James Blaszyk Involved in $400,000 Suitability Dispute

James Blaszyk (CRD# 5364851[1]), a broker registered with Wells Fargo, recommended unsuitable investments, according to an investor dispute. MDF Law[2] is currently investigating the Boynton Beach-based financial professional for similar conduct. If you have concerns about your accounts, contact us for a free, confidential consultation. 

To learn more about the allegations against Mr. Blaszyk, continue reading this post. The information below derives from his BrokerCheck profile, a Financial Industry Regulatory Authority (FINRA) record accessed on December 20, 2023. 

Pending Dispute Alleges Unsuitable Recommendations

On November 20, 2023, an investor lodged a dispute against Mr. Blaszyk. Filed with FINRA, the dispute alleges that he made unsuitable investment recommendations involving “miscellaneous” products. The claim, which remains pending, seeks $400,000 in damages.

Past Dispute Alleged “Undisclosed and Excessive Sales Charges”

The above-describe pending dispute is not the only one in Mr. Blaszyk’s past. On February 20, 2019, another investor filed a dispute alleging that he misrepresented mutual fund investments. More specifically, the claimant alleged that he said the investments “were guaranteed a fixed rate of return” and that the principal was not at risk. In addition, the allegations described “undisclosed and excessive sales charges” stemming from the investment. Later that year, his member firm settled the dispute for $4,000.

Blaszyk Denied Allegations

Mr. Blaszyk issued a “Broker Comment” regarding the above-described settled dispute. In this statement, he wrote that the customer received proper advice “as to her investments and was provided with numerous opportunities to either sell or cancel trades at no loss.” He described the settlement as a business decision by the firm, adding that he “did not contribute” to it. 

FINRA: James Blaszyk Based in Boynton Beach, Florida

James Blaszyk started his career as a broker in 2007. That year, he joined Ameriprise Financial Services’ office in Miami, Florida. Later that year, he left Ameriprise for Wells Fargo Clearing Services’ office in Boynton Beach, Florida. He has remained at Wells Fargo since, according to his BrokerCheck profile. With 15 years of experience as a broker, he has completed one state securities law exam and two general industry/products exams. 

MDF Law Advocates for Investors

If you are a current or former client of James Blaszyk with concerns about your investments, call MDF Law for a free consultation. If you suffered losses in your account, you may be able to pursue a recovery through the FINRA arbitration process—especially if any of the following conditions apply:

• You lost more money than you could afford to;
• Your accounts were concentrated in one investment or sector;
• Your investments involved risks you did not know about or fully understand;
• Transactions in your account led to undisclosed fees or charges.

MDF Law’s seasoned investor advocates take cases on a contingency basis, meaning we only receive a fee when our clients win. Call 800-767-8040 to speak with our team today.