July 30, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Alicia Hinojosa (CRD# 2964653) formerly of Merrill Lynch. Alicia Hinojosa is currently registered as a broker with Safra Securities in New York, NY. According to FINRA BrokerCheck, broker Alicia Hinjosa is facing an investor complaint alleging $1,800,000 in damages. An additional, previous customer complaint alleged unauthorized trading...
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July 30, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues to investigate broker Lorraine Gallette (CRD# 6192487) of Coastal Equities, Inc., and Gallette Financial as the number of customer complaints filed with the Financial Industry Regulatory Authority (“FINRA”) rises to 12. KlaymanToskes is currently representing customers of financial advisors Lorraine and Ray Gallette. According to FINRA BrokerCheck, Lorraine Marie...
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July 29, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Timothy Brown (CRD# 1663519) formerly of Emerson Equity and Newbridge Securities, following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-01453), alleging investor damages of up to $500,000 due to unsuitable recommendations to invest in GWG L Bonds. ...
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July 29, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Roderick Rodriguez (CRD# 2680445) of Osaic Institutions, following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-01454), alleging investor damages of $160,000 due to unsuitable recommendations to invest in National Healthcare Properties Inc. and Peakstone Realty Trust REIT. ...
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July 29, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues to investigate broker Ray Gallette (CRD#3041923) formerly of Realta Equities (formerly known as Coastal Equities) and Gallette Financial following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-01423), alleging investor damages up to $500,000 due to unsuitable recommendations to invest...
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July 29, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kim Kunz (CRD# 718618) formerly of WestPark Capital, following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-01390), alleging investor damages of $60,000 due to unsuitable recommendations to invest in GWG L Bonds. Broker Kim Kunz was suspended...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Gardiner (CRD# 3268932) formerly of Cabot Lodge Securities and Coastal Equities. Gardiner is currently associated with Vanderbilt Securities. According to FINRA BrokerCheck, broker Brian Gardiner formerly of Cabot Lodge Securities is facing an investor complaint alleging $210,000 in damages. The customers allege violations of Common Law...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Kirk Klein (CRD# 2260326) of Koss-Olinger Consulting and formerly of Valmark Securities. According to the SEC’s AdviserInfo, investment advisor Kirk Klein is currently involved in a customer complaint alleging $1,000,000 in investor damages. The complaint alleges a series of investments and loan guarantees are the sources...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Vincent Dotterweich of Ameriprise Financial Services (CRD# 2267494). According to FINRA BrokerCheck, broker Vincent Dotterweich of Ameriprise Financial is facing a pending investor complaint alleging $2,194,871 in damages. The customer alleges that his advisor assisted his wife in opening individual and joint financial accounts in the customer’s...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nicholas Buttler (CRD# 7080008) of Spartan Capital Securities. According to FINRA BrokerCheck, broker Nicholas Buttler of Spartan Capital Securities is currently involved in a customer complaint alleging $200,000 in damages. The complaint further alleges unsuitable trading activity, unauthorized transactions, and excessive commissions. Investors that suffered losses with...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nicholas Ruch (CRD# 6502251) of UBS Financial Services Inc. According to FINRA BrokerCheck, broker Nicholas Ruch, of UBS Financial Services Inc. is currently facing a customer complaint alleging $3,233,690 in damages. The complaint alleges failure to identify and escalate red flag issues associated with financial exploitation and...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Derek Johnson (CRD# 2922680) of Morgan Stanley. According to FINRA BrokerCheck, broker Derek Johnson of Morgan Stanley is currently involved in a customer complaint alleging $750,000 in damages due to unsuitability with respect to equity investments. Investors that suffered losses with broker Derek Johnson are encouraged to...
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July 24, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jay Spieler (CRD# 1072642) of Oppenheimer & Co. According to FINRA BrokerCheck, broker Jay Spieler is currently involved in a customer complaint alleging $300,000 in investor damages due an ill-timed liquidation of an investment and claims for breach of fiduciary duty, fraud and negligence. Investors that suffered...
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July 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gregory McLeod (CRD# 1271500) of Newbridge Securities, following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-01354), alleging investor damages of $500,000 due to unsuitable recommendations to invest in GWG L Bonds and Prospect Capital Corp. According to...
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July 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Braun a/k/a Bill Braun (CRD# 1271500) formerly of National Securities Corporation (now known as B.Riley Wealth), following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-01240), alleging investor damages of $150,000 due to unsuitable recommendations to invest...
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July 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating barred broker Eric Dupre (CRD# 2174456) of Ameriprise Financial Services, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $3,011,476 in investor damages and that Dupre stole money from clients, made cryptocurrency investments, and made unsuitable investment recommendations. Dupre was permanently barred as...
