March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating David John Taddeo of LPL Financial LLC (CRD #1163829). According to Taddeo’s FINRA BrokerCheck report, David John Taddeo, a former broker for LPL Financial LLC, was terminated due to allegations of unsuitability and breach of fiduciary duty regarding a private securities transaction conducted without firm approval, which was...
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March 25, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Sean Kienzle of Merrill Lynch, Pierce, Fenner & Smith Inc. (CRD #5164154). According to his FINRA BrokerCheck report, Sean Arlington Kienzle, a registered broker for Merrill Lynch, Pierce, Fenner & Smith Incorporated in Chicago, IL, is facing an investor complaint alleging unauthorized trading in December 2023. Investors that...
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March 21, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Karen Chung a/k/a Karen Tran Chung (CRD# 4158413) of Western International Securities, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging failure to supervise. The complaint was settled in favor of the investor for $2,760,000. According to FINRA BrokerCheck, broker Karen Chung...
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March 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Matthew Wilkes (CRD# 5409004) of Wells Fargo Advisors and Raymond James after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $6,852,105 in investor damages due to unsuitable recommendations to invest in premium-financed life insurance policies, and failure to properly explain its...
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March 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Brickman (CRD# 4042866) of Pruco Securities, 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 accepted personal checks made...
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March 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Sandy Schmidt (CRD# 1163559) of Catalyst Wealth Management and The Leaders Group, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $750,000 in investor damages due to violation of the Illinois Consumer Fraud and Deceptive Business Practices Act. The complaint further...
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March 18, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ronald Hannes (CRD# 462241) of Woodbury Financial Services, 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 during its investigation into allegations that he converted customer funds...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Scott Trease of Sapere Wealth Creation, LLC (CRD #1298222). Former Sapere Wealth Creation, LLC broker Scott Trease is currently under investigation by the United States Securities and Exchange Commission for recommending risky alternative-investment deals to three clients, resulting in significant investment losses, and has been sanctioned with a civil and administrative...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Robert Rumley III of William Blair and William Blair & Company L.L.C. (CRD #4474706). According to his CRD report, Robert Rumley III, currently registered with William Blair and William Blair & Company L.L.C., is under investigation for a complaint made in August 2023, alleging that he did not manage a client’s...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Timothy Farris of Cetera Advisors LLC (CRD #2178521). According to his CRD report, Timothy Farris, currently registered with Cetera Advisors LLC, is the subject of a pending customer complaint alleging excessive and unsuitable securities trading in connection with investments purchased between 2015 and 2021, as well as inadequate brokerage firm supervision...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Gregory Iglow of Oppenheimer & Co. Inc. (CRD #2783963). Gregory Iglow, a broker registered with Oppenheimer & Co. Inc. in Los Angeles, California since 2007, is currently under investigation for allegations of unsuitable investment recommendations, with recent complaints accusing him of negligence, violations of state securities laws, fraud, breach of fiduciary...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Dwight Kay of Fnex Capital, LLC (CRD #5376903). According to his CRD report, broker Dwight Kay of Fnex Capital, LLC is currently facing seven customer complaints, primarily alleging failure to conduct reasonable due diligence on NP Skyloft DST, misrepresentation of this investment, and non-disclosure of material facts related to this investment,...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating John Gascoyne of Morgan Stanley (CRD #1837286). Former Morgan Stanley broker John Gascoyne, who was registered with the firm in The Woodlands, Texas, from 2009 to 2023, is currently under investigation for misrepresentation related to private equity investments between 2018 and 2020, according to his CRD report. Investors that suffered losses...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Kenneth Sledge of Lincoln Financial Advisors Corporation (CRD #824533). Kenneth Sledge, a broker registered with Lincoln Financial Advisors Corporation in Nashville, Tennessee since 1988, is currently under investigation for alleged energy sector investment losses, stemming from a customer complaint in May 2023 that claimed Sledge recommended an unsuitable Oil & Gas...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Robert Starnes of SA Stone Wealth Management Inc. (CRD #1429794). According to FINRA BrokerCheck, Robert Starnes, formerly of SA Stone Wealth Management Inc., was barred from the securities industry in July 2023 after refusing to appear for on-the-record testimony requested by FINRA in connection with a customer complaint, and is currently...