We are investigating James Douglas Grimes of Lawrence, Pennsylvania. Grimes, previously worked with Triad Advisors Inc and State Farm Management Corp. He was recently named a respondent in a FINRA complaint alleging that he effected unauthorized money transfers totaling $306,000 from customer accounts and transferred those funds to another customer account, without the knowledge or authorization of the owners of the accounts.
According to FINRA, Grimes effected the unauthorized transfers by submitting written journal request forms to his member firm that contained forged client signatures. The complaint alleges that Grimes wrote numerous checks totaling $250,446, withdrawing funds from the customer’s account. Most of the checks were made payable to cash. The complaint also alleges that Grimes converted all of the proceeds for his personal use. To learn about what legal options exist against James Grimes, or his previous employers to recover missing funds or investment losses, please contact us for a no cost no obligation consultation with an attorney.