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Raymond James Advisor William Seibert: Complaint Settles for $897K
Houma, Louisiana financial advisor William Seibert (CRD# 2710335) recently received an investor complaint alleging he recommended unsuitable oil and gas products. Financial Industry Regulatory Authority records show that the Raymond James & Associates broker has also received an investor complaint that recently settled for more than $800,000.
Mr. Seibert’s BrokerCheck report discloses two investor complaints. The most recent, filed in January 2023, alleges that as a representative of Raymond James & Associates, he recommended “unsuitable and purportedly high-risk oil and gas investments.” The pending complaint alleges unspecified damages estimated to exceed $5,000.
An earlier investor complaint, filed in 2020, alleged that while he was a Raymond James & Associates representative, he recommended unsuitable oil and gas products, “engaged in reverse churning,” and failed to disclose the use of margin in a customer’s account. In October 2022 the complaint reached a settlement of $897,500.
According to the Financial Industry Regulatory Authority, William Seibert holds 26 years of securities industry experience. Based in Houma, Louisiana, he has been a broker and an investment advisor with Raymond James & Associates since 2013. His past registrations include Morgan Keegan & Company (Houma, Louisiana; 2005-2013), Wells Fargo Investments (San Francisco, California; 2001-2005) Wells Fargo Brokerage Services (Minneapolis, Minnesota; 2001-2002), Pritchard Capital Partners (Covington, Louisiana; 2001), and Bank United Securities (Houston, Texas; 1996-2001). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 48 state licenses. (Information current as of January 29, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.