← Broker database 2026-03-25
James Edward McArthur Suspended for Failure to Comply with FINRA Arbitration Award
According to FINRA, James Edward McArthur (CRD #2797856) of Mount Sinai, New York, was suspended from association with any FINRA member in all capacities pursuant to FINRA Rule Series 9554 for failure to comply with an arbitration award or related settlement. The suspension became effective on March 25, 2026, under FINRA Arbitration Case #24-01085.
FINRA Rule Series 9554 establishes a clear and direct consequence for securities industry professionals who fail to honor arbitration awards issued through FINRA's Dispute Resolution Services: suspension from all activities requiring FINRA registration until the obligation is fulfilled.
FINRA arbitration is a binding dispute resolution process. When a panel of arbitrators — or the parties themselves through a negotiated settlement — determines that an investor is owed compensation, that determination carries the force of a legally binding obligation. Brokers and firms are required to pay arbitration awards, and failure to do so is treated as a direct violation of FINRA rules with immediate professional consequences.
Notably, FINRA Arbitration Case #24-01085 is referenced in connection with both McArthur and Vincent Jerome Camarda, who was also suspended effective March 25, 2026. This suggests both individuals were subject to the same arbitration proceeding, a circumstance that may indicate multiple respondents were found liable in a single customer claim.
For investors, the existence of a pending or unsatisfied arbitration award against a broker is material information. It can indicate that the broker has been found liable for investor harm and has not made the affected investor whole. FINRA BrokerCheck discloses information about arbitration awards, including their amounts and payment status, giving investors the ability to conduct meaningful background checks on any broker.
Investors who have won arbitration awards should promptly follow up on payment and contact FINRA if the award goes unpaid beyond the required payment deadline.