April 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Javier Reyes Colon (CRD# 3014365) of Arkadios Wealth Advisors and Arkadios Capital after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $15,000,000 in investor damages due to unsuitable recommendations to invest in an insurance product. According to FINRA BrokerCheck, broker Javier Reyes...
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April 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Hume (CRD# 2894512) of Moloney Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $135,000 in investor damages due to unsuitable investment recommendations and negligence. According to FINRA BrokerCheck, broker Scott Hume is currently registered with Moloney Securities in Bellingham,...
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April 8, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Fisher (CRD# 4056114) of Ameriprise Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 in investor damages due to unsuitable investment recommendations and unauthorized trades. According to FINRA BrokerCheck, broker Michael Fisher is currently registered with Ameriprise Financial...
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April 4, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Watkins (CRD# 2376887) of Watkins Financial Services, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he charged customers more than a fair commission on equity transactions by failing to consider all factors relevant to the...
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April 4, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Andre Krause (CRD# 4060322) of The Investment Center, Inc., who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he mismarked 1,555 order tickets as unsolicited when he had solicited the trades. Krause’s mismarking of the order tickets...
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April 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Eric Diamond (CRD# 1602991) of Fidelity Brokerage Services after a complaint by an institutional investor was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $25,000,000 in damages due to failure to disclose that fixed income mutual funds could lose principal and that its investments in several...
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April 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Martin Lerner (CRD# 871038) of David Lerner Associates, who is being investigated by the Financial Industry Regulatory Authority (“FINRA”) for failing to reasonably supervise sales of Energy 11, L.P., and Energy 12, L.P., in addition to recommending investments in Energy 11, L.P., and Energy 12, L.P. to...
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April 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Thomas Geissler (CRD# 2962412) of Ameritas Investment Company after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 in investor damages due to unsuitable recommendations to invest in high-risk fixed annuities. According to FINRA BrokerCheck, broker Thomas Geissler is currently registered with...
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April 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rick Acker (CRD# 3061037) of Centaurus Financial 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 various illiquid alternative investments. According to FINRA BrokerCheck, broker Rick Acker a/k/a Richard Glenn Acker...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Jones (CRD# 4203098) of Cambridge Investment Research, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his alleged participation in two private securities transactions, totaling $100,000, without providing prior written notice to his firm. According to FINRA BrokerCheck,...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jae Hun Kim (CRD# 4620963) of E1 Asset Management, 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 the circumstances giving rise...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Paasch (CRD# 2213833) of MML Investors Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,100,000 in investor damages due to failure to sell and transfer assets as instructed by the customer, and later transferring money that had been in...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Steven Flahive (CRD# 2674387) of Wells Fargo Clearing Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $517,499 in investor damages in connection with an agreement with the customers on commissions to be charged which ceased being followed without the consent...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Howard Raff (CRD# 4307069) of Grove Point Investments after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging that nine customers of the firm suffered $300,000 in collective investor damages due to unsuitable recommendations to invest in NorthStar Healthcare Income REIT. The complaint...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Daniel (CRD# 802333) of Grove Point Investments after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging that nine customers of the firm suffered $300,000 in collective investor damages due to unsuitable recommendations to invest in NorthStar Healthcare Income REIT. The complaint...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Forrest James (CRD# 1263114) of Irvine Advisors and Emerson Equity, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $444,000 in investor damages due to misrepresentation of unsuitable investments. The customer complaint allegedly relates to recommendations to invest in a Delaware Statutory...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ran Regev (CRD# 5469190) of Sagepoint Financial (now owned by Osaic Wealth) after a customer complaint and a financial disclosure were filed with the Financial Industry Regulatory Authority (“FINRA”), according to FINRA BrokerCheck. Broker Ran Regev is currently registered with Osaic Wealth in Fort Lauderdale, FL. Investors...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Patrick Kenney (CRD# 1449448) of Ameritas Investment Company after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 in investor damages due to unsuitable recommendations to invest in high-risk fixed annuities. According to FINRA BrokerCheck, broker Patrick Kenney is currently registered with...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ismael Reyes-Retana (CRD# 3250007) of IBC Investment Services and LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $106,000 in investor damages due to unsuitable recommendations to invest in a variable annuity investment. The customer complaint further alleges that Reyes-Retana...
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April 1, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Manny Fernandez (CRD# 3079976) of Truist Investment Services and Suntrust Investment Services after several customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $6,000,000 in collective investor damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, broker Manny Fernandez a/k/a Manuel Antonio Fernandez...
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March 28, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ron Bucher (CRD# 1804910) of Pinnacle Investments and San Blas Securities, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to produce information and documents as requested by FINRA in connection with the regulator’s investigation concerning...
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March 28, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Marcel Pahmer (CRD# 4565391) of Centaurus Financial and Newport Wealth Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $300,000 in investor damages due to recommendations to invest in unsuitable, high-risk, and illiquid investments. The customer complaint further alleges that Pahmer...
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March 28, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Juan Carlos Sosa (CRD# 4059846) of SagePoint Financial (now known as Osaic Wealth) and Independent Financial Group, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he converted over $331,000 from an elderly customer for his...
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March 26, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Biaggio Caroleo of SW Financial (CRD #5256393). According to his CRD report, Biaggio Caroleo is facing a customer complaint from March 2023 seeking $264,475 in damages for “Unsuitability, excessive trading/commissions, unauthorized trading, negligence” while registered with SW Financial. Investors that suffered losses with Biaggio Caroleo (SW Financial) are encouraged to contact attorney Lawrence L....
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Matthew Ryan Stucke of Cetera Advisor Networks LLC (CRD #4840895). According to his FINRA BrokerCheck report, Matthew Ryan Stucke, a registered broker for Cetera Advisor Networks LLC, is facing multiple investor complaints, with the most recent claim alleging that he was negligent in handling client accounts, engaged in...
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Damon Mapes of LPL Financial LLC (CRD #4011748). According to his FINRA BrokerCheck report, Damon Merrill Mapes, a registered broker for LPL Financial LLC in Hillsboro, OR, is currently facing multiple investor complaints, with the most recent one alleging that he made unsuitable investment recommendations, with the customer...
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating James Travis Flynn of IFS Securities (CRD #3082615). According to Flynn’s FINRA BrokerCheck report, James Travis Flynn, a former registered broker for IFS Securities, is facing multiple investor complaints with allegations that he recommended unsuitable investments in illiquid, risky, and speculative private placements, misrepresented the risks of these...
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Valence M Williams of J.H. Darbie & Co., Inc. (CRD #1389729). According to FINRA, Valence M Williams, a former broker for J.H. Darbie & Co., Inc., was suspended due to allegations of exercising discretionary authority to effect trades in customer accounts without obtaining written authorization from the customers...
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Charles Chester Kulch of Next Financial Group, Inc. (CRD #2371584). Charles Chester Kulch, a former broker for Next Financial Group, Inc., in Nashua, NH, has been permanently barred from securities licensure in New Hampshire by the Department of State, and ordered to pay $663,358.22 in restitution, following multiple...
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Michael Christopher Rudio of Purshe Kaplan Sterling Investments (CRD #6322313). According to FINRA BrokerCheck, Michael Christopher Rudio, a registered broker for Purshe Kaplan Sterling Investments in Atlanta, GA, is under investor complaint alleging that from December 2020 to November 2021, he recommended unsuitable investments in structured products. Investors...
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