James Keith Cox— Recommen ding Unsuitable Annuity Transactions to a Customer

Cleveland stockbroker fraud lawyerJames Keith Cox, of Baton Rouge, Allegedly Recommended Unsuitable Annuity Transactions to a Customer and Took in $25,460 Related to the Exchange

James Keith Cox, of Baton Rouge, allegedly recommended unsuitable annuity transactions to a customer and took in $25,460 in relation to the exchange, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to James Keith Cox’s alleged unsuitable recommendations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating James Keith Cox’s alleged unsuitable recommendations.

Cox, who was associated with Sterne, Agee & Leach, Inc. in Baton Rouge, Louisiana, allegedly lacked a reasonable basis for recommending fiver annuity transactions to an SAL customer, and FINRA’s Department of Enforcement made claims that Cox allegedly received $25,460 in net commissions related to said transactions, according to the aforementioned AWC.

James Keith Cox Suspended and Fined $10,000 by FINRA and also Ordered Disgorgement of His Commissions in the Amount of $25,000

James Keith Cox also allegedly charged the aforementioned customer $2,500 for consulting services which he implemented regarding the building of a modular office building for the customer’s medical practice, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

FINRA further alleges that Cox failed to provide prior written notice to Sterne, Agee & Leach, Inc. before performing the aforementioned actions, the AWC reports.

James Keith Cox’s aforementioned behavior allegedly violated FINRA Rules and therefore Cox has been suspended and fined $10,000 by FINRA and has also been ordered to pay out disgorgement of his commissions in the amount of $25,000, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Cox’s BrokerCheck Report also reports that he was transferred to Stifel, Nicolaus & Company, Inc. in Baton Rouge until April 2017 before the firm discharged him for a “lack of confidence after settlement of customer complaint and nondisclosure of outside business activity,” and that Cox is no longer associated with any FINRA member firm.

One should also note that, according to the AWC, James Keith Cox neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating James Keith Cox’s alleged unsuitable recommendations. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of James Keith Cox’s alleged unsuitable recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1200 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.