Advisor Alert: Our Attorneys Are Investigating James Daniel McDermott For Investment Fraud
Did You Lose Money Because of James McDermott?
Filed: March 4, 2024
James McDermott currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) customer complaint and one (1) termination event. 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 Daniel McDermott.
Who Is James Daniel McDermott of Osaic Wealth, Inc.?
- Advisor Name: James Daniel McDermott
- Aliases: James D McDermott
- CRD: 2483480
- Location: Oakbrook Terrace, Illinois
- Current Employer: Osaic Wealth, Inc.
- Previous Firms: Raymond James & Associates, Inc. and Oppenheimer & Co. Inc.
- Number of Known Customer Complaints: 1
- Number of Known Termination Events: 1
- Can James McDermott Be Sued: Yes, in Private Arbitration
- Can James McDermott’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by James McDermott, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stock market losses 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 James McDermott For Broker Misconduct
As of this publication date, James McDermott has been the subject of 1 customer dispute and 1 termination event. Let’s review them below.
In February 2024, a complaint was filed against or in reference to James McDermott by multiple customers of Raymond James & Associates, Inc. alleging that every transaction involving the purchase or sale of a security in their Raymond James accounts violated the Illinois Securities Law. As of this publication date, this claim remains pending.
In December 2011, Wells Fargo Advisors, LLC terminated James McDermott for violating an internal policy of Wells Fargo Advisors in that he borrowed money from two persons who were clients of the firm. Both clients were acting in the capacity of custodians on a brokerage account.
How To File A Claim Against James McDermott of Osaic Wealth, Inc. (previously with Raymond James & Associates, Inc. and Oppenheimer & Co. Inc.) To Get Your Money Back
If you have questions about James McDermott, Osaic Wealth, Inc., Raymond James & Associates, Inc., Oppenheimer & Co. Inc., 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.