(CRD #1061209, Park Ridge, Illinois)

August 8, 2025 – James Thaddeus Walesa was named a respondent in a FINRA complaint alleging that he failed to produce documents and information requested by FINRA as part of its investigation into the circumstances surrounding allegations made in a Statement of Claim against Walesa and his member firm, including whether Walesa committed sales practice violations and participated in undisclosed private securities transactions while he was registered with the firm. The complaint alleges that the Statement of Claim stated, among other things, that three weeks before a senior customer passed away, Walesa recommended that the customer, through a family trust, invest $200,000 in a highly speculative, private placement in a company that sold senior care products and offered residential care and adult daily care services. The Statement of Claim further alleged that after the customer’s passing, the customer’s daughter became the successor trustee of the trust, and Walesa later recommended that the daughter invest another $100,000 from the trust into the same private placement. The Statement of Claim further alleged that the total investment had become worthless. Walesa had disclosed his involvement with the company as an outside business activity (OBA) in the Central Registration Depository (CRD). In his CRD disclosure, Walesa represented that his role as the chairman of the company, which he described as a healthcare and wellness company, was not investment related. The complaint also alleges that Walesa failed to appear for and provide on-the-record testimony requested by FINRA in connection with its investigation. As a result, FINRA was unable to obtain Walsea’s testimony regarding, among other things, his activities with the company, his recommendations to the customer, the daughter, and other customers, and his activities with respect to other investments. (FINRA Case #2023080442901) If you have suffered losses as a result of James Thaddeus Walesa's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by James Thaddeus Walesa . The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6707 or email Matthew Schwartz directly at mschwartz@tslfirm.com.