National investment loss lawyers KlaymanToskes is investigating broker Nathan Adams (CRD# 5703267) of Allen & Advisors and LPL Financial, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he improperly emailed a spreadsheet containing the personal information of approximately 2,300 customers to a family member’s personal email account and to a contact at his prospective new firm. The sanctions follow the dismissal of four felony charges against Adams related to the same allegations.
According to FINRA BrokerCheck, Nathan Adams a/k/a Nathaniel Walter Adams was reportedly doing business as Allen & Advisors, and was previously registered with Infinex Investments from 2016 to 2022 in Lake Wales, FL. Adams was also registered with LPL Financial from July 2022 until October 2022, when LPL filed a Uniform Termination Notice for Securities Industry Registration (Form U5) terminating Adams’s registration because he “[f]ailed to adhere to onboarding requirements concerning customer information maintained at former broker-dealer.”
FINRA’s investigation found that in June 2022, Adams allegedly downloaded nonpublic personal information from Infinex’s systems into a spreadsheet which contained, among other things, the names, addresses, social security numbers and birthdates for approximately 2,300 customers; including customers that Adams did not service. After Adams resigned from Infinex in July 2022, the firm allegedly discovered the email and spreadsheet, which contained Infinex customers’ nonpublic personal information, and informed LPL Financial of its discovery.
Investors that suffered losses with broker Nathan Adams are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Nathan Adams:
If you suffered losses with broker Nathan Adams, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Nathan Adams. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
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.
According to FINRA, brokerage firms such as Allen & Company/LPL Financial are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case 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 Nathan Adams, or have concerns regarding your investment portfolio at Allen & Company and/or LPL Financial, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.