Jim Jinkook Seol— Outside Business Activities and Participated in Private Securities Transactions
Jim 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 Jason Kane 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 Wolf Carr & Kane 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 Jason Kane 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 Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.