James M. Honaker of Amherst New York a stockbroker formerly registered with Lincoln Financial Advisors Corporation is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $11,316.00 in compensatory damages based upon Honaker having been found liable on the customer’s claims that (1) Honaker executed transactions in the customer’s account that were not suitable for the customer (2) Honaker omitted and misrepresented information about securities (3) Honaker breached his fiduciary duties to the customer (4) Honaker defrauded the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00740 (June 13, 2018).

Honaker reportedly advised the customers to buy variable annuity investments that had not been explained properly to them because customers had not been apprised of the benefits and costs of the transactions. Moreover, the customers claimed that documentation had been submitted by Honaker to the issuer which falsely portrayed the customers answering questions in reference to suitability.

FINRA Public Disclosure additionally reveals that on August 3, 2016, a customer filed an investment related complaint involving Honaker’s activities where the customer sought damages estimated to exceed $5,000.00 founded on accusations that while Honaker was associated with Lincoln Financial Advisors, omissions had been made to the customer concerning the charges and fees pertaining to variable annuity policies that had been recommended and ultimately purchased by the customers.

Honaker has been employed by Lincoln Financial Advisors Corporation since August 21, 2003.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

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