Erez Law is currently investigating former Triad Advisors LLC broker James Walesa (CRD# 1061209), who is accused of recommending unsuitable alternative investments. He was registered with Arkadios Capital in Park Ridge, Illinois, from 2019 to 2021. Previously, he was registered with Triad Advisors LLC in Park Ridge, Illinois, from 2000 to 2019.
Public records indicate that he had a 39-year securities industry career. In 2021, he left the firm to become CEO and chairman of Clearday Inc., a senior care technology company.
It is alleged that he recommended the following alternative investments:
- AIU Alternative Care Preferred Stock
- AIU Clearday Operations, Inc. Series A
- Allied Integral AIU Hill Country
- Allied Integral United
- Allied Integral United, Series A Pfd Stock
- Cibolo Creek Partners LLC
- Citadel Exploration Inc.
- Clearday Inc.
- Clearday Operations, Inc. Series A
- Clearday Operations, Inc. Series F Pfd Stk
- Cross Mill
- Farm to Market Development Partners I
- Gadsden Growth Properties
- Helotes
- Hill Country Partners, LP
- Longhorn Lodging Partners LP
- Memory Care America
- Roundrock Development Partners LP
- Shadow Retail Partners LP
- Stockdale
- Trident Healthcare Properties
FINRA staff in November 2023 began its inquiries into the family’s complaint involving Walesa, including whether he committed sales practice violations and participated in undisclosed private securities transactions while he was registered with Arkadios, according to the complaint.
In August 2025, FINRA sued him related to allegedly recommending an elderly client invest $200,000 from a family trust in Clearday Inc., a highly speculative technology company. Public records indicate that the client passed away three weeks after the investment was made. It is alleged that he later recommended the deceased client’s daughter invest $100,000 from the family trust into Clearday, then called AIU Alternative Care Inc.
FINRA reported that the broker disclosed his role with Clearday, then called AIU Alternative Care Inc., as CEO and chairman.
The deceased client’s family filed a statement of claim, which alleged the investment in Clearday was “worthless.”
James Walesa Customer Complaints
He has been the subject of eight customer complaints between 2013 and 2023, according to his CRD report. The most recent complaints are regarding:
December 2025. “It is alleged that the financial professional was involved in unsuitable recommendations.”The customer is seeking $800,000 in damages. The complaint was regaring private placement losses, and it took place while he was registered with Arkadios Capital.
October 2025. “Customers allege REIT purchased in 2019 was misrepresented and unsuitable.” The customer is seeking $80,000 in damages.
October 2025. “Alleges unsuitable product.” The customer is seeking $80,000 in damages. The complaint was regarding real esate security losses, and it took place while he was registered with Triad Advisors LLC.
September 2025. “Alleges unsuitable product.” The customer is seeking $80,000 in damages. The complaint took place while he was registered with Arkadios Capital, and it was regarding non-traded PFDs and REITs.
August 2025. “Unsuitable recommendations from 2016 to present.” The customer is seeking $5,000,000 in damages.
November 2024. “Unsuitable recommendations, Claimant is 49 years old and works as a farmer. At the instruction of Respondent’s representatives, he invested a significant portion of his life savings in their fraudulent companies.”
July 2024. “Violation of FINRA, SEC, state and federal regulations alleged with regard to investment related activities of representative.” The customer is seeking $5,000 in damages. The complaint was regarding direct investment losses, and it took place while he was registered with Triad Advisors LLC.
May 2024. “It is alleged that the financial professional was involved in unsuitable recommendations for investment in businesses for which he also served in positions of ownership, operation or direction.” The customer is seeking $5,000,000 in damages. The complaint was regarding real estate security losses, and it took place while he was registered with Triad Advisors LLC.
May 2024. “Unsuitable recommendations in alternative investments.” The customer is seeking $100,000 in damages. The complaint was regarding direct investment losses, and it took place while he was registered with Triad Advisors LLC.
December 2023. “It is alleged that the financial professional was involved in unsuitable recommendations for investment in businesses for which he also served in positions of ownership, operation or direction.” The customer sought $5,000 in damages, and the case was settled for $9,750,000. The complaint was regarding real estate securities, and it took place while he was registered with Triad Advisors LLC.
November 2023. “Unsuitable.” The customer sought $300,000 in damages, and the case was settled for $100,000. The complaint was regarding alternative investments, and it took place while he was registered with Arkadios Capital
April 2023. “Breach of contract, violation of securities statutes, negligence, and breach of fiduciary duty alleged in relation to a number of alternative investments.” The customer sought $500,000 in damages, and the case was settled for $85,000. The complaint was regarding direct investments and real estate securities, and it took place while he was registered with Triad Advisors LLC.
March 2023. “It is alleged that the financial professional was involved in unsuitable recommendations for investment in businesses for which he also served in positions of ownership, operation or direction.” The customer sought $5,000,000 in damages, and the case was settled for $2,057,145.89. The complaint was regarding direct investments, and it took place while he was registered with Triad Advisors LLC.
March 2023. “Unsuitable products.” The customer sought $500,000 in damages, and the case was settled for $155,000. The complaint was regarding real estate investment trusts (REITs), and it took place while he was registered with Arkadios Capital.
April 2022. “Claimants allege unsuitable recommendations, failure to conduct due diligence, misrepresentation and omission of material facts with regard to the sale of alternative investments.” The customer sought $790,000 in damages, and the case was settled for $4,500,000. The complaint was regarding alternative investments, and it took place while he was registered with Triad Advisors LLC.
March 2022. “Lost funds during 2010 to present.” The customer is seeking $175,000 in damages, and the case is currently pending. The complaint was regarding direct investments, and it took place while he was registered with Triad Advisors LLC.
July 2021. “Claimant alleges that the representative recommended an investment that was unsuitable.” The customer sought $200,000 in damages, and the case was settled for $20,000. The complaint was regarding equity funds, and it took place while he was registered with Triad Advisors LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Triad Advisors LLC may be liable for investment or other losses suffered by James Walesa’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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