James Walesa: FINRA Files Complaint Against Ex-Arkadios Advisor

Former Park Ridge, Illinois financial advisor James Walesa (CRD# 1061209) was recently named respondent in a complaint alleging that he violated industry rules. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with Arkadios Capital, having previously been registered with Triad Advisors.

A complaint (No. 2023080442901) describes FINRA’s disciplinary proceeding against Mr. Walesa. Filed in August 2025, it alleges that he refused to comply with an investigation into his potential participation in private securities transactions while registered as a representative of Arkadios Capital. The alleged transactions involved a “highly speculative, private placement in AIU Alternative Care Inc., (now known as Clearday Inc.) which sold senior care products and offered residential care and adult daily care services. According to the complaint, he had disclosed his involvement was the company as an outside business activity, though he had represented that his role as the company’s chairman “was not investment related.” When FINRA requested that he provide information and testimony with regard to the matter, he allegedly indicated via counsel that he would not comply with the requests. The pending complaint alleges that his refusal violates FINRA Rules 8210 and 2010.

Mr. Walesa’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in 2023, alleges that as a representative of Arkadios Capital, he recommended unsuitable alternative investments, resulting in the customer investing “a significant portion of his life savings in… fraudulent companies.” The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2024, similarly alleges that as a representative of Triad Advisors, he recommended unsuitable alternative investments. The pending complaint alleges damages of $100,000.

A third investor complaint, filed in May 2024, alleges that he recommended unsuitable investments in “businesses for which he also served in positions of ownership, operation, or direction.” The pending complaint alleges damages of $5 million.

A fourth investor complaint, filed in 2024, alleges that as a representative of Triad Advisors and Arkadios Capital, he recommended unsuitable investments in business where he was involved in a position of ownership, operation, or direction. The pending complaint alleges damages of at least $34 million.

According to the Financial Industry Regulatory Authority, James Walesa holds 39 years of securities industry experience. Most recently based in Park Ridge, Illinois, he has been recently registered as a broker with Arkadios Capital. His past registrations include Triad Advisors, London Pacific Advisors, Royal Alliance Associates, Koegler Morgan & Company, Derand/Pennington/Bass, Mesa Securities Corporation, and First Investors Corporation. He is no longer registered as a broker or as an investment advisor. (Information current as of August 10, 2025.)

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