Broker Fraud Attorneys

Former Clients of Ex-Triad Advisors Broker James Walesa Are Seeking Many Millions in Financial Recovery. Broker Fraud Attorneys are involved in the Latest Investor Lawsuit Is Pursuing $34M in Damages

If you suffered losses while working with former Chicago financial advisor James Thaddeus Walesa, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today so that we can help you explore your legal options. Walesa, who was most recently an Arkadios Capital stockbroker (2019 – 2021) and before that, a Triad Advisors financial advisor for 18 years, has numerous customer disputes on his CRD. Many of them are still pending. This includes, most recently, a $34,000,000 FINRA lawsuit that InvestmentNews reports likely was filed against Triad, which was Walesa’s broker-dealer of record at the time that he worked with the claimant. The investor is alleging unsuitable investment recommendations and multiple conflicts of interest. Another investment loss recovery claim involving Walesa was recently settled for over $2M. A  different one, in which the damages sought was $790K, was settled for $4.5M.

Walesa worked 39 years in the securities industry. Now, he has former financial advisor clients accusing him of unsuitability, breach of contract, negligence, breach of fiduciary duty, due diligence failures, misrepresentations and omissions, and more involving alternative investments. These purportedly included real estate deals that he also owned or oversaw. If the latter is true then Walesa acted as both product sponsor and salesperson when selling those investments, which would have been a huge conflict of interest.

Broker-dealers and their registered representatives have a duty to disclose any conflicts of interest, including those that may incentivize them to unsuitably recommend investments and give other bad advice to investors. A failure to disclose such conflicts could be grounds for a broker fraud lawsuit if serious investor losses result.

Even if the brokerage firm was unaware that their financial advisor was engaging in broker misconduct or negligence, you still may be able to hold the firm liable. Broker-dealers have a duty to properly supervise their registered representatives.

How Can Our Skilled Broker Fraud Attorneys Help If You Suffered Losses While Working With Former Triad Advisors James Walesa?

If you contact us today, we can schedule a free, no-obligation case assessment to help you explore your legal options. With over a century’s worth of combined experience in securities law and the securities industry, Shepherd Smith Edwards, and Kantas have represented many alternative investment investors in recouping damages they are owed due to stockbroker misconduct or negligence. Over the years, we have collectively recovered many millions of dollars from broker-dealers and investment advisors on behalf of our clients.

While the allegations against ex-Chicago broker James Walesa appear to be during his time with Triad Advisors, our seasoned financial advisor fraud attorneys have investigated and pursued damages against both Triad and Arkadios on behalf of our clients. When you work with us, you are retaining our entire securities firm to fight for you. Know that we take that responsibility very seriously, which is why we have dedicated our entire law practice to representing investors.

We work with investors nationwide. Call (800) 259-9010 today. We also have a Chicago office you can reach directly at (312) 462-4176.