James F, Anderson is Facing a $400,000 FINRA Arbitration Claim

If you’ve lost money investing with James F. Anderson or Ameritas Investments, you may have a claim. Contact Sonn Law today by filling out our form to submit a confidential message, or call us anytime at 866–827–3202 to schedule a free consultation.


James F. Anderson (CRD#: 4803514) is a previously registered FINRA broker. From 2004 to 2019, Mr. Anderson was employed at Ameritas Investment Corp. in Dakota Dunes, SD. In February, he was discharged by his brokerage firm after allegations that he engaged in unapproved and improper ‘selling away’.

Following his termination, FINRA launched its own inquiry into the alleged misconduct of James F. Anderson. On June 3rd, 2019, Mr. Anderson was permanently barred from the securities industry for failing to provide requested documents and information to regulators — a violation of FINRA Rule 8210.

Barred Broker: Former Ameritas Advisor James F. Anderson

James F. Anderson is currently facing at least one investor claim related to selling away. BrokerCheck indicates that a customer of Ameritas Investments filed a complaint against Mr. Anderson alleging illegitimate losses in an unsuitable promissory note. This promissory note was part of a private placement that was offered away from his member firm. The investor is seeking $400,000 in financial compensation. As of June of 2019, this claim is listed as ‘pending’ by FINRA.

Jeffrey R. Sonn is a top-rated FINRA arbitration lawyer with extensive experience handling the complete range of ‘selling away’ cases. If suffered losses in private placement securities sold by James F. Anderson, our legal team is here to help. Please contact us today for a free initial consultation.

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. 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, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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