November 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Schlagheck (CRD# 1040673) of Intervest International Equities Corporation and Cape Securities Inc. According to FINRA BrokerCheck, broker John Schlagheck is currently involved in several customer complaints alleging unsuitable recommendations to invest in GWG L Bonds and $1,672,868 in collective investor damages. In April 2022, GWG Holdings,...
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November 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Matt Mitchell (CRD# 4908737) of Bok Financial Securities. According to FINRA BrokerCheck, broker Matthew Mitchell a/k/a Matt Mitchell is currently involved in a customer complaint alleging $300,000 in damages due to the customer’s displeasure with product liquidity, and allegations that they were not informed regarding the risks...
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November 12, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kenneth Maring (CRD# 1500005), formerly of Morgan Stanley and Wells Fargo Clearing Services. According to FINRA BrokerCheck, broker Kenneth Maring, formerly of Morgan Stanley and Wells Fargo Clearing Services, is currently facing a pending customer complaint alleging over $400,000 in damages, due to unsuitable investment recommendations with...
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November 12, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jordan Allen (CRD# 6672861) of Fidelity Brokerage Services. According to FINRA BrokerCheck, broker Jordan Allen has resigned from Fidelity Brokerage Services following allegations related to the execution of trades in a third-party’s account outside the firm. Investors that suffered losses with broker Jordan Allen are encouraged to...
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November 12, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jacob Fournier (CRD# 7442521) of Fidelity Brokerage Services. According to FINRA BrokerCheck, broker Jacob Fournier has been terminated from Fidelity Brokerage Services following allegations related to a joint account with a non-family member and the use of a non-family member’s credentials to access the account. Investors that...
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November 12, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Randy Moshtael (CRD# 1036474) of Oppenheimer & Co. According to FINRA BrokerCheck, broker Randy Moshtael is currently involved in a customer complaint alleging $400,000 in investor damages, in connection with his failure to maintain/handle the customer’s account based on their instructions to not let the value of...
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November 12, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Pragnesh Bhat (CRD# 5769860) of NYLIFE Securities. According to FINRA BrokerCheck, broker Pragnesh Bhat is currently involved in a customer complaint alleging unsuitable recommendations to invest in a variable annuity investment, with the customer seeking $615,240 in damages. Investors that suffered losses with broker Pragnesh Bhat are...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Evan Katz (CRD# 5848403) of Alternative Asset Investment Management Securities, BA Securities, and Stonehaven, LLC. According to FINRA BrokerCheck, financial advisor Evan Katz has been sanctioned by the Securities and Exchange Commission (“SEC”) for allegedly providing investors with forged audit reports related to the Crawford Ventures Absolute...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Daniel Diaz (CRD# 6871968) of PHX Financial. According to FINRA BrokerCheck, financial advisor Daniel Diaz is involved in a customer complaint alleging that he recommended unsuitable private equity investments. Diaz is registered with PHX Financial in New York, NY. Investors that suffered losses with broker Daniel Diaz...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Betsy Whipple (CRD# 2703262) of Newbridge Securities and Osaic Wealth. According to FINRA BrokerCheck, broker Betsy Whipple is currently involved in several customer complaints alleging unsuitable recommendations to invest in GWG L Bonds and $250,000 in collective investor damages. Investors that suffered losses with broker Betsy Whipple...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Simone Garofalo (CRD# 7025823) of Cambridge International Securities. According to FINRA BrokerCheck, Simone Garofalo has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) in connection with FINRA’s findings that he engaged in securities activities with and for persons in the United...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Pavelko (CRD# 6347352) of NI Advisors. According to FINRA BrokerCheck, broker Brian Pavelko of NI Advisors is currently being investigated by the Financial Industry Regulatory Authority (“FINRA”) for alleged violations of FINRA Rules 8210 and 2010 for making material misrepresentations and omissions and engaging in a...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kelln Small (CRD# 4370485) of First Financial Securities of America. According to FINRA BrokerCheck, broker Kelln Small has been barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) in connection with FINRA’s investigation into Small’s alleged forgery and falsification of certain customers’ insurance...
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November 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Baris “Barry” Cabalar (CRD# 4749342) of PHX Financial. According to FINRA BrokerCheck, financial advisor Barry Cabalar is involved in a civil complaint by the Securities and Exchange Commission (“SEC”) for allegedly recommending a costly, high-volume trading strategy, resulting in significant customer losses exceeding $1 million in collective...
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November 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Doug Dulac of United Planners’ Financial Services (CRD# 1411702). According to FINRA BrokerCheck, broker Doug Dulac of United Planners’ Financial Services is involved in a customer complaint alleging $215,000 in damages due to unsuitable investment recommendations, breach of fiduciary duty, and breach of contract. Investors that suffered...
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November 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kimson Cao (CRD# 4357783) of Edward Jones. According to FINRA BrokerCheck, broker Kimson Cao has been terminated from Edward Jones following allegations of his failure to timely notify the Firm after receiving indications of a client’s potential diminished capacity. Cao is currently registered with San Blas Securities...
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November 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Vincent Fuchs (CRD# 6602274) of Steward Partners Investments Solutions and Raymond James Financial Services. According to FINRA BrokerCheck, Vincent Fuchs has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) in connection with FINRA’s findings that he participated in an OBA (“Outside...
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November 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Elan Sanker (CRD# 5580543) of Merrill Lynch. According to FINRA BrokerCheck, broker Elan Sanker has been barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) in connection with FINRA’s investigation into a Form U5 submitted by his member firm, which disclosed that Sanker...
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November 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Kennedy (CRD# 2321416) of Cambridge Investment Research and formerly of Lincoln Financial Advisors. According to FINRA BrokerCheck, broker Brian Kennedy is currently involved in several customer complaints alleging unsuitable recommendations to invest in oil & gas investments and $150,000 in collective investor damages. Investors that suffered...
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November 7, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fred Chen (CRD# 5766069) of Emerson Equity. According to FINRA BrokerCheck, Emerson Equity broker Fred Chen is involved in several customer complaints alleging $500,000 in collective investor damages. The complaints allege breach of fiduciary duty, negligence, and violation of the SEC’s Regulation BI. Two of the pending...
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November 7, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Thaddaeus Allen (CRD# 644772) of Smith, Moore, & Co., and formerly of Edward Jones. According to FINRA BrokerCheck, former Edward Jones broker Thaddaeus Allen is involved in a customer complaint alleging $172,000 in damages and that the client’s funds were removed from his account to purchase gold...
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November 7, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jason Lamb (CRD# 3248356) of Center Street Securities and Arete Wealth Management. According to FINRA BrokerCheck, broker Jason Lamb is currently involved in several customer complaints alleging unsuitable investment recommendations and $870,000 in collective investor damages. Several of the complaints filed allegedly relate to recommendations to invest...
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November 7, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Janete Rivera-Michel (CRD# 5754050) of PFS Investments. According to FINRA BrokerCheck, broker Janete Rivera-Michel of PFS Investments is currently involved in a customer complaint seeking $1,900,000 in damages, alleging that an unsuitable investment recommendation underperformed the market. The complaint allegedly relates to recommendations to invest in a...
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November 7, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Romano (CRD# 734293) of Center Street Securities and Arete Wealth Management. According to FINRA BrokerCheck, broker Michael Romano is currently involved in several customer complaints alleging unsuitable investment recommendations and over $3,000,000 in collective investor damages. Several of the complaints filed allegedly relate to recommendations to...
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November 7, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Micah Rayner (CRD# 6252596) of Center Street Securities and Arete Wealth Management. According to FINRA BrokerCheck, broker Micah Rayner is currently involved in several customer complaints alleging unsuitable investment recommendations and over $1,000,000 in collective investor damages. Several of the complaints filed allegedly relate to recommendations to...
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November 6, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Conrad Corcoran (CRD# 1009857) of Centaurus Financial. According to FINRA BrokerCheck, broker Conrad Corcoran of Centaurus Financial is currently involved in several customer complaints alleging unsuitable investment recommendations. One of the complaints filed alleges Corcoran recommended unsuitable, complex, high-risk, illiquid investments and breached his fiduciary duty. A...
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November 6, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Melissa Spangler (CRD# 4795404) of Merrill Lynch. According to FINRA BrokerCheck, broker Melissa Spangler of Merrill Lynch is currently facing a pending complaint alleging that she assisted in opening accounts, facilitated unauthorized transfers, and failed to act on fiduciary misconduct and fraud. Spangler is currently registered with...
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November 6, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fridtjov Markussen (CRD# 4323396) of AMJ Financial Wealth Management and Osaic Wealth. According to FINRA BrokerCheck, broker Fridtjov Markussen of AMJ Financial Wealth Management is currently involved in a customer complaint seeking $150,000 in damages, alleging that the portfolio of investments recommended was not in keeping with...
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November 6, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeremy Burch (CRD# ) of Merrill Lynch, and formerly of Wells Fargo Advisors and Wells Fargo Clearing Services. According to FINRA BrokerCheck, broker Jeremy Burch resigned from Wells Fargo on September 26, 2024, following allegations that the firm was reviewing concerns involving the advisor’s use of off-channel...
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November 6, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Sherwin Sargeant (CRD# 5096798) of PlanMember Securities Corporation. According to FINRA BrokerCheck, broker Sherwin Sargeant resigned from PlanMember Securities on June 15, 2023 following allegations that the firm discovered reference to an undisclosed business activity during an email review. Sergeant was then barred by FINRA (AWC No....
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