August 21, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Reynolds of Pruco Securities and WesBanco Securities (CRD #5976029). According to FINRA BrokerCheck, broker Christopher Reynolds was barred from the securities industry in August 2024 due to allegations of forging customer signatures, making unsuitable investment recommendations, and using unapproved communication methods while employed at Pruco Securities. ...
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August 21, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kushtrim Veseli of JP Morgan Securities (CRD #6410583). According to FINRA BrokerCheck, broker Kushtrim Veseli of JP Morgan Securities has been hit with an investor dispute which alleged that he misrepresented a managed account investment. Although the complaint was denied by the firm, investors should be aware...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jon Urbach of Fidelity Brokerage Services (CRD #5308455). According to FINRA BrokerCheck, broker Jon Urbach of Fidelity Brokerage Services is currently facing an investor dispute filed on July 2, 2024, alleging that he made an improper referral to an unaffiliated advisor, with the investor seeking $426,273 in...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nicholas Tsikitas of Aegis Capital Corp (CRD #2871712). According to FINRA BrokerCheck, broker Nicholas Tsikitas of Aegis Capital Corp is currently facing an investor dispute alleging that he recommended unsuitable investments. The complaint allegedly relates to investments in private placements and alternative investments. Investors that suffered losses...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Luke Schunk of Moloney Securities (CRD #2387553). According to FINRA BrokerCheck, broker Luke Schunk of Moloney Securities is currently facing an investor dispute alleging that he recommended unsuitable investments and engaged in negligence, with the investor seeking $50,000. Investors that suffered losses with broker Luke Schunk are...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Koslofski of Berthel Fisher & Company Financial Services (CRD #3033810). According to FINRA BrokerCheck, broker Kevin Koslofski of Berthel Fisher & Company Financial Services is currently facing an investor dispute alleging $180,000 in damages. The customer alleges that Koslofski made unsuitable investment recommendations and overconcentrated the...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Novack of CFD Investments and Cambridge Investment Research (CRD #1181334). According to FINRA BrokerCheck, William Novack was barred from the securities industry in 2021 following allegations that he declined to appear for testimony after his resignation from CFD Investments. Novack is also currently facing a pending...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tracey Smith of Ameriprise Financial Services (CRD #2668443). According to FINRA BrokerCheck, broker Tracey Smith of Ameriprise Financial Services is facing a pending investor complaint filed in July 2024, alleging she misrepresented the death benefit feature of a RiverSource RAVA 5 Advantage variable annuity, with the customer...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Donald Aulbert of LPL Financial (CRD# 4119911). According to FINRA Brokercheck, broker Donald Aulbert of LPL Financial is facing a customer complaint which alleges that he recommended unsuitable alternative investments, resulting in a decline in the customer’s account value over the past few years. Investors that suffered...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Howard Kaplan of LPL Financial (CRD # 2021501). According to FINRA BrokerCheck, broker Howard Kaplan is currently facing a customer complaint alleging that an investment made in 2014 was unsuitable for their investment objectives and risk tolerance, during his employment at LPL Financial. Kaplan is currently registered...
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ralph Stockemer of Northwestern Mutual Investment Services (CRD #1844056). According to FINRA BrokerCheck, broker Ralph Stockemer of Northwestern Mutual Investment Services is currently facing allegations of aiding and abetting the misappropriation of funds by the account owner’s son and grandson, with the customers seeking $1,000,000 in damages....
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August 20, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jonathan Barter of UBS Financial Services (CRD #2975538). According to FINRA BrokerCheck, Jonathan Barter of UBS Financial Services is currently facing a customer dispute alleging $18,000,000 in investor damages due to allegations of making an unsuitable recommendation to invest in municipal bonds. Investors that suffered losses with...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bradley Bowman (CRD #2898756) of Sovereign Wealth Advisors, LPL Financial, and Cetera Investment Services. According to FINRA BrokerCheck, Bradley Bowman of Sovereign Wealth Advisors LLC is currently facing a pending customer complaint from March 2024 alleging that he recommended unsuitable real estate investments to a now-deceased client...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Cougle of Cadaret Grant & Co. (CRD #2251260). According to FINRA BrokerCheck, Kevin Cougle is currently facing allegations of unauthorized trading in two of an investor’s accounts, with the investor seeking $126,000 in damages. Investors that suffered losses with broker Kevin Cougle are encouraged to contact...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gerry Linarducci of MML Investors Services (CRD #2807047). According to court documents from an SEC complaint, Gerardo Lorenzo Linarducci a/k/a Gerry Linarducci, a former registered representative for MML Investors Services, sold investments in the alleged Ponzi scheme Drive Planning, LLC, and misrepresented investment returns to prospective investors...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating barred broker Steven Musielski of Cambria Capital LLC (CRD #2128821). According to FINRA BrokerCheck, Steven Musielski was barred from the securities industry by FINRA on November 9, 2021, due to his failure to comply with FINRA’s investigation into his potential exercise of discretion without written authorization, excessive trading,...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joe Hirthler of LPL Financial (CRD# 1370229). According to FINRA BrokerCheck record, Michael Joseph Hirthler a/k/a Joe Hirthler of LPL Financial and Jacobi Capital Management is currently facing an investor complaint filed in July 2024 alleging that he failed to follow a customer’s instructions in connection with...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Anthony Martinelli of LPL Financial (CRD #2590758). According to FINRA BrokerCheck, Anthony Martinelli of LPL Financial and Jacobi Capital Management is currently facing an investor complaint filed in July 2024 alleging that he failed to follow a customer’s instructions in connection with options trades, resulting in $3,000,000...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Wilson Kwok of Wells Fargo Clearing Services and Wells Fargo Advisors (CRD #5083791). According to FINRA BrokerCheck, Wilson Kwok is currently facing an investor complaint alleging that he breached his fiduciary duty by misrepresenting and recommending unsuitable investments, resulting in alleged damages over $600,000. Investors that suffered...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Steven McNeilly of American Portfolios Financial Services (CRD #5614719). According to his FINRA BrokerCheck record, broker Steven McNeilly of American Portfolios Financial Services is currently facing an investor dispute for allegedly recommending an unsuitable real estate investment, with the investor seeking $450,000 in damages. Investors that suffered...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Grady of American Trust Investment Services (CRD #1392784). According to FINRA BrokerCheck, Michael Grady is currently facing a pending investor complaint alleging that he recommended an unsuitable investment in GWG Holdings, omitted material facts, failed to conduct due diligence, and violated the SEC’s Regulation Best Interest,...
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August 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tyler Childs of UBS Financial Services (CRD# 6057499). According to his BrokerCheck record, Tyler Childs of UBS Financial Services is currently facing an investor dispute alleging misrepresentation in the handling options trading strategies, negligence, and a breach of fiduciary duty. Investors that suffered losses with broker Tyler...
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August 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Hoye of Ausdal Financial Partners (CRD #3029864). According to FINRA BrokerCheck, Michael Hoye of Ausdal Financial Partners is currently facing an investor dispute alleging violations of the Illinois Consumer Fraud and Deceptive Business Practices Act and negligence, with the investor seeking $280,000. Investors that suffered losses...
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August 14, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stephen Smith (CRD# 2632131) of Cetera Investment Services following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages over $100,000 due to unsuitable recommendations to invest in an unsuitable fixed annuity and an equity indexed annuity. According to...
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August 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Ryan Foster (CRD# 5414840) of InterCarolina Financial Services and Crossroads Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $240,000 in investor damages due to allegations that inappropriate investments were performed for the claimant’s account. The complaint allegedly relates...
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August 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Mason (CRD# 3207386) of LPL Financial, Western Wealth Management, and Voya Financial Advisors, who has been barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he failed to respond to FINRA’s request for information in connection with findings that...
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August 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Kurt Berry (CRD# 4550773) of Regulus Advisors, Vanderbilt Securities and First Advisors National, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he participated in private securities transactions involving oil & gas investments, and involving several...
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August 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tyson Allred (CRD# 3081010) of Members Financial Services, LPL Financial, and U.S. Bancorp Investments Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,529,600 in investor damages due to allegations that the representative made specific assurances that the investments chosen for...
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August 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Marcial Vargas (CRD# 5953263) of Wells Fargo Clearing Services and Ameriprise Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging more than $600,000 in investor damages due to breach of fiduciary duty by recommending unsuitable investments and misrepresenting the nature...
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August 12, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Felipe Colón (CRD# 5462167) of Belpointe Asset Management and LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging up to $500,000 in damages due to investing the customer in unsuitable investments. According to FINRA BrokerCheck, broker Felipe Colón a/k/a Felipe...
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