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July 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tim Clairmont (CRD# 2847591) of Cetera Wealth Services, following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Case No. 25-01282), alleging investor damages of $100,000 due to unsuitable recommendations to invest in Madison Realty Aspen House DST. According to FINRA...
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July 15, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Coyle (CRD# 2435184) of Morgan Stanley. According to FINRA BrokerCheck, broker John Coyle of Morgan Stanley is currently involved in a customer complaint alleging $2,023,505 in damages due to unsuitable recommendations to open Liquidity Asset Lines. Investors that suffered losses with broker John Coyle are encouraged...
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July 15, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ralph Jackson (CRD# 1569213) formerly of Morgan Stanley. According to FINRA BrokerCheck, broker Ralph Jackson has been terminated by Morgan Stanley following allegations that he participated in undisclosed and unapproved financial transactions involving clients and third parties. Additionally, Jackson is under investigation by the U.S. Securities and...
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July 15, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brent Nelson (CRD# 3026585) of StoneX Securities. According to FINRA BrokerCheck, broker Brent Nelson of StoneX Securities is currently involved in a customer complaint alleging $180,000 in damages due to sales of high-commission, complex, risky alternative investments and illiquid investment products causing a significant decrease in the...
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July 15, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Ollinger Smith (CRD# 1047265) of Morgan Stanley. According to FINRA BrokerCheck, broker Christopher Ollinger Smith of Morgan Stanley is currently involved in a customer complaint alleging $757,751 in damages due to unsuitability with respect to sale transactions executed in an elderly client’s account in order to...
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July 15, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Douglas Licari (CRD# 1081503) of MML Investors Services. According to FINRA BrokerCheck, broker Douglas Licari of MML Investors Services is involved in a customer dispute alleging $200,000 in investor damages and unsuitable recommendations to invest in alternative investments. Investors that suffered losses with broker Douglas Licari are...
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July 15, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Alex King (CRD# 5842211) of PHX Financial. According to FINRA BrokerCheck, broker Alex King is involved in a customer complaint alleging $500,000 in damages due to misrepresentation, negligent behavior and breach of fiduciary duties. The complaint allegedly relates to recommendations to invest in private placement investments. Investors...
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July 11, 2025 | Broker / Advisor Investigation
Terry Sloan Thompson (CRD# 2588490), a former broker with Truist Investment Services, has been named in over 39 investor complaints, with at least 33 resulting in financial settlements totaling more than $5.5 million, according to FINRA BrokerCheck. These disputes span from 2022 to 2025, with the vast majority occurring in 2024 and 2025—and more allegations...
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July 10, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Aubrey Parker of Wells Fargo Advisors and Wells Fargo Clearing Services (CRD# 2454088). According to FINRA BrokerCheck, Aubrey Parker of Wells Fargo Clearing Services and Wells Fargo Advisors is facing a customer complaint alleging approximately $140,000 in estimated damages, in connection with unsuitable trades into speculative preferred...
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July 10, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Rudio (CRD# 6322313) formerly of LPL Financial. Broker Michael Rudio is currently associated with Purshe Kaplan Sterling Investments. According to FINRA BrokerCheck, broker Michael Rudio is currently involved in a customer complaint alleging unsuitable recommendations to invest in structured products and breach of fiduciary duty. Investors...
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July 10, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeffrey Bangerter (CRD# 1687028) of Concorde Investment Services. According to FINRA BrokerCheck, broker Jeffrey Bangerter of Concorde Investment Services is facing a customer complaint alleging $300,000 in damages due to unsuitable recommendations to invest in DPP& LP Interest investments. Investors that suffered losses with broker Jeffrey Bangerter...
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July 10, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Walter Schram (CRD# 1728096) formerly of UBS Financial Services Inc. Schram is currently registered as a broker and investment advisor with Ameriprise Financial Services. According to FINRA BrokerCheck, broker Walter Schram, formerly of UBS Financial Services Inc. is currently facing a customer complaint alleging $300,000 in damages...
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July 10, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Lanny Howarter (CRD# 813591) formerly of Crown Capital Securities. According to FINRA BrokerCheck, broker Lanny Howarter, formerly of Crown Capital Securities, is facing a customer complaint alleging $325,000 in investor damages due to unsuitable recommendations to invest in alternative investments, including oil&gas securities. Investors that suffered losses...
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July 10, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Chadwick Watson (CRD# 2183286) formerly of Lincoln Financial Advisors (now known as Osaic FA). Watson is currently registered as a broker and investment advisor with LPL Financial. According to FINRA BrokerCheck, broker Chadwick Watson is currently involved in several customer complaints alleging unsuitable recommendations to invest in...
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