JAMES MICHAEL VAUGHN is currently employed as a Broker and/or Investment Adviser at THE STRATEGIC FINANCIAL ALLIANCE, INC. located at 40 Kupuohi Street, Suite 104, Lahaina, HI, 96761.
JAMES MICHAEL VAUGHN has worked at THE STRATEGIC FINANCIAL ALLIANCE, INC. since July 14, 2014
Disclosure History
JAMES MICHAEL VAUGHN has 3 Disclosure Event(s).
Date: January 27, 2015 Category: Regulatory
Date: March 06, 2014 Category: Employment Separation After Allegations Firm Name: EDWARD JONES Termination Type: Discharged Allegations: VIOLATED FIRM POLICY REGARDING DISCRETIONARY TRADING IN BROKERAGE ACCOUNTS, WHICH THE FIRM PROHIBITS REGARDLESS OF WHETHER A CUSTOMER'S AUTHORIZATION IS RECEIVED. Broker Comment: MR. VAUGHN ACTED ON CLIENT(S)'S STANDING ORDERS FOR DOLLAR COST AVERAGING AND RENEWING SHORT TERM VEHICLES BUT DID NOT CALL THE RESPECTIVE CLIENT PRIOR TO ENTERING EACH SUCH TRADE.
Date: December 29, 2005 Category: Customer Dispute Allegations: THE CLIENT STATES THE IR DENIED HER REQUESTS TO LIQUIDATE THE MUTUAL FUNDS IN HER ACCOUNT AND TRANSFER THEM INTO MONEY MARKET FUNDS. THE MARKET VALUE OF THE FUNDS DECREASED. THE CLIENT STATES DEALING WITH THE IR CAUSED MUCH STRESS AND ANXIETY. THE CLIENT STATES SHE INVESTED $28,000 AND WHEN THE FUNDS WERE FINALLY SOLD, THE VALUE WAS REDUCED TO $14,000. Damage Amount Requested: $14,000.00 Broker Comment: CLIENT OPENED A RETIREMENT ACCOUNT ON 7/26/94; FUNDS WERE TRANSFERRED FROM TWO DIFFERENT BROKER DEALERS. THE CLIENT INVESTED INTO SEVERAL MUTUAL FUNDS AND MADE TWO CONTRIBUTIONS SINCE THE ACCOUNT OPENED. THE INVESTMENT REPRESENTATIVE INDICATES THE CLIENT INQUIRED ABOUT A WOMEN'S EQUITY MUTUAL FUND IN JULY 2002. THE IR INFORMED THE CLIENT EDJ DID NOT OFFER THIS FUND BECAUSE IT WAS A NO LOAD FUND AND THE FIRM DID NOT HAVE A SELLING AGREEMENT. THE IR RECOMMENDED EXCHANGING INTO TWO DIFFERENT FUNDS. ON 10/11/02, THE CLIENT REQUESTED AN EXCHANGE FROM THE NEW FUNDS INTO A MONEY MARKET FUND, WHICH THE IR DID. THE CLIENT CHANGED INVESTMENT REPRESENTATIVES ON 7/15/04. THE DECLINE IN THE INVESTMENTS IS ATTRIBUTED TO MARKET FLUCTUATION, WHICH IS A RISK ASSOCIATED WITH INVESTING.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for JAMES MICHAEL VAUGHN, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.