Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Simpson (Simpson), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Simpson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $400,000.00 on May 08, 2026.
Client alleges Unsuitable Recommendations, Breach of Fiduciary Duty, Negligence, Failure to Supervise, Misrepresentation and Omission, Violation of Finra Rules and industry standards related to illiquid/alternative investments purchased through his representative at Moloney Securities, and prior to moving his accounts to Ausdal. At no time has Mr. Simpson been the client’s representative, nor did he supervise the transactions at issue as they were not purchased through Ausdal.\,