James Anthony Parrelly Allegedly Engaged in Churning, Negligence, & Made Unsuitable Investments; Damages Requested of Half a Million Dollars

James Parrelly allegedly engaged in churning, negligence and purportedly made unsuitable investments, according to a Pending Customer Dispute filed on Parrelly’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on April 1, 2019, FINRA states., and is requesting $500,000 in damages.

Investor rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating James Parrelly’s alleged acts of churning, negligence, and unsuitable investments. Investors who believe they may have lost money in activity related to James Parrelly’s alleged acts of churning, negligence, and unsuitable investments are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

James Parrelly Has 10 Disclosure on His FINRA BrokerCheck Report throughout His 37 Years in the Securities Industry

James Parrelly has 10 disclosures on his FINRA BrokerCheck Report, and has 37 years in the securities industry with 9 firms, FINRA notes.

He has been employed at Investment Planners, Inc. in Dearborn, Michigan since, March 9, 2015, FINRA states, and has also been registered at the following firms:

  • First Midwest Securities, Inc., Dearborn, MI— May 25, 2004 to March 10, 2015
  • Girard Securities, Inc., San Diego, CA— November 18, 2002 to June 2, 2004
  • Spelman & Co., Inc., Phoenix, AZ— February 16, 2001 to December 18, 2002
  • American Investment Services, Inc., Oklahoma City, OK— November 22, 1996 to February 22, 2001 (FINRA expelled the firm on February 13, 2003)
  • North American Financial Group, Inc., Warren, MI— March 28, 1994 to September 25, 1996
  • Hamilton Investments, Inc.— August 24, 1990 to January 17, 1994
  • Paine Webber Inc., Weehawken, NJ— January 2, 1987 to August 8, 1990
  • Kidder, Peabody & Co. Incorporated00 April 13, 1981 to January 29, 1987

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating James Parrelly’s alleged acts of churning, negligence, and unsuitable investments. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of James Parrelly’s alleged acts of churning, negligence, and unsuitable investments may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.