Richard Seefried Has Been the Subject of a Regulatory Sanction

Richard Seefried

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 9, 2018 indicate that former Colorado-based Spencer Edwards broker Richard Seefried has been sanctioned by FINRA in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Seefried (CRD# 1062447).

Richard Seefried has spent 35 years in the securities industry and was most recently registered with Spencer Edwards in Centennial, Colorado (2013-2017). Previous registrations include GVC Capital in Spokane, Washington (2007-2013); Paulson Investment Company in Spokane, Washington (2002-2006); JP Turner & Company in Atlanta, Georgia (2002); Schneider Securities in Denver, Colorado (2001-2002); Global Capital Securities Corporation in Englewood, Colorado (1991-2001); RCL Northwest (1984-1991); Dean Witter Reynolds (1982-1984); and Dillon Securities (1982-1983). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 8, 1983; Series 7 (General Securities Representative Examination), which he obtained on May 15, 1982; and Series 24 (General Securities Principal Examination), which he obtained on April 7, 1990. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received regulatory sanctions and a customer complaint.

In December 2017 FINRA sanctioned him in connection to allegations he recommended convertible notes purchases without any reasonable basis to believe they were suitable for any investor. He was issued a 30-day suspension and ordered to pay a fine of $10,000 as well as disgorgement of $13,600.

In 2009 FINRA sanctioned him in connection to allegations he exercised discretionary power without prior written authorization from the customer or his firm’s acceptance of the account as discretionary. FINRA also found he “knowingly provided false information to his employer firm” when he completed its registered representative compliance summary and submitted or caused to be submitted a new issue certification though he knew the customer’s signature on it was not genuine. He was issued a 3-month suspension.

In 2005 a customer alleged Richard Seefried, while employed at Paulson Investment Company, solicited investments in a company that is now in dissolution, though he provided assurances it was “to the point of success,” and conducted trades without the customer’s knowledge or permission. The complaint settled for $9,500.

If you or someone you know has lost money investing with Richard Seefried, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.