William Colin Seibert, of Houma, Louisiana, a stockbroker registered with Raymond James Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Seibert made unsuitable recommendations of stocks when Seibert was associated with Raymond James Associates Inc. FINRA Arbitration No. 23-00114 (January 11, 2023).
FINRA Public Disclosure shows that Seibert is referenced in four other customer initiated investment related disputes concerning Seibert’s conduct while associated with securities broker dealers, including Morgan Keegan Company Inc. On November 1, 2007, a customer filed an investment related complaint involving Seibert’s conduct in which the customer requested compensation based upon allegations that Seibert engaged in unauthorized trading in mutual funds during the time that Seibert was associated with Morgan Keegan Company Inc. This complaint was closed without a resolution.
On September 19, 2008, another customer filed an investment related complaint involving Seibert’s conduct in which the customer requested compensation based upon allegations that Seibert made unsuitable recommendations of mutual funds when Seibert was associated with Morgan Keegan Company Inc. This complaint was closed without a resolution.
Seibert is also referenced in a customer initiated investment related complaint filed on October 31, 2008, in which the customer requested $19,575.00 in damages based upon allegations that Seibert made misrepresentations of material fact in connection with the sale of variable annuities. This complaint was closed without a resolution.
On October 4, 2022, a customer initiated investment related FINRA securities arbitration claim involving Seibert’s conduct was settled for $897,500.00 in damages based upon allegations that Seibert made omissions of material fact and made unsuitable recommendations of stocks during the time that Seibert was associated with Raymond James Associates Inc. FINRA Arbitration No. 20-04216.
Seibert has been associated with Raymond James Associates Inc. as a stockbroker and as an investment advisor representative since February 13, 2013.
