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Broker Misconduct Investigation: Johnathan Sawaged (B. Riley Wealth Management)

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Updated on: June 3, 2025

National investment loss lawyers KlaymanToskes is investigating barred broker Johnathan Sawaged (CRD# 7061837) formerly of B. Riley Wealth Management and Quint Investments and Insurance.

According to FINRA BrokerCheck, broker Johnathan Sawaged has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) due to findings that he refused to appear for on-the-record testimony requested by FINRA in connection to its investigation of allegations made by his member firm on a Form U5 Filing.

Sawaged was terminated from B. Riley Wealth Management in September 2024 following allegations related to the inappropriate handling of client payments while working for an affiliated Tax Services entity. Sawaged was also previously registered as an investment advisor with Quint Investments and Insurance in Poughkeepsie, NY.

Investors that suffered losses with broker Johnathan Sawaged are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Johnathan Sawaged?

Investment Losses with Broker Johnathan Sawaged?

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Broker Johnathan Sawaged Barred by FINRA

Financial advisor Johnathan Sawaged has been barred by FINRA and terminated from B. Riley Wealth Management in connection with allegations of the inappropriate handling of client payments while he was working for an affiliated Tax Services entity. On May 14th, 2025, Sawaged was permanently barred in all capacities by FINRA. By refusing to appear for on-the-record testimony as requested pursuant to FINRA Rule 8210, Sawaged violated FINRA Rules 8210 and 2010. According to the SEC’s AdvisorInfo, Johnathan Sawaged was previously registered as an investment advisor with Quint Investments and Insurance from September 2024 to May 2025, in Poughkeepsie, NY.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Johnathan Sawaged, or have concerns regarding your investment portfolio at B. Riley Wealth Management, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.