James J. Oliver, formerly Ameritas Investment Corp., Subject of South Dakota Complaint
Dakota Dunes, SD
Have you lost money with financial advisor James J. Oliver of Dakota Dunes, South Dakota? We are investigating allegations made by the South Dakota Division of Insurance against James Oliver. South Dakota alleged that Oliver made a private investment without notifying his former brokerage firm, Ameritas Investment Corp.
To settle these allegations, Oliver agreed to pay a $2,500 fine. Another Ameritas representative in the same Dakota Dunes office named James Anderson was previously barred by FINRA regarding sales of promissory notes. Oliver was also named in a customer complaint in 2019, alleging an unsuitable sale of a promissory note.
James Oliver was a financial advisor and registered representative of Ameritas Investment Corp. from 2005 to September 2019. He worked at branch offices in Dakota Dunes, South Dakota; and Lincoln, Nebraska. Oliver was also affiliated with Divvy Services and Create Tailwind.
Brokerage firms like Ameritas Investment Corp. 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 South Dakota and Nebraska. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Ameritas Investment Corp.