Have you lost money with Michael Ackerman, and financial advisor James A. Seijas (CRD# 2392901) formerly of Wells Fargo Advisors in Short Hills, New Jersey? We are continuing to look into allegations of former customers related to James Seijas. Seijas’ former business partner, Michael Ackerman, pleaded guilty to fraud related to his involvement in a phony cryptocurrency scam.

In 2020, it was alleged that James Seijas solicited investors to invest in a cryptocurrency called Q3 or Q3 Crypto. Q3 has alleged to have been a Ponzi scheme, according to an action filed in the Middle District of Florida.

James Seijas was a registered representative of Wells Fargo Advisors from 2013 to March 2019. He has worked at branch offices in Short Hills, New Jersey.

Brokerage firms like Wells Fargo Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout New Jersey and Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Wells Fargo Advisors.

View James Seijas BrokerCheck Report

If you lost money with James Seijas, Michael Ackerman, Q3, or Wells Fargo Advisors, please CONTACT ISRAELS & NEUMAN at 720-599-3505 or 206-795-5798 for a free evaluation of your case.