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Michael Barrows of M Stevens Securities, LLC (CRD #2933260). According to his CRD report, former Accelerated Capital Group broker Michael Barrows, currently registered with M Stevens Securities, LLC, is facing a customer complaint from August 2022, alleging violations of federal and California securities laws, California Unfair, Unlawful, and Fraudulent Business Practices,...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating John Girgis of SW Financial (CRD #5021526). According to his CRD report, former SW Financial broker John Girgis, who was registered with the firm from 2019 to 2023, is currently facing a customer complaint from March 2023, alleging “unsuitability, excessive trading/commissions, unauthorized trading, negligence” with the customer seeking $264,475 in damages;...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Justin Mackie of Arete Wealth Management, LLC (CRD #4736154). Justin Mackie is a broker registered with Arete Wealth Management, LLC since 2015, is currently facing one customer complaint accusing him of unsuitable investment recommendations in May 2017, September 2019, and January 2021, with the customer seeking $257,500 in damages. Investors that...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Manuel Fernandez of Truist Investment Services, Inc. (CRD #3079976). Manuel Fernandez of Truist Investment Services, Inc., based in Coral Gables, Florida, is under investigation for allegedly recommending high risk and unsuitable investments in Northstar Financial Services to his clients, without adequately disclosing the associated risks or the potential...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Joseph Hurley of Cambridge Investment Research, Inc. (CRD #4499819). According to his CRD report, Joseph Hurley, a broker registered with Cambridge Investment Research, Inc., is currently facing a customer complaint from May 2023, alleging that he made an investment recommendation with the purpose of generating high commissions and fees, depriving the...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Shaun Grimaldi of E1 Asset Management, Inc. (CRD #4529021). Shaun Grimaldi, a broker registered with E1 Asset Management, Inc. since 2003, has been the subject of five customer complaints from 2011 to 2023, with the most recent allegations involving mismanagement of deceased funds and a claim for $4 million in damages...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Michael Raineri of Securities America, Inc. (CRD #4817558). According to FINRA, former Securities America, Inc. broker Michael Raineri was barred in April 2023 after he consented to the sanction and to the entry of findings that he converted customer funds, causing a customer to pay him at least $135,000, which far...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Emily Smith (CRD# 6287728) of Raymond James, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that she falsified documents by reusing customer signature pages and altering customer-signed documents, causing her member firm to maintain inaccurate books and...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Jon Lindenberg of Wells Fargo Clearing Services, LLC (CRD #4161624). According to his CRD report, Jon Lindenberg, a broker registered with Wells Fargo Clearing Services, LLC since 2003, is currently under investigation for allegedly enabling an unsuitable transaction in a Trust, leading to a customer complaint filed in April 2023, which...
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March 15, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating John Anderson of Anderson Advisors, Inc. (CRD #5922928). John Anderson, a former broker with Global Financial Private Capital, LLC and currently registered with Anderson Advisors, Inc., is facing two customer complaints alleging unauthorized trades and violation of the Georgia Securities Act, negligent misrepresentation, and breach of fiduciary duty in relation to...
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March 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Suzanne Wheeler (CRD# 1107381) of Coastal Equities and Arkadios Capital following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in investor damages due to unsuitable recommendations to invest in alternative investments. According to the claim filed by KlaymanToskes, Wheeler overconcentrated...
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March 13, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joseph Desapio (CRD# 5837553) of Spartan Capital Securities, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he that he willfully violated Exchange Act Rule 15l-1, Regulation BI, by recommending quantitatively unsuitable trades in accounts held by...
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March 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Adam Kotz (CRD# 6286443) of Mariner Wealth Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $4,000,000 in investor damages due to unsuitable recommendations to invest in mutual funds and options. According to the SEC’s AdviserInfo, advisor Adam Kotz is...
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March 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Marion Adams (CRD# 1392435) of Raymond James and The Jeffrey Matthews Financial Group, 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 as requested by FINRA in connection with the regulator’s...
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March 11, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Reuben Brown (CRD# 7089559) of Edward Jones, 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 as requested by FINRA in connection with the regulator’s investigation concerning allegations he introduced clients...
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