According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), James Fonseca was accused of accepting $25,000 from an individual he was soliciting to be a firm customer. He allegedly was going to use the funds to engage in a day trading endeavor. He allegedly then deposited and co-mingled the individual’s funds in a bank account controlled by himself and his wife. The individual eventually became a client of the firm, Rothschild Lieberman, where Fonseca was a registered broker. This is against securities rules and regulations. For this, Fonseca was barred from the industry by FINRA.
Mr. Fonseca was registered with LCP Capital Corp, The Agean Group, Lloyd, Scott & Valenti, M.H. Meyerson, Broad Street Securities, Quest Capital Strategies, Brookshire Securities Corp, Investors Capital Corp, Mercer Capital Ltd., Carlton Capital Inc., Empire Asset Management Company, Chase Investment Services, National Securities Corp, Cape Securities Inc., Legend Securities, Meyers Associates, Rothschild Lieberman in New York, New York from December 2014 until November 2015, and Newport Coast Securities. He has one customer dispute against him and is not licensed within the industry.
If you lost money with James Fonseca, please call our securities law firm today to speak with one of our attorneys. We may be able to sue his former firm, Rothschild Lieberman, for investment losses. The call to us is free with no obligation. 312-332-4200. We are based in Chicago, Illinois. We take cases on a contingency fee basis only.