Advisor Alert: Our Attorneys Are Investigating James Albert Pettit For Investment Fraud
Did You Lose Money Because of James Pettit?
Filed: January 18, 2024
James Pettit currently has one (1) pending customer dispute and one (1) pending judgment/lien event. Overall, he has been the subject of four (4) regulatory events, one (1) judgment/lien event, and one (1) customer complaint. 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 Albert Pettit.
Who Is James Albert Pettit?
- Advisor Name: James Albert Pettit
- Aliases: James Pettit
- CRD: 733916
- Location: Suffield, Connecticut
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Ameriprise Financial Services, LLC, Janney Montgomery Scott LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 4
- Number of Known Judgment/Lien Events: 1
- Can James Pettit Be Sued: Yes, in Private Arbitration
- Can James Pettit’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 Pettit, 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 James Pettit For Broker Misconduct
As of this publication date, James Pettit has been the subject of 1 customer dispute, 1 judgment/lien event, and 4 regulatory events. Let’s review them below.
In December 2022, United States Securities and Exchange Commission initiated a regulatory action against or in reference to James Pettit for improper financial dealings, including withdrawing money from a client account as a personal loan, borrowing money from clients for personal expenses, and engaging in self-dealing with an elderly client’s funds.
In October 2019, a FINRA arbitration was filed against or in reference to James Pettit by a customer of Janney Montgomery Scott LLC alleging that Mr. Pettit improperly engaged the client in activity with regards to a private business dealing and recommended unsuitable investments. As for this publication date, this claim remains pending.
In March 2018, FINRA initiated a regulatory action against or in reference to James Pettit for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In November 2017, FINRA initiated a regulatory action against or in reference to James Pettit for failing to respond to FINRA request for information.
In May 2017, Connecticut initiated a regulatory action against or in reference to James Pettit for allegedly engaging in certain improprieties rising to the level of dishonest or unethical practices in the securities business.
In October 2011, James Pettit was the subject of a civil judgment or lien in the amount of $94,542.94. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against James Pettit (previously with Ameriprise Financial Services, LLC, Janney Montgomery Scott LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back
If you have questions about James Pettit, Ameriprise Financial Services, LLC, Janney Montgomery Scott LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, 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.