James A. Seijas Investigation
April 2022- Bloomington, MN
The FINRA records of James A. Seijas , a former financial advisor who was last employed by Wells Fargo Clearing Services, disclose a regulatory event and a pending customer dispute and a prior final customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 11/2021 in FINRA case #2020066137801, Seijas consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation concerning an amendment the firm filed to his Form U5 alleging that he had been named as a defendant in a lawsuit alleging that he misrepresented investments as part of a Ponzi scheme. Seijas was permanently barred in all capacities from FINRA.
In May of 2020, FINRA case #20-01587, which alleged that Seijas recommended investments in a fraudulent hedge fund, was settled for $125,000.
In March of 2020, case #20-CA-002402 was filed in Hillsborough County, Florida in the Circuit of the Thirteenth Judicial Circuit alleging that Seijas misrepresented investments as part of a Ponzi scheme. An unspecified amount of damages is sought in this pending case.
James Seijas was with Wells Fargo Clearing Services from November 2013 until March of 2019.
If you have losses in an account handled by James Seijas contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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