BROKER REPORT: Customer Complaints Against James Bracey

The securities fraud attorneys at Malecki Law are interested in hearing from investors who have complaints regarding former stockbroker James J. Bracey IV.  According to his BrokerCheck report maintained by the Financial Industry Regulatory Authority (“FINRA”), Mr. Bracey is no longer FINRA licensed to sell investments.  He has reportedly been the subject of no less than four customer complaints.

Mr. Bracey has also reportedly been barred by FINRA for his conduct related to real estate projects.  FINRA reports that this misconduct involved Mr. Bracey receiving an unapproved loan from a customer in violation of FINRA rules and falsifying a customer document.  Per FINRA, Mr. Bracey was discharged from LPL Financial, where he had worked since 2010, “after allegations.”

In 2010, Mr. Bracey was the subject of two customer complaints, per FINRA.  One complaint alleged “misrepresentation and suitability issues,” while the other alleged “misrepresentation of the REITs she purchased and the fees involved.”  FINRA records indicate that one customer recovered $105,000 as a result of their complaint.

The attorneys at Malecki Law are regularly contacted by and regularly represent individuals who have lost money as a result of misrepresentations and unsuitable investment recommendations made by their financial advisor.

In 2003, Mr. Bracey was discharged from his job at Morgan Stanley amidst allegations of impropriety, per FINRA.

In addition to LPL and Morgan Stanley, FINRA reports that Mr. Bracey has also been registered with Multi-Financial Securities Corp. and CIBC World Markets.

If you or a family member lost money invested with James J. Bracey IV, you are encouraged to contact the securities fraud lawyers at Malecki Law for a free consultation and case evaluation at (212) 943-1233.

Malecki Law has successfully brought securities actions on behalf of investors who suffered losses as a result of unscrupulous actions taken in their securities accounts, recovering millions of dollars for their clients.

Malecki Law takes a proactive and informed approach to the financial news of today: actively engaging in fact-finding analysis on prospective cases from around the world. Our thorough knowledge of securities law’s history and fine points makes us ideal consultants for investors who have suffered losses due to misadvice from their broker or other financial counsel.

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