January 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Howard Hsieh (CRD# 4947882) of Cetera Investment Services, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $750,000 in investor damages due to unsuitable recommendations to invest in a real estate security. One recently settled customer complaint filed against Hsieh was settled...
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January 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Grano (CRD# 2937422) of Cetera Financial Specialists, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $370,000 in investor damages due to unsuitable recommendations to invest in a real estate security. The customers further alleges misrepresentation and negligence. According to FINRA...
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January 2, 2024 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rabih Msallem (CRD# 3199470) of Citigroup Global Markets, Inc., after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,000,000 in investor damages due to unsuitable recommendations to invest in structured note investments and misrepresentation. According to FINRA BrokerCheck, broker Rabih Msallem is...
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December 21, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeffrey Buck (CRD# 4884887) of H. Beck, Inc., Parkland Securities, and Madison Avenue Securities, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $653,187 in damages due to unsuitable recommendations to invest in Centerpointe Tenant In Common (TIC) interests. The customers further...
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December 21, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Devin Patel (CRD# 6632487) of Financial Gravity Wealth and Sanford C. Bernstein & Co. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,500,000 in damages due to unsuitable and illegal recommendations in connection with unregistered debt and equity securities. According to...
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December 21, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Poulin (CRD# 2034087) of Morgan Stanley following the filing of a customer complaint alleging misrepresentation with respect to an advisory account and management fees. Although the complaint was denied by the firm, investors should be aware that the denial of a customer complaint by a brokerage...
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December 21, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Eugene Thomas (CRD# 2065557) of MML Investors Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging 1,400,000 in damages due to the liquidation of appreciated stock from the customer’s account, instead of first transferring it to one of the owner’s companies...
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December 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Armando Roman (CRD# 4414526) of Independent Financial Group following a customer complaint filed with the Financial Industry Regulatory Authority (“FINRA”) which has resulted in an award of $1 million (Case No. 21-00811) in compensatory damages, in connection with the customers being recommended to invest in unsuitable private...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Dan King (CRD# 5954543) of Newbridge Securities and Kingswood Capital Partners, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations he recommended unsuitable use of margin to effect trades in the accounts of two customers. According to FINRA’s...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stephen Hecker (CRD# 821625) of Fortune Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $55,000 in damages and that he mistakenly moved money from the guaranteed interest rate portion of a variable annuity into sub-accounts that invested into the...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Horace Barker (CRD# 1639677) of Morgan Stanley after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,608,876 in damages due to breach of fiduciary duty, with respect to lack of prevention of withdrawals made by an unauthorized third party from the client’s...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stephen Coma (CRD# 1414147) of Hilltop Securities, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $13,000,000 in damages due to misrepresentations, omissions and unsuitability in connection with a bond offering related to the customer’s sale of its own assets. According...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jon Lee (CRD# 2354294) of Aegis Capital Corp., following the filing of a pending customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging over $650,000 in damages due to fraud, breach of Contract, breach of fiduciary duty, and negligence. The customer further alleges that she was...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rodney Ferguson (CRD# 2482868) of Ferguson Financial Group, NYLife Securities, and Eagle Strategies after four pending customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $3,855,000 in collective investor damages due to unsuitable investment recommendations. One of the customer complaints filed against Ferguson alleges...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Carl Williams (CRD# 1721736) of LPL 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 employ an investment strategy that was not suitable for the customer’s investment objectives and risk tolerance. The...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nathan Cedarleaf (CRD# 4341451) of Fidelity Brokerage Services and Cetera Investment Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 in damages due to misrepresentations in connection with the recommendation of two stocks which led to losses. According to FINRA...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Lowry (CRD# 4336146) of Spartan Capital Securities after three customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,515,648 in collective investor damages. One of the customer complaints filed against broker John Lowry alleges $1,000,000 in damages due to failure to supervise. A...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Dan Curtin (CRD# 2213788) of J.P. Morgan Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $40,000,000 in damages due to failure to supervise. According to FINRA BrokerCheck, broker Dan Curtin is currently registered with J.P. Morgan Securities in Boston, MA. ...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bernard Jasmin (CRD# 4442394) of PHX Financial and Empire Asset Management Company after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $5.1 million in collective investor damages. One of the customer complaints filed against broker Bernard Jasmin alleges $4,800,000 in damages due...
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December 19, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jon Vinge (CRD# 4445831) of Kestra Investment Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $701,211 in damages due to violations of federal & state securities laws, breach of fiduciary duties and negligence, breach of contract, common law fraud, failure...
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December 18, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker JoAnna Westcott (CRD# 1187278) of LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to unsuitable recommendations to invest in Exchange Traded Funds (ETFs). According to FINRA BrokerCheck, broker JoAnna Westcott is currently registered with LPL Financial...
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December 18, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Alexandria Bovee (CRD# 7090353) of Edward Jones, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following her failure to appear for on-the-record testimony as requested by FINRA in connection with the regulator’s investigation into her potential violation of...
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December 18, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bob Thompson (CRD# 1975407) of Concourse Financial Group Securities, who has been terminated following allegations that he engaged in an unauthorized and unapproved outside business activity. According to FINRA BrokerCheck, broker Bob Thompson was previously registered with Concourse Financial Group Securities from 1999 to 2023 in Palos...
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December 15, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Steven Sabo (CRD# 1711708) of LPL Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $70,000 in damages due to unsuitable recommendations to invest in an Alternative Investment. The complaint allegedly relates to a real estate security. According to FINRA BrokerCheck,...
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December 15, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Lacey Buteyn (CRD# 4420482) of Level Four Financial, who has been discharged in connection with allegations that the firm was contacted on by the Legal Department of one of the firm’s Annuity carriers. As a result of information provided by the carrier, an internal review was conducted,...
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December 15, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Shyam Suchak (CRD# 7659614) of J.P. Morgan Securities, who has been terminated in connection with allegations related to overall job performance, including participating in an unapproved outside business activity. According to FINRA BrokerCheck, broker Shyam Suchak was previously registered with J.P. Morgan Securities from April 2023 to...
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December 15, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Charlotte McConnell (CRD# 1161160) of Cetera Investment Services and Raymond James Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $300,000 in damages due to unsuitable recommendations to invest in a real estate security. According to FINRA BrokerCheck, broker Charlotte...
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December 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Eszylfie Taylor (CRD# 1424448) of SagePoint Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $150,000 in damages due to misrepresentation and omission of material fact concerning two investments. According to FINRA BrokerCheck, Eszylfie Taylor was previously registered with SagePoint Financial...
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December 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Andrew Komarow (CRD# 5838564) of LPL Financial and Royal Alliance Associates, who is currently facing charges by the Securities and Exchange Commission (“SEC”), involving an alleged $6.9 million “free-riding” securities trading scheme. “Free-riding” is a fraudulent securities practice whereby traders seek to exploit the “immediate access” credit...
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December 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nicholas Caruso (CRD# 7301382) of Alexander Capital, L.P. and Monmouth Capital Management LLC, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he willfully violated the Best Interest Obligