ashe

Now ole Jim calls it retirement. I call it getting fired, kicked out and laughed out myself!!!

Dog are you sure??? Last I heard he is hiding in Florida now and the feds are investigating him. They should bring criminal charges against him considering to amount of money he has swindled.. I have never been convicted of anything either but that has not stopped you from labeling and brains me the worst criminal since Ma Barker. You have got to love these double standards you adhere to. This country has reached a point it loves these white collar crooks. Someone should start hanging them as they used to do horse and cattle thieves. Looks like another Damacat done jumped out of the frying pan into the fire. Seems ole Biden is guiltier than Trump now. Glad I ditched that party.

Yet Jim has been convicted of nothing.

For the first time ever I am glad that Hal and Marguerite Heafner are dead so they don't have to see what a failure and screwups their sons turned into because of greed. They are probably rolling in their graves.

James Hal Heafner�(also known as Jim Heafner) a stockbroker formerly registered with Taylor Capital Management Inc. (also known as TCM Securities Inc.) has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity on March 31, 2020 based upon accusations that Heafner failed to cooperate with a FINRA Arbitration Award in which he was found liable for�breaching a fiduciary duty�to the customer and for selling the customer unsuitable investments in 1st Global Capital Financial Services. FINRA Arbitration No.�19-03613.

This is not the first time that Heafner has been sanctioned by FINRA for engaging in misconduct. On July 30, 2019, he was barred in all capacities by the regulator based upon findings that he neglected to cooperate with FINRA during an investigation into allegations of his�unauthorized transactions. Letter of Acceptance Waiver and Consent No. 2018059962701 (July 30, 2019). According to the AWC, Heafner was asked by FINRA to provide recorded testimony in response to allegations of him engaging in outside business activities during the time that he was associated with Taylor Capital Management. FINRA was made aware from Heafner's attorney that Heafner refused to testify. The stockbroker's conduct was violative of FINRA Rules 2010 and 8210.

FINRA Public Disclosure confirms that Heafner has been identified in three customer initiated investment related disputes concerning accusations of his misconduct while employed by Taylor Capital Management. Heafner was subject of a customer initiated investment related arbitration claim where the customer was awarded $149,618.42 in damages founded on Taylor Capital Management being found liable on the customer's claims which included breach of fiduciary duty, fraud, negligence and the failure to supervise 1st Global Capital securities transactions recommended or effected by Heafner. FINRA Arbitration No. 18-03960.

On December 12, 2018, a customer filed an investment related arbitration claim pertaining to Heafner's conduct in which the customer requested $268,015.79 in damages supported by allegations that the customer had been sold a 1st Global Capital debt security by Heafner through an outside business activity on September 29, 2017. FINRA Arbitration No. 18-03791. According to the claim, a Memorandum of Indebtedness had been sold by Heafner without Taylor Capital Management's supervision.

Heafner is also the subject of a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages based upon accusations of an unsuitable investment in 1st�Global Capital that were recommended by Heafner. FINRA Arbitration No. 19-00350 (Feb. 4, 2019). According to the claim, there was a breach of fiduciary duty and a breach of contract as it pertained to the transaction. There were allegedly non-disclosures of important information regarding the customer's investments. The claim also alleges negligence and supervisory failures by Taylor Capital Management.

Heafner's registration with Taylor Capital Management was terminated as of January 22, 2018. FINRA Public Disclosure also reveals that Heafner was discharged by Retirement Wealth Advisors on August 31, 2018 based upon allegations of him engaging in outside business activities without the firm's permission and for neglecting to comply with written policies and procedures.

CategoryBoilerroom Sales,�Breach of Fiduciary Duty,�Securities Arbitration Claims,�Unauthorized Trading

TagsJames Hal Heafner,�TCM Capital Management

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And I call everything poor old Jimmy Boudreau says to gain sympathy BULL****!!

Panel finds Charlotte-area financial advisor committed securities fraud, awards punitive damages

By Jennifer Miller and David Hodges
Updated: Oct. 10, 2019 at 1:58 PM EDT
CHARLOTTE, N.C. (WBTV) - An arbitration panel found that a well-known financial advisor in the Charlotte area committed securities fraud. The law firm Goodman & Nekvasil, P.A. announced that they have won a $1.03 million FINRA arbitration award for their clients against James Hal Heafner.

Clients of Heafner claim he squandered hundreds of thousands of dollars by investing in a risky business, according to complaints filed with the Financial Industry Regulatory Authority. The company he invested in is facing a lawsuit from the Securities and Exchange Commission.

The arbitration award includes $400,000 in punitive damages.

Heafner is accused of investing clients' money in 1st Global Capital, according the complaints filed with FINRA. 1st Global is a South Florida company that has now had its assets frozen by the Securities and Exchange Commission. The SEC claims that 1st Global was paying commissions to registered and unregistered investment advisors to fraudulently raise $287 million in investments.

According to the SEC court filing, the owner of 1st Global put $35 million into his own pocket or his own companies. The SEC also claims 1st Global falsified financial information, including the return on investment.

"Evidence of the arbitration hearing showed that Heafner falsely represented that 1 Global was a safe investment and failed to disclose the risks of the investment," legal documents state.

The panel awarded $1,033,362 against Heafner, which included attorney fees and $100,000 in punitive damages to each of the claimants.

"The Arbitration Panel specifically found that Heanfer committed �fraud, intentional misrepresentation, reckless disregard of high risk and reckless disregard of securities statutes by selling unregistered securities,'" documents state.

When 1 Global filed for bankruptcy, Heafner reportedly sent each of his clients a letter. Court documents state the letter read, "I could easily retire and move to an island, but our job is to try and do our best for you, knowing that life is full of perils." The document says "ironically," Heafner moved to Puerto Rico and abandoned his clients.

Charlotte area financial advisor faces claims of mismanaging investments
Viewers may recognize Heafner, as he paid for sponsored content on WBTV's lifestyle program Morning Break. That relationship ended in November 2017. Heafner also advertised on WBTV until February 2018.

According to FINRA, Heafner was fired from a company for his outside business activities. Heafner confirmed to WBTV it was related to investments he made for his clients.

Heafner provided an email statement to WBTV in response to the FINRA ruling.

"It is important to know three things about 1Global and my involvement: 1) My clients will lose a substantial amount of their 1Global investment 2) I, alone, am responsible for recommending 1Global to my clients, and 3) I would never have recommended it to my clients, or invested myself had I known the extent to which 1Global represented itself," Heafner wrote.

Attorney Kalju Nekvasil, who represented the Heafner's clients in the FINRA case said they will continue to pursue Heafner to collect the award. He says so far Heafner has not provided any personal financial information.

Nekvasil also said they will file a claim against 1st Global's insurance carrier to try and collect on the FINRA award.

On the FINRA website three customers of Jim Heafner claim he was negligent in investing their money in 1st Global. They say the losses add up to almost a half a million dollars.

"I did receive commissions on this like most anything else that certainly wasn't the motivating factor," Heafner said.

He did not tell WBTV how much he made in commission or whether it was more than other security commissions. Heafner estimated he had 45 clients whose money he invested in 1st Global.

WBTV obtained a letter a client says was sent to them from Heafner. The client does not wish to be named. In it Heafner compares himself to Captain 'Sully' Sullenberger, the pilot who landed the plane in the Miracle on the Hudson.

The letter reads "I always did the best for my clients and like Sully I am being accused of making the wrong call by clients, authorities and attorneys."

It also reads "The authorities say I didn't follow protocol and that I should lose my licenses for my mistake.

Heafner's material on WBTV was paid advertising and paid sponsored content and was not endorsed by WBTV. That relationship ended in February 2018. Six months later Heafner was terminated from the company that employed him. He is no longer a registered broker according to information publicly available on the FINRA and SEC websites.

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