January 9, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Nole of Paulson Investment Company (CRD #1609191). According to FINRA BrokerCheck, John Nole of Paulson Investment Company is involved in several customer complaints alleging $1,350,000 in collective damages due to misrepresenting GWG Holdings, Inc., GWG L Bonds as safe investments backed by life insurance policies, while...
Read More
January 9, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Peter Robertson (CRD# 1695345) of Lincoln Financial Advisors Corporation and Osaic FA, Inc. According to FINRA BrokerCheck, Peter Robertson of Lincoln Financial Advisors and Osaic FA, Inc. is currently facing two pending customer complaints alleging $3,099,950 in collective investor damages due to unsuitable recommendations regarding oil and...
Read More
January 9, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Dimitry Tikhonov (CRD# 5451809) of Madison Avenue Securities. According to FINRA BrokerCheck, Dimitry Tikhonov of Madison Avenue Securities is facing a customer complaint alleging unsuitable recommendations to invest in alternative investments. The customer is seeking $400,000 in alleged damages. A previous customer complaint filed alleged unsuitable recommendations...
Read More
January 9, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Alex Barron a/k/a Armando Alejandro Barron of IRC Securities (CRD #4394048). According to a FINRA Letter of Acceptance, Waiver, and Consent, Alex Barron, a/k/a Armando Alejandro Barron, formerly of IRC Securities, was suspended for 24 months and fined $50,000 for soliciting 14 investors in 30 unauthorized promissory...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Don Wells (CRD# 1217316), of Titan Securities and Realta Equities Inc. According to FINRA BrokerCheck, Donald Lee Wells a/k/a Don Wells of Titan Securities and Realta Equities, Inc., is facing a pending customer complaint alleging $170,000 in damages due to unsuitable investment recommendations. Investors that suffered losses...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stephanie Lisa Hayes a/k/a Lisa Hayes (CRD #1224647) of Commonwealth Financial Network and Perigon Wealth Management. According to FINRA BrokerCheck, Stephanie Lisa Hayes a/k/a Lisa Hayes, a former registered representative of Commonwealth Financial Network in South Nyack, NY, is facing a customer complaint alleging $2,009,700 in damages...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Alvery Bartlett (CRD #13975), formerly of Aegis Capital, Arete Wealth Management, and Berthel Fisher & Company. According to FINRA BrokerCheck records, Alvery Bartlett, a former financial advisor at Aegis Capital, is currently facing two pending customer complaints alleging $12,000,000 in collective investor damages. The complaints allege misrepresentation...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ryan Caldwell (CRD #6642132) of AIML Trading Partners, and formerly of Morgan Stanley. According to FINRA BrokerCheck, Ryan Caldwell, a former Morgan Stanley broker now with AIML Trading Partners, is facing a pending investor dispute seeking $1,200,000 in investor damages for allegedly making unauthorized options trades. Caldwell...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Justin Roberto of Tesfaye O’Neill Financial, and formerly of MML Investors Services (CRD #7235058). According to FINRA records, Justin Roberto, currently with Tesfaye O’Neill Financial in Alexandria, Virginia, was terminated from MML Financial Services in October 2024 for allegedly failing to follow firm policies regarding unapproved sales...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ian Biggs of Merrill Lynch (CRD #7002430). According to FINRA BrokerCheck records, Ian Biggs of Merrill Lynch is facing a pending customer complaint alleging misrepresentation of an investment and failure to act in the customer’s best interest. Investors that suffered losses with broker Ian Biggs are encouraged...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Barry Bellina of MML Investors Services (CRD #1122429). According to FINRA BrokerCheck records, Barry Bellina of MML Investors Services has been hit with an investor complaint that alleged he recommended variable universal life insurance policies with premium payments that outweighed their benefits during his time at Metropolitan...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Adam Steen (CRD #2231499) of Kestra Investment Services, and formerly of UBS Financial Services. According to FINRA BrokerCheck records, Adam Steen was terminated by UBS Financial Services in November 2024 for violating firm policies by allegedly not being forthcoming about taking instructions from an unauthorized relative on...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Thomas Hamlin (CRD# 2208505) of Somerset Securities, Inc., following the filing of two customer complaints alleging $640,000 in collective investor damages due to unsuitable recommendations to invest in iCap Equities private placement, which has since filed for bankruptcy. Following iCap Equity’s filing for Chapter 11 bankruptcy (No....
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Nelson of Independent Financial Group (CRD #1084135). According to FINRA BrokerCheck, John Nelson, now with Independent Financial Group, was terminated from Wells Fargo Clearing Services in October 2024 for failing to reconfirm client trades, accepting trading instructions from unauthorized third parties, and using off-channel communication systems...
Read More
January 8, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joseph Gibbons (CRD #1060467) of Merrill Lynch. According to FINRA BrokerCheck, Joseph Gibbons of Merrill Lynch is facing a pending customer complaint alleging an unsuitable variable annuity investment recommendation made between April 2011 and November 2024. Investors that suffered losses with broker Joseph Gibbons are encouraged to...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Wrenn Cox a/k/a Wrenn Cox of Ameriprise Financial Services (CRD #5802626). According to FINRA BrokerCheck, Wrenn Cox of Ameriprise Financial Services in Mechanicsville, VA faced a customer complaint which alleged failure to protect a client account from the loss of $200,000 through a fraud scheme in...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Harold Klein a/k/a Hal Klein (CRD #1021759), formerly of NewEdge Securities and LPL Financial. Klein is also reportedly doing business as Pacific Pointe Advisors. According to FINRA BrokerCheck, Hal Klein was suspended for three months and fined $5,000 by FINRA for allegedly falsifying electronic signatures of 58...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Sanford Simmons a/k/a Sandy Simmons (CRD# 1018907) formerly of Patrick Capital Markets and Saxony Securities Inc. According to FINRA BrokerCheck, Sanford “Sandy” Simmons, formerly of Patrick Capital Markets and Saxony Securities Inc., was permanently barred by FINRA after refusing to provide on-the-record testimony in the regulator’s investigation,...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kuldeep Madan of MML Investors Services (CRD #6114646). According to FINRA BrokerCheck, Kuldeep Madan of MML Investors Services is facing a pending customer complaint seeking $1,000,000 in alleged damages for making alleged misrepresentations regarding the risks and benefits of life insurance policies with death benefits exceeding seventeen...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mary Beslagic of Edward Jones. According to FINRA BrokerCheck, Mary Beslagic of Edward Jones was suspended for two months and fined $5,000 by FINRA for recommending that customers invest $220,000 from a home equity loan into mutual funds, which subsequently declined in value and forced the customers...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Lemuel Kornegay (CRD# 1488350) of Money Concepts Capital Corp. According to FINRA BrokerCheck, Lemuel Kornegay of Money Concepts Capital Corp was previously involved in a customer complaint which alleged the customer was charged fees exceeding agreed-upon amounts. Although this dispute was closed, it is important to know...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Wasikonik (CRD# 1199392) of MML Investors Services. According to FINRA BrokerCheck, Mark Wasikonik of MML Investors Services was previously involved in a customer dispute filed on February 22, 2024, alleging investment mismanagement over a 15-20 year period resulting in zero return on a variable annuity investment....
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rebecca Glasgow (CRD# 4720346) of RBC Capital Markets and formerly of UBS Financial Services. .According to FINRA BrokerCheck, Rebecca Glasgow of RBC Capital Markets was previously involved in a customer complaint which alleged failure to act in the client’s best interest by not disclosing fees and making...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker David Kaiser (CRD# 2461995) of Cambridge Investment Research, Inc.. According to FINRA BrokerCheck, David Kaiser of Cambridge Investment Research, Inc. was previously involved in a customer dispute which alleged he made investment recommendations driven by generating high commissions and fees rather than achieving reasonable returns through a...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Tom Manning of Blue Logic Capital. According to the Ohio Division of Securities, Tom Manning of Blue Logic Capital has been charged with 19 counts including unlawful securities practices, grand theft, false representation, and securities fraud for allegedly operating a Ponzi scheme that defrauded Central Ohio investors of...
Read More
January 7, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Lawrence Merl (CRD# 2443190) of David Lerner Associates Inc.. According to FINRA BrokerCheck, Lawrence Merl, a former stockbroker with David Lerner Associates Inc., was suspended by FINRA for making unsuitable investment recommendations to senior customers between 2015-2017, resulting in a six-month suspension, $10,000 fine, and disgorgement of...
Read More
January 6, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rajesh Jyotishi of Dempsey Lord Smith and Shalin Financial Services (CRD #2204676). According to FINRA BrokerCheck, Rajesh Jyotishi of Dempsey Lord Smith, doing business as Shalin Financial Services, is facing a pending customer complaint filed in November 2024 alleging unsuitable investment recommendations, misrepresentation of material facts, and...
Read More
January 6, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Charles Wodrich a/k/a Chip Wodrich of Hornor, Townsend & Kent (CRD #2715728). According to FINRA Public Disclosure, Charles “Chip” Wodrich of Hornor, Townsend & Kent was barred by FINRA in December 2024 for failing to cooperate with the regulator’s investigation into allegations of unsuitable recommendations to a...
Read More
January 6, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeff Wright of Garden State Securities (CRD #2538701). According to FINRA BrokerCheck, Jeff Wright of Garden State Securities in Red Bank, New Jersey is currently facing a pending customer dispute seeking $36,000 in alleged damages due to unauthorized trades and churning investments. Investors that suffered losses with...
Read More
January 6, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ken Judd, formerly of Valkyrie Equities (CRD #7110607). According to FINRA BrokerCheck, Ken Judd of Valkyrie Equities was barred by FINRA after refusing to cooperate with the regulator’s investigation regarding his firm’s allegations that he concealed deferred commissions and potentially colluded with an issuer to prevent the...
Read More
