James Keith Cox— Recommen ding Unsuitable Annuity Transactions to a Customer
James 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 email@example.com or firstname.lastname@example.org.