Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against:
ARKADIOS CAPITAL and their former registered representative, JAMES T WALESA (Respondents).
The Claimant is representing a trust and living in Nevada. The lawsuit alleges that ARKADIOS CAPITAL broker, JAMES T WALESA, recommended $200,000.00 to be invested into a speculative private placement, AIU Alternative Care, Inc., also known as “Clearday,” which allegedly sold senior care products and offered residential care and adult daily care services. Another $100,000.00 was added to the initial investment at a later date. According to the lawsuit, JAMES T WALESA presented it as a risk free investment. WALESA allegedly told the Claimant that the stock could not drop below $10 per share. This investment later proved to be worthless.
The lawsuit claims that the Respondents allegedly over-concentrated $300,000.00 of the Claimants life savings. The lawsuit is alleging; negligence, breach of fiduciary duty, and negligent supervision.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JAMES T WALESA has been in the securities industry for 39 years and was listed as a broker with 8 firms. He is currently not registered. Walesa was with ARKADIOS CAPITAL from 09/04/2019 - 12/17/2021. Walesa has 8 disclosures on his FINRA CRD report, 7 are “Customer Disputes.” The significance of JAMES T WALESA's customer complaints 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 three or more customer complaints. In other words WALESA’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
If you’ve suffered investment losses due to the actions or recommendations of ARKADIOS CAPITAL and/or their former registered representative, JAMES T WALESA, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration 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.
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