If you have suffered losses with former stockbroker James Daughtry of Dothan, Alabama, call Kons Law Firm today at (860) 920-5181 for a FREE Consultation regarding your investment loss recovery options.
James Blake Daughtry is Barred from the Securities Industry
In March 2020, James Daughtry was barred by FINRA for refusing to appear for on-the-record testimony requested by FINRA in connection with an investigation into potentially fraudulent and unauthorized transactions in customers’ accounts, and terminated from the brokerage firm he was registered with.
Upon information and belief, at least one investor has now filed an arbitration against Jim Daughtry’s former brokerage firm claiming that she invested with James Daughtry, but her funds ended up with Graysail – which is allegedly a defunct IRA that was housed at a custodial firm referred to as Equity Trust. Upon information and belief, forged documents allegedly caused this investor to lend nearly all of her assets to an entity named Small World Capital. Meanwhile, this investor knew nothing about these transactions.
All of this happened during Daughtry’s time as a Kestra broker, although marketing materials referred to his office as The Daughtry Group. As a result, Kestra had a duty to properly supervise him and his activities, ensuring the suitability of investments and trading activities, preventing misappropriation, and checking for unapproved outside business activities while protecting all of its customers from fraud and negligence. Yet because Daughtry sold away a product that Kestra had not approved, violating the firm’s and FINRA’s rules, this retiree investor lost the bulk of her retirement savings.
James Daughtry Investors May Have Investment Loss Recovery Options
Fortunately for those investors who invested with James Daughtry, The Daughtry Group, or in Graysail or Small World Capital may be able to recover their investment losses through FINRA arbitration or securities litigation. In the securities industry, when a stockbroker sells investments, the brokerage firms have a regulatory duty to supervise its stockbrokers and the securities transactions they enter into to ensure that the investments recommended their broker were suitable. If the investments recommended by James Daughtry were not suitable, the brokerage firm he was registered with may be liable to the investor for the losses that they have suffered.
How Can I Recover Money from my investments with James “Jim” Daughtry, Graysail, The Daughtry Group, or Small World Capital?
If you are an investor that has suffered losses investing with James Daughtry, The Daughtry Group, Graysail, or Small World Capital, you may be able to pursue recovery of your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors throughout the US in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.