Jim Jinkook Seol— Outside Business Activities and Participated in Private Securities Transactions

investment fraud attorney ClevelandJim Jinkook Seol Allegedly Engaged in Outside Business Activities and Participated in Private Securities Transactions

Jim Jinkook Seol, from September 21, 2011 through June 4, 2014, allegedly engaged in outside business activities and participated in private securities transactions without providing prior written notice to, or receiving written approval from Ameriprise Financial Services, Inc., according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Jim Jinkook Seol, specifically in September 2011, while associated with Ameriprise, allegedly formed Western Regional Center, Inc. (WRCI), a California corporation, and purportedly served as President and CEO, said Complaint notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Jim Jinkook Seol’s alleged outside business activities and private securities transactions.

Jim Jinkook Seol, through Western Regional Center, Inc. (WRCI), Allegedly Solicited Investments in California Energy Investment Fund I, LP (CEIFI),  a Limited Partnership Formed by Seol, to Serve as a Qualifying Investment Facility Sponsored by the United States Citizenship and Immigration Services

Jim Jinkook Seol, through WRCI, allegedly solicited investments in California Energy Investment Fund I, LP (CEIFI), a limited partnership formed by Seol, to serve as a qualifying investment facility under a program sponsored by the United States Citizenship and Immigration Services, according to the aforementioned Complaint being examined by attorneys Alan Rosca and James Booker.

Seol’s selling efforts allegedly led to 200 foreign nationals ultimately investing a total of $100 million in CEIFI, said Complaint notes.

Jim Jinkook Seol Seol‘s alleged participation in the aforementioned private securities transactions included making presentations to, and entering into agreements with, foreign migration companies and law firms that helped him identify potential investors, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged outside business activities and participation in private securities transactions, and are currently investigating Jim Jinkook Seol‘s participation in outside business activities and private securities transactions.  They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Jim Jinkook Seol‘s participation in outside business activities and private securities transactions are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.