First Republic Securities Company, LLC broker James Wilcox (CRD# 4261884) is accused of investment losses due to index losses. Wilcox has been registered with First Republic Securities Company, LLC in Jackson, Wyoming since 2018.
Wilcox has been the subject of one customer complaint, according to his CRD report:
July 2020. “For the period February 2018 to March 2020, Client alleges, inter alia, the registered representative recommended an unsuitable investment strategy.” The customer is seeking $800,000 in damages and the case is currently pending. The complaint took place while Wilcox was registered with First Republic Securities Company, LLC and was regarding index options.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, First Republic Securities Company, LLC may be liable for investment or other losses suffered by Wilcox’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks, and insurance companies on a contingency fee basis.
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