Nex Systems
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James Eugene Holmes III

Regulator action

United States. Named in 1 sanctions listing.

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Sanctions and listings1

  • Official designation

    Financial Industry Regulatory AuthorityUS FINRA Enforcement ActionsUnited States

    11/24/2025: Between October and December 2021, Holmes recommended options transactions to a customer without having a reasonable basis to conclude that the transactions would be in the customer’s best interest or suitable based on her investment profile. Accordingly, Holmes violated FINRA Rules 2360(b)(19) and 2010, and willfully violated Regulation Best Interest. In August 2020, Holmes submitted account information for the same customer to his employer firm that inaccurately stated her financial circumstances, investment experience, and investment objectives, in violation of FINRA Rules 4511 and 2010. Finally, between January 2023 and September 2024, Holmes exercised discretion without prior written authorization in at least five customers’ accounts to effect at least 250 trades, in violation of FINRA Rules 3260(b) and 2010. For this conduct, Holmes is suspended for eight months in all capacities and fined $10,000.

    Reference 2022075386201data-portal.finra.orgfinra.org

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