Israels & Neuman, PLC Investigates James Noack, Formerly of Madison Avenue Securities and Commonwealth Financial Network
SAN RAMON, CALIFORNIA – Have you lost money with financial advisor James W. Noack, formerly of Madison Avenue Securities and Commonwealth Financial Network in San Ramon, California? We are looking into allegations made against James or Jim Noack, who has been the subject of a customer complaint that was filed in 2018. The customer alleged misrepresentations were made in connection with the sale of a non-traded REIT (or real estate investment trust).
Jim Noack was also terminated by Commonwealth Financial Network in 2021. It was alleged that Noack engaged in private securities transactions without approval from Commonwealth.
James Noack was a registered representative of Madison Avenue Securities from 2009 to May 2019. Noack was also with Commonwealth Financial Network from May 2019 to May 2021. He has worked at branch offices in San Ramon and Walnut Creek, California.
Brokerage firms like Madison Avenue Securities and Commonwealth Financial Network have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Madison Avenue Securities and Commonwealth Financial Network.
Click to view BrokerCheck: Noack, James BrokerCheck 6.18.21
If you lost money with James Noack, Commonwealth Financial Network, or Madison Avenue Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.