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James Szeszulski Racks Up Two Suitability Disputes in 2021

James Szeszulski (CRD #:4851221), a registered broker with Money Concepts Capital, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 8, 2021. He is also a registered investment advisor with Money Concepts Advisory Service.

Investor Allegations

On August 9, 2021, an investor filed a dispute against James Szeszulski, alleging he made unsuitable recommendations. Other allegations were made against him including material misrepresentations, omissions, and violation of fiduciary duty. The damage amount requested is $52,000. The case is still pending

FINRA Rules 2020, 2111, and 2010

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020  makes it illegal for brokerage firms and stockbrokers to make any material misrepresentations of facts when selling investments. The Securities Act of 1933 also specifically prohibits deceitful, fraudulent practices in connection with sales.

FINRA Rule 2111 – Suitability

FINRA Rule 2111 requires that brokers recommend suitable investments. In general, suitability can be determined from an investor’s individual profile, which includes information on the investor’s risk tolerance and financial goals.

James Szeszulski’s alleged conduct is also unethical and violates FINRA Rule 2010, which states the brokers must uphold the highest standards of commercial honor.

Older Investment Dispute

On January 29, 2021, James Szeszulski was also involved in another investor dispute. According to the investor, he allegedly recommended an unsuitable non-traded REIT. The investor sought $35,000; the dispute settled for $10,000. Non-traded REITS are especially risky investments and are not suitable for most investors. 

James Szeszulski Background Information

James Szeszulski has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He is a registered broker in nine states and is a registered investment advisor in Kentucky.

Other than Money Concepts Capital and Money Concepts Advisory Service, James Szeszulski has not worked with any other firm.non

Kurta Law Can Help

If you have worked with James Szeszulski and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.