Investor Complaints and FINRA Violations Raid Red Flags for Josh Bradley
Investors from Columbia, South Carolina are concerned about the recommendations of financial advisor Josh Bradley. In a recent complaint, Bradley is accused of recommending an unsuitable purchase. Meanwhile, a previous FINRA sanctions sheds some light on his professional misconduct. These incidents are red flags that potential investors should be aware of before considering Bradley as a service provider.
Unsuitable investment allegations
According to the records of the Financial Industry Regulatory Authority, (FINRA), and the Securities and Exchange Commission, (SEC), a lawsuit was filed by Josh Bradley in the month of November 2023. According to the complaint, Bradley did not disclose, during his tenure with Voya, the risks of an investment in a non-traded BDC, which was deemed inappropriate by the investor. The amount of damages sought in the complaint is significant, at $100,000.
This complaint raises questions about Bradley’s capability to give suitable investment advice to clients. Investors depend on their financial advisors for guidance in selecting investments that are aligned with their goals and tolerance of risk. Failure to disclose important information about an investment could lead to financial loss and undermine trust between advisor and investor.
FINRA Sanction for Unsuitable Trading
Josh Bradley’s BrokerCheck Report reveals a prior FINRA sanction as well as the investor complaint. The 2017 sanction stems from Bradley’s improper trading. Bradley was found to have placed trades on customer accounts by using a firm with which he no longer had any association. He did not inform his current firm of these accounts, and he used unauthorized credentials in order to access its trading platform.
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FINRA’s investigations revealed that Bradley had used the login credentials of another registered representative to place a trade. Bradley was not paid any commissions, but this behavior raises concerns about his ethical conduct and compliance with industry regulations. In the end, Bradley was suspended for six month and fined $15,000.
Background and Credentials
Josh Bradley has 17 years experience in securities. He is currently registered at Capital City Financial Partners based in Columbia South Carolina. He joined Integrated Advisors Network in 2018 as an investment adviser and has been associated with Capital City Financial Partners, since 2016.
Bradley has been registered with Hayden Royal Securities, Merrill Lynch Securities, Voya Financial Securities, Gunnallen Financial Securities, First Allied Securities and Edward Jones. This background is diverse and suggests that Bradley has a wide range of experience. However, it also raises concerns about his commitment to the firm.
Bradley passed four qualifying exams in the securities industry to become a financial advisor: The General Securities Representative Examination, the Securities Industry Essentials Examination, the Uniform Securities Agency State Law Examination and the Uniform Combined State Law Examination. He has been licensed to practice law in California and South Carolina.
You can also read our conclusion.
Investors considering Josh Bradley’s services should be aware of the investor complaint against him and the FINRA sanction. Bradley’s reputation is at risk due to allegations of improper trading, unsuitable investing recommendations and other concerns.
Investors should thoroughly evaluate the track record, disciplinary history and reputation of any financial advisors they may be considering. By conducting due diligence and asking for recommendations from trustworthy sources, investors can avoid financial losses and receive sound investment advice.