William Seibert Investigation
March 2023-Houma, LA
According to publicly available records William Colin Seibert, a Raymond James & Associates, Inc. broker, discloses a $897,500 settlement payment and a pending 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 FINRA case #20-04216, a Raymond James & Associates, Inc., customer alleged that Seibert had recommended unsuitable investments, primarily in oil and gas securities, that Seibert had engaged in reverse churning and that he had failed to disclose margin use in claimant’s account. The case was settled for $897,500 in 10/2022.
In FINRA case #23-00114, a Raymond James & Associates, Inc., customer seeks an unspecified amount of damages and alleges that Seibert recommended they invest heavily in unsuitable and high-risk oil and gas investments. This case is still pending.
Seibert has been employed with Raymond James & Associates, Inc. since 2/2013.
If you had an account with William Seibert that suffered losses, you may be entitled to collect damages from his employer. Call to discuss your options.
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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