James Larkin Powers; Du Pasquier & Co.; New York, New York

According to a recent Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA), James Larkin Powers, a former broker at du Pasquier & Co., was alleged to have violated securities laws. Powers allegedly created fictitious trades between his firm trading account and his personal account for his own profit, converted customer funds, caused his firm to create trade confirmations that misrepresented the prices of customers’ trades and hid a loss he incurred in a firm trading account by repeatedly entering unauthorized, fictitious customer trades and subsequently cancelled them before settlement. He allegedly received at least $388,133 in illicit trading profits from these transgressions. He also allegedly converted customer funds and made material omissions. These are all against securities rules and regulations.

Powers was registered with Kidder, Peabody & Co. in New York, New York from February 1994 until July 1994, Sharpe Capital in New York from June 1994 until October 2000, Magna Securities in New York from October 2000 until February 2005, Du Pasquier in New York from January 2005 until July 2014, Aegis Capital Corp in New York from July 2014 until December 2015, Celadon Financial Group in Chatham, New Jersey from January 2016 until February 2016 and IFS Securities in Atlanta, Georgia from February 2016 until September 2016. He is not licensed within the industry. Please call today for a free consultation with one of our attorneys. 312-332-4200.

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