According to a recent article in InvestmentNews by Bruce Kelly, former registered representative, JAMES THADDEUS WALESA (JAMES T WALESA, JIM WALESA) is at the center of investor complaints seeking millions of dollars in damages. Walesa was recently sued by FINRA, which InvestmentNews calls “the first step in the advisor being barred from the securities industry.” Walesa was registered at Triad Advisors of Park Ridge, Illinois, from 2000 to 2019 and then Arkadios Capital of Park Ridge, Illinois, for two years before leaving the industry in 2021.
Soreide Law Group has successfully handled claims involving JAMES T WALESA and clearbridge
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JAMES T WALESA had 39 years of experience in the securities industry and was listed with 8 firms. Walesa is not currently registered with any firm.
JAMES T WALESA has 17 disclosures on his FINRA CRD report, 14 disclosures are “Customer Disputes.” The significance of Walesa’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, JAMES T WALESA’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
On 2/5/2024, there is a pending “Customer Dispute” that was filed against Walesa with the following allegations, “It is alleged that the financial professional was involved in unsuitable recommendations for investment in businesses for which he also served in positions of ownership, operation or direction.” The damage amount requested is $34,000,000.00.
Another pending “Customer Dispute” dated 5/31/2024, filed against JAMES T WALESA, is requesting $5,000,000.00 in damages. The allegations are, “It is alleged that the financial professional was involved in unsuitable recommendations for investment in businesses for which he also served in positions of ownership, operation or direction.”
According to the InvestmentNews article, FINRA’s complaint filed against Walesa on Friday, August 8, 2025, with FINRA’s internal Office of Hearing Officers, alleges that JAMES T WALESA in 2020 recommended that an 85-years-old client invest $200,000.00 from the family trust in the highly speculative Clearday. This client passed away three weeks later, then Walesa recommended the client’s daughter invest $100,000.00 from the family trust into Clearday, which was previously called AIU Alternative Care Inc., according to FINRA. The family in 2023 then filed a lawsuit, or statement of claim, alleging the investment in Clearday was worthless. Walesa disclosed his role with the company as CEO and chairman of the senior care technology company, Clearday Inc, according to the article.
InvestmentNews states that in November of 2023, FINRA’s staff began its inquiries into the family’s complaint involving JAMES T WALESA, including whether he committed sales practice violations and participated in undisclosed private securities transactions while he was registered with Arkadios Capital, according to the FINRA complaint.
Soreide Law Group has successfully handled claims involving JAMES T WALESA and Clearday.
Soreide Law Group posted the following article on our blog November 16, 2023:
Triad, Arkadios Investors Complain About James Walesa - Securities Lawyer
To discuss this article or any other securities issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com