Securities Lawyers Blog
Currently financial advisor James Day (Day), currently employed by brokerage firm Hightower Securities, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,001.00 on July 23, 2021.
James Day was involved with a FINRA arbitration claim brought by his former customer alleging certain sales practices and securities law violations, including customer suitability claims, negligence claims, breach of contract and fiduciary duty, and supervisory and due diligence deficiencies relating to the customer’s investments in private placement products in October 2015 and January 2017, totaling $100,001.