WASHINGTON — The Financial Industry Regulatory Authority (FINRA) announced today that a FINRA hearing panel barred an Irvine, California-based registered representative, Jim Seol, for participating in private securities transactions, engaging in undisclosed outside business activities, and for making misrepresentations to his employer in compliance questionnaires. The hearing panel found that Seol sold $100 million in EB-5 investments promoted through his private business, Western Regional Center Incorporated (WRCI), yet failed to disclose this activity to his employing firm.
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