July 26, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bill Horak (CRD# 1462594) of Purshe Kaplan Sterling Investments and Wealth Management Corporation, after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $359,000 in collective investor damages due to unsuitable recommendations to invest in GWG L Bonds. In April 2022, GWG Holdings,...
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July 26, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cara Miller (CRD# 4521819) of Proequities, Inc. and Mariner Wealth after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $300,000 in investor damages due to unsuitable recommendations to invest in an alternative investment. The complaint allegedly relates to an Oil & Gas...
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July 26, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Bloom (CRD# 6933619) of Avantax Investment Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $160,000 in investor damages due to the purchase of unsuitable investments. The complaint allegedly relates to investments in structured notes. According to FINRA BrokerCheck, broker...
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July 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Todd Coates (CRD# 2453725) of LPL Financial, Investment Centers of America, and Securities America, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $125,000 in investor damages due to unsuitable recommendations to invest in a real estate security. According to FINRA...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Hugo Hernandez (CRD# 6446187) of MML Investors Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $23,000 in investor damages due to unsuitable recommendations to invest in an alternative investment. The customer complaint alleges that on/or about January 29, 2024, the...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Devita (CRD# 1865964) of Ausdal Financial Partners after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $25,000 in investor damages due to violation of Illinois securities law, violation of regulation best interest, breach of fiduciary duty, negligence and negligent supervision. The...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Taubman (CRD# 4809824) of Ameriprise Financial Services, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he borrowed $62,500 from two senior customers, without prior notice to or written approval from his member firm. FINRA’s investigation...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Avery (CRD# 4706653) of IBN Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $633,000 in investor damages due to failure to supervise the activities of a registered representative during their period of association with the firm. According to...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Timothy Evans (CRD# 6259284) of IBN Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $633,000 in investor damages due to failure to supervise the activities of a registered representative during their period of association with the firm. According to...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Gutwein (CRD# 2904262) of MML Investors Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $350,000 in investor damages due to unsuitable recommendations to invest in Whole Life Policies and an Alternative Investment/Limited Partnership. According to FINRA BrokerCheck, broker Kevin...
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July 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tracy Longstreet (CRD# 1768525) of UBS Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 to $5,000,000 in investor damages due to ongoing theft from the customer’s accounts, and that the customer’s IRA beneficiaries were improperly changed to personally...
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July 23, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Beh (CRD# 1500962) of Frontier Solutions and MMX Global Partners, who is being investigated by the Financial Industry Regulatory Authority (“FINRA”) following allegations related to the disclosure of an outside business activity. FINRA’s Department of Enforcement is currently investigating Beh to determine whether violations have occurred....
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July 23, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tammie Farrell (CRD# 2475931) of Capital Investment Group, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $357,000 in collective investor damages due to unsuitable recommendations to invest in GWG L Bonds. The complaint further alleges violations of federal securities laws; violation...
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July 23, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Kuttler (CRD# 1425746) of RNR Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to recommendations of illiquid investments and unsuitable investment strategies. According to FINRA BrokerCheck, broker Mark Kuttler is currently registered with RNR Securities in...
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July 23, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mike Shatsky (CRD# 2430683) of Sky Alpha Asset Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $788,000 in investor damages due to failure to accurately represent all material facts about the customer’s investment account and failure to not reasonably manage...
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July 23, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jordan Awoye (CRD# 6600772) of Awoye Capital and Equitable Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $310,000 in investor damages in connection with the customer’s account being closed and their funds being transferred to an outside account without the...
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July 23, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Alex Paredes-Malaga (CRD# 7191576) of Merrill Lynch after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $750,000 in investor damages due to misrepresentation, unsuitable recommendations and failure to act in the client’s best interest. According to FINRA BrokerCheck, broker Alex Paredes-Malaga is...
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July 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Susan Morse (CRD# 1129465) of UBS Financial Services and Morgan Stanley after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $50,000 in investor damages due to unsuitable recommendations to invest in an annuity investment. According to FINRA BrokerCheck, broker Susan Morse is...
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July 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Abelardo Riera (CRD# 2514172) of Merrill Lynch after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to misrepresentation. According to FINRA BrokerCheck, broker Abelardo Riera is currently registered with Merrill Lynch in New York, NY. Investors that suffered losses...
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July 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Maxwell Bull (CRD# 4693211) of Morgan Stanley after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $10,000 in damages due to failure to follow the customer’s instructions to purchase additional REITs in his account. Although the complaint was denied by the firm,...
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July 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Amir Barar (CRD# 3105445) of Raymond James Financial Services and Purshe Kaplan Sterling Investments after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $161,705 in investor damages due to violations of the Financial Advisors Act and Regulation Best Interest by purchasing certain...
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July 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Todd Anderson (CRD# 1896352) of Cetera Advisors and Benchmark Investments, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) following allegations that he refused to provide information and documents requested by FINRA, in connection with the regulator’s investigation into...
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July 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Gassoso (CRD# 2590007) of National Securities Corporation and B. Riley Wealth Management, following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unsuitable recommendations and mismanagement of the customer’s assets. The complaint allegedly relates to...
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July 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cynthia Giovacchino (CRD# 3274194) of LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to unsuitable investment recommendations and misrepresentation of non-traded REIT and structured notes. Giovacchino has previously been hit with 9 additional customer complaints, of...
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July 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Chad Bridgers (CRD# 2475641) of Cabot Lodge Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $400,000 in damages due to breaches of fiduciary duty, negligence, duty to supervise, regulation best interest, and violations of various FINRA Rules regarding the purchase...
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July 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rich Gibson (CRD# 5352063) of Purshe Kaplan Sterling Investments and Global View Capital Management, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,160,000 in investor damages due to misrepresentation and negligence. The customers further allege that their investments in 4 different...
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July 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Laura Casey (CRD# 2684465) of Morgan Stanley, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that she incurred nearly $38,000 in unnecessary commissions for four customers by placing trades in their brokerage accounts rather than advisory accounts. ...
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July 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Chris Abeyta (CRD# 6403098) of Accelerated Wealth Advisors and RFG Advisory, following the filing of several customer complaints with the Financial Industry Regulatory Authority (“FINRA”), alleging over $1,662,834 in collective investor damages. Many of the customer complaints filed allege that the fixed annuity investments they were...
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July 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mike Kilpatrick (CRD# 1278618) of Centaurus Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $150,000 in investor damages due to unsuitable recommendations to invest in high-risk, illiquid investments, and breach of fiduciary duty. According to FINRA BrokerCheck, broker Mike Kilpatrick...
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July 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gregory Cousins (CRD# 2150397) of Morgan Stanley after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $231,414 in damages due to failure to follow the customer’s instructions to purchase 300 shares of NVIDIA Corp from February through May 2023. Although the complaint...
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