Jim Jinkook Seol was named a respondent in a FINRA complaint alleging that he engaged in unapproved outside business activities and participated in private securities transactions or selling away.
/Furgison Law Group investigates claims against Jim Jinkook Seol and Ameriprise Financial Services, Inc., for selling away
The securities fraud lawyers at Furgison Law Group are currently investigating claims against Jim Jinkook Seol (CRD #2876279, Lake Forest, California) and Ameriprise Financial Services, Inc.. The arbitration specialists at Furgison Law Group are investigating claims involving allegations of selling away, breach of fiduciary duty, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct.
FINRA Complaint
The complaint alleges that Seol formed an outside corporation as its president and CEO, and through the corporation, solicited investments totaling $100 million from foreign customers in a limited partnership that he also formed to serve as a qualifying investment facility under United States Citizenship Immigration Services’ EB-5 Program.
According to FINRA BrokerCheck, Seol was terminated by Ameriprise on May 28, for violation of company policy related to undisclosed outside business activity.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Jim Jinkook Seol or Ameriprise Financial Services, Inc., please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.