Advisor Alert: Our Attorneys Are Investigating William Colin Seibert For Investment Fraud
Did You Lose Money Because of William Seibert?
Filed: March 18, 2024
William Seibert currently has one (1) pending customer complaint. Overall, he has been the subject of ive (5) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on William Colin Seibert.
Who Is William Colin Seibert of Raymond James & Associates, Inc.?
- Advisor Name: William Colin Seibert
- Aliases: William Seibert
- CRD: 2710335
- Location: Houma, Louisiana
- Current Employer: Raymond James & Associates, Inc.
- Previous Firms: Morgan Keegan & Company, Inc. and Wells Fargo Investments, LLC
- Number of Known Customer Complaints: 5
- Can William Seibert Be Sued: Yes, in Private Arbitration
- Can William Seibert’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $4,209,000
- Highest Settlement: $1,022,500
If you have suffered investment losses by William Seibert, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against William Seibert For Broker Misconduct
As of this publication date, William Seibert has been the subject of 5 customer disputes. Let’s review them below.
In January 2023, a FINRA arbitration was filed against or in reference to William Seibert by multiple customers of Raymond James & Associates, Inc. alleging that Mr. Seibert recommended they invest heavily in unsuitable and purportedly high-risk oil and gas investments. As of this publication date, this claim remains pending.
In January 2021, a FINRA arbitration was filed against or in reference to William Seibert by multiple customers of Raymond James & Associates, Inc. alleging that Mr. Seibert recommended unsuitable investments, primarily in oil and gas securities; several claimants alleged that Mr. Seibert engaged in reverse churning; and one claimant alleges that Mr. Seibert failed to disclose margin use in claimant’s account. Per the customers, they lost over $4,209,000 because of Mr. Seibert’s actions. On August 21, 2023, Mr. Seibert settled the claim for $1,022,500, and some or all of this amount may have been paid by Mr. Seibert’s employer and/or insurance carrier.
In October 2008, a complaint was filed against or in reference to William Seibert by a customer of Morgan Keegan & Company, Inc. alleging misrepresentation of features of variable annuity purchased in July 2007. Per the customer, he/she lost over $19,575 because of Mr. Seibert’s actions.
In September 2008, a complaint was filed against or in reference to William Seibert by a customer of Morgan Keegan & Company, Inc. alleging that Mr. Seibert placed the client’s money in an investment that was unsuitable to his needs and requests at the time of the purchase. The customer wanted a short-term, principal-safe product, but was instead placed into front-end load bond funds.
In November 2007, a complaint was filed against or in reference to William Seibert by a customer of Morgan Keegan & Company, Inc. alleging unauthorized purchase of a bond mutual fund.
How To File A Claim Against William Seibert of Raymond James & Associates, Inc. (previously with Morgan Keegan & Company, Inc. and Wells Fargo Investments, LLC) To Get Your Money Back
If you have questions about William Seibert, Raymond James & Associates, Inc., Morgan Keegan & Company, Inc., Wells Fargo Investments, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.