April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fernando Corcuchia (CRD# 5394734) of NYLife Securities, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to provide on-the-record testimony requested by FINRA in connection to its investigation into the circumstances giving rise to a Form...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker David McMillen (CRD# 1198070) of Foundation Financial Group and Crown Capital Securities 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 alternative investments. The complaint further alleges breach of fiduciary duty...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kelley Slaught (CRD# 1126586) of Centaurus Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,000 in investor damages due to unsuitable recommendations to invest in a high-risk, illiquid investment, and breach of fiduciary duty. According to FINRA BrokerCheck, broker Kelley...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Daniel Kistler (CRD# 6203300) of Dempsey Lord Smith after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,001 in investor damages due to failure to conduct reasonable due diligence and unsuitable recommendations to invest in a high-risk investment. According to FINRA BrokerCheck,...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Barry Dow (CRD# 4827935) of Dempsey Lord Smith after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,001 in investor damages due to failure to conduct reasonable due diligence and unsuitable recommendations to invest in a high-risk investment. According to FINRA BrokerCheck,...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Sam Jacobs (CRD# 2243093) of Key Investment Group and LaSalle St. Securities following allegations of high-risk investment recommendations. Broker Sam Jacobs is currently registered with Key Investment Group and LaSalle St. Securities in Winter Park, FL. Investors that suffered losses with broker Sam Jacobs are encouraged to...
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Martin Klein (CRD# 1778613) of RBC Capital Markets after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”) alleging $34,000,000 in collective investor damages due to unsuitable recommendations to purchase governmental agency bonds and misinformation regarding their potential risk related to rising interest rates....
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April 22, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gihan Raphael Fernando (CRD# 4469669) of Bok Financial Securities and Cetera Investment Services after 35 customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”). Fernando is currently facing two pending customer complaints which allege $197,854 in collective investor damages due to misrepresentations involving certain features...
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April 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Logan Cox (CRD# 6927720) of Arete Wealth Management after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $205,000 in investor damages due to unsuitable recommendations to invest in alternative investments. According to FINRA BrokerCheck, broker Logan Cox is currently registered with Arete...
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April 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeffrey Goldman (CRD# 2493183) of Chapin Davis after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $77,696 in investor damages due to unsuitable recommendations to invest in two Structured Product Notes. According to FINRA BrokerCheck, broker Jeffrey Goldman is currently registered with...
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April 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cynthia Beyerlein (CRD# 4320421) of Ameriprise Financial Services and Kingswood Capital Partners, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that she borrowed approximately $190,000 from a member firm customer without providing prior written notice to, or...
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April 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Matthew Steinberg (CRD# 2430032) of Oppenheimer & Co. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,500,000 in investor damages due to failure to supervise, breach of fiduciary duty, breach of contract, fraud, and violations of FINRA Rules relating to investments...
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April 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Debbie Biosca (CRD# 4584010) of Arkadios Capital and Triad Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $34,000,000 in investor damages due to a scheme perpetuated by another former Triad registered representative. Biosca is also currently facing a second pending...
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April 19, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Damon Mapes (CRD# 4011748) of Banner Investment Services and LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $250,000 in investor damages due to unsuitable recommendations to invest in alternative investments. The complaint relates to REIT investments and further alleges...
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April 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joel Freedman (CRD# 1260557) of Morgan Stanley in connection with his termination from the firm, following allegations of unauthorized exercise of discretion in a customer account and failure to timely escalate that customer’s complaint. According to FINRA BrokerCheck, broker Joel Freedman was registered with Morgan Stanley from...
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April 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Beck (CRD# 6665794) of Comerica Securities and Ameriprise Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $149,476 in investor damages due to an investment recommendation that was unsuitable based upon the customer’s investment profile. The customer further alleges...
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April 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Dreier (CRD# 2462344) of Cambridge Investment Research and Transamerica Financial Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $268,000 in investor damages in connection with negligence in recommending that clients should use illiquid REITs for their retirement portfolio. The...
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April 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Lord (CRD# 1352023) of Dempsey Lord Smith after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $140,000 in investor damages due to breach of written contract pursuant to the customer agreements, breach of fiduciary duty, negligence, misrepresentations and omissions. According to...
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April 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Christopher Weeks (CRD# 5463406) of Creative Planning after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $800,000 in investor damages due to breach of fiduciary duty, negligence, and violations of the Kansas Securities Act for options trading. According to FINRA BrokerCheck,...
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April 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brent Fuchs (CRD# 4269916) of Heritage Financial Consultants and Lincoln Financial Advisors Corporation after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $975,000 in collective investor damages due to unsuitable recommendations to invest in oil & gas investments. According to FINRA BrokerCheck,...
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April 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Young (CRD# 3242751) of Classic, LLC and Aurora Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $130,000 in investor damages due to negligence, gross negligence, breach of fiduciary duty, breach of contract, fraud, negligent misrepresentations, negligent supervision, and violations...
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April 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Juan Carlos Villalobos (CRD# 4810602) of Money Concepts Capital Corp. after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $452,000 in collective investor damages due to unsuitable investment recommendations. One of the customer complaints filed against Juan Villalobos alleges $300,000 in damages...
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April 17, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker David Janny (CRD# 1272727) of Morgan Stanley and Ameriprise Financial Services after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $5,500,000 in collective investor damages due to excessive trading and unauthorized trading. According to FINRA BrokerCheck, broker David Janny was previously registered...
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Corello (CRD# 1407750) of Janney Montgomery Scott after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to unsuitable recommendations to invest in Closed End Funds. Although the complaint was denied by the firm, investors should be aware that...
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Billy Aycock (CRD# 4069907) of Aycock Wealth Management and Center Street Securities after numerous customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $4,798,371 in collective investor damages due to unsuitable investment recommendations. One of the complaints filed against Aycock alleges unsuitable recommendations to...
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Bailey (CRD# 1490570) of Charles Schwab & Co. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to poor advice by implementing a strategy that is inconsistent with how the funds are supposed to be used....
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Thomas Cavaliere (CRD# 4435562) of LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $300,000 in investor damages due to unsuitable investment recommendations. The complaint allegedly relates to investments in a real estate security. According to FINRA BrokerCheck, broker Thomas...
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Paul Trimber (CRD# 2765260) of Wells Fargo Clearing Services, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to provide information and documents requested by FINRA in connection to its investigation into whether he converted a...
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Everett (CRD# 1250585) of First Allied Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,000 in investor damages due to unsuitable recommendations to invest in alternative investments and overconcentration. The complaint allegedly relates to investments in a real estate...
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April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cataldo Panici (CRD# 2112617) of Wintrust Investments after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $355,000 in investor damages due to unsuitable recommendations to invest in Non-Traded REITs including Northstar and Griffin Capital REITs. The complaint further alleges Panici stated that...
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