May 10, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kyle Baker (CRD# 4933282) of First Trust Portfolios, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to appear for on-the-record testimony requested by FINRA in connection with its investigation. According to FINRA BrokerCheck, broker Kyle...
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May 10, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kwame Adusei (CRD# 6166926) of Morgan Stanley, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to comply with an arbitration award or settlement agreement, and to satisfactorily respond to FINRA’s request to provide information. According...
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May 10, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Max Birkinbine (CRD# 6836583) of Ausdal Financial Partners after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $205,000 in investor damages due to recommendations to invest in alternative investments, including GWG L Bonds, Bakkan Drilling Fund III and Bakkan Income Fund. According...
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May 10, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Yin a/k/a Haiguang Yin (CRD# 3249933) of Cetera Investment Services and Packerland Brokerage Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 to $1,000,000 in investor damages due to unsuitable investment recommendations which resulted in losses, misrepresentation of the...
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May 10, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Seth Nannini (CRD# 4406510) of Capital Investment Group after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $497,000 in collective investor damages due to unsuitable investment recommendations to invest in GWG L Bonds. According to FINRA BrokerCheck, broker Seth Nannini is currently...
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May 10, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Olson (CRD# 711256) of Atlantic Financial Advisors, Independent Financial Group, and Innovation Partners after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unsuitable investment recommendations that were not in line with the customer’s investment objectives...
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May 9, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ray Anthony San Pedro (CRD# 4565686) of Fincadia Capital Partners, National Securities Corporation and Arete Wealth Management after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $558,215 in investor damages due to fraudulent and negligent misrepresentation and breach of fiduciary duties. According...
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May 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Luke Alger (CRD# 5387062) of Truist Investment Services and Truist Advisory Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $200,000 in investor damages due to unsuitable recommendations to invest in intermediate and long-term-bond funds. According to FINRA BrokerCheck, broker Luke...
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May 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jason Jodway (CRD# 2998141) of Financial Services of America and Allstate Financial Services following the filing of two customer complaints alleging $148,000 in collective investor damages due to unsuitable recommendations to invest in an oil and gas private placement known as the Explore America Income Fund. According...
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May 3, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Carter (CRD# 6387371) of Carter Financial Group and Pruco Securities/Prudential Financial Planning Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unauthorized trading in several retirement accounts. According to FINRA BrokerCheck, broker Mark Carter...
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May 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Frank Bodi (CRD# 1107838) of Landolt Securities in connection with his termination from the firm, following allegations that violations related to off-channel communications had occurred. Bodi was previously suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) following findings that he effected discretionary...
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May 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Russell Green (CRD# 1391627) of RPG Wealth Management and Cabot Lodge Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $410,000 in investor damages due to Common Law Fraud, Breach of Fiduciary Duties, Violations of FINRA Rules 2010, 2011, and 2360,...
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May 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Micera (CRD# 1255342) of RBC Capital Markets after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,275,000 in investor damages due to recommendations to invest in high risk, illiquid, and high commission/fee structured notes. According to FINRA BrokerCheck, broker John Micera...
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May 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Palatella (CRD# 1492207) of Wells Fargo Advisors and Wells Fargo Clearing Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unsuitable investment recommendations in light of the customer’s investment experience and risk tolerance. According...
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May 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Lilia Nia a/k/a Lilia Niyazova (CRD# 6018019) of Purshe Kaplan Sterling Investments and Key Client Fiduciary Advisors, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that she effected unauthorized transactions in a community bank account, which was...
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May 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Melanie Gilmore (CRD# 4945629) of Wells Fargo Advisors and Wells Fargo Clearing Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unsuitable investment recommendations in light of the customer’s investment experience and risk tolerance. According...
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May 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Philip Van Staden (CRD# 4489166) of Green Vista Capital and Green Vista Asset Management after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $11,285,000 in collective investor damages due to fraud, aiding and abetting a fraud, misrepresentation/omission, breach of fiduciary duty, failure...
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April 29, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Deborah Stackpole (CRD# 4969850) of Stonecrest Capital Markets and Stonecrest Advisors after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $690,000 in collective investor damages due to unsuitable investment recommendations related to GWG L Bonds. One of the customer complaints filed against...
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April 29, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Eric Marshall (CRD# 4767380) of Woodbury Financial Services and Osaic Wealth after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $75,000 in investor damages due to the unsuitable recommendation and sale of an alternative investment, and unauthorized trading in the customer’s bond...
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April 29, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ronald Albers (CRD# 2401383) of Wells Fargo Advisors and Wells Fargo Clearing Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $50,000 in investor damages due to an active trading strategy which caused the customer losses in his account while the...
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April 29, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Douglas Ponczek (CRD# 5843395) of UBS Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $200,000 in investor damages due to unsuitable recommendations to invest in high-yield equities without discussing the risk to the underlying principal. According to FINRA BrokerCheck,...
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April 29, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bradley Lakner (CRD# 4167521) of Lakner Wealth Management and Sunbelt Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,000 in investor damages due to recommendations of an improper investment strategy and unsuitable investments. The complaint further alleges the firm did...
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April 29, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Barbara Leonard (CRD# 4607044) of LPL Financial and HD Vest (now known as Avantax Investment Services) after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $150,357.88 in collective investor damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, broker Barbara Leonard...
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April 26, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jack Thacker (CRD# 2754773) of Center Street Securities and Realta Equities (formerly known as Coastal Equities) after numerous customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging over $2,700,000 in collective investor damages due to unsuitable investment recommendations. Many of the complaints filed relate...
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April 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joe Jackson (CRD# 2351290) of Highland Financial Management and Capital Investment Group after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $485,000 in collective investor damages due to unsuitable recommendations to invest in GWG L Bonds. GWG L bonds were marketed by...
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April 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Thomas Moran (CRD# 709062) of Moran Wealth Management and Wells Fargo Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 in investor damages due to acting contrary to the customers instructions, which resulted in unnecessary tax implications and prevented the...
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April 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jason Mitsuda (CRD# 6718373) of Equitable Advisors, Ameriprise Financial Services, and Cetera Investment Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $499,000 in investor damages due to unsuitable recommendations to invest in Exchange Traded Funds (ETFs). According to FINRA BrokerCheck,...
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April 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Craig Nomberg (CRD# 4293515) of David Lerner Associates and Wells Fargo Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unsuitable recommendations to invest in SOAEX, Spirit of America Fund (NASDAQ: SOAEX). The complaint further...
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April 24, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Franz Koch (CRD# 4467954) of Merrill Lynch and Wells Fargo Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages between $100,000-$500,000 due to unauthorized trading. According to FINRA BrokerCheck, broker Franz Koch was previously registered with Merrill Lynch from...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Dean Jaeger (CRD# 2340121) of Raymond James Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to inappropriate investments. Although the complaint was denied by the firm, investors should be aware that the denial of a customer...
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