Advisor Alert: Our Attorneys Are Investigating James A. Franklin For Investment Fraud
Did You Lose Money Because of Jim Franklin?
Filed: November 15, 2023
Jim Franklin has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on James A. Franklin.
Who Is James A. Franklin of Independent Financial Group, LLC?
- Advisor Name: James A. Franklin
- Aliases: Jim Franklin
- CRD: 4799613
- Location: Houston, Texas
- Current Employer: Independent Financial Group, LLC
- Previous Firms: Cetera Advisor Networks LLC and 1st Global Advisors LLC
- Number of Known Customer Complaints: 2
- Can Jim Franklin Be Sued: Yes, in Private Arbitration
- Can Jim Franklin’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $50,000
- Highest Settlement: $21,250
If you have suffered investment losses by Jim Franklin, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Jim Franklin For Broker Misconduct
As of this publication date, Jim Franklin has been the subject of 2 customer disputes. Let’s review them below.
In November 2020, a FINRA arbitration was filed against or in reference to Jim Franklin by a customer of Investors Capital Corporation alleging unsuitable investment recommendations. On August 20 2021, Mr. Franklin settled the claim for $21,250, and some or all of this amount may have been paid by Mr. Franklin’s employer and/or insurance carrier.
In April 2017, a complaint was filed against or in reference to Jim Franklin by a customer of Investors Capital Corporation alleging misrepresentation of the liquidity time frame associated with investments made in or about March 2015. Per the customer, he/she lost over $50,000 because of Mr. Franklin’s actions.
How To File A Claim Against Jim Franklin of Independent Financial Group, LLC (previously with Cetera Advisor Networks LLC and 1st Global Advisors LLC) To Get Your Money Back.
If you have questions about Jim Franklin, Independent Financial Group, LLC, Cetera Advisor Networks LLC, 1st Global Advisors LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.