Advisor Alert: Our Attorneys Are Investigating James Whitney Story For Investment Fraud
Did You Lose Money Because of James Story?
Filed: November 15, 2023
James Story (also known as Whit Story) currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) termination event and four (4) 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 Whitney Story.
Who Is James Whitney Story of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC?
- Advisor Name: James Whitney Story
- Aliases: Whit Story
- CRD: 2656257
- Location: Fitzgerald, Georgia
- Current Employer: Cetera Advisor Networks LLC and Cetera Investment Advisers LLC
- Previous Firms: Summit Financial Group Inc. and Summit Brokerage Services, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Termination Events: 1
- Can James Story Be Sued: Yes, in Private Arbitration
- Can James Story’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $50,000
If you have suffered investment losses by James Story, 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 Story For Broker Misconduct
As of this publication date, James Story has been the subject of 1 termination event and 4 customer disputes. Let’s review them below.
In March 2019, a complaint was filed against or in reference to James Story by multiple customers of Summit Brokerage Services alleging that Mr. Story recommended unsuitable fixed income investments. Per the customers, they lost over $100,000 because of Mr. Story’s actions. On December 3, 2019, Mr. Story settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Story’s employer and/or insurance carrier.
In April 2006, a complaint was filed against or in reference to James Story by a customer of Mutual Service Corporation alleging unsuitable recommendations were made by the client based upon misrepresentations/omissions of material information by Mr. Story. Per the customer, he/she lost over $4,500 because of Mr. Story’s actions.
In February 2006, a complaint was filed against or in reference to James Story by a customer of Edward Jones alleging that Mr. Story purposely engaged in inappropriate trading activity, which was intended to incur sales commissions. Per the customer, he/she lost over $18,000 because of Mr. Story’s actions. As of this publication date, this claim remains pending.
In August 2003, Raymond James Financial Services, Inc. terminated James Story for failure to follow industry guidelines in regard to disability waivers for CDSC charges.
In April 2001, a complaint was filed against or in reference to James Story by a customer of Edward Jones alleging that in March 2001, the client purchased 137 shares of LSI at $90.00. The client states he purchased the stock based on Mr. Story’s recommendation and statements that he believed the stock would rise to around $125.00. The client still owns the shares which are trading at $20.00 per share. Per the customer, he lost over $10,000 because of Mr. Story’s actions.
How To File A Claim Against James Story of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC (previously with Summit Financial Group Inc. and Summit Brokerage Services, Inc.) To Get Your Money Back.
If you have questions about James Story, Cetera Advisor Networks LLC, Cetera Investment Advisers LLC, Summit Financial Group Inc., Summit Brokerage Services, 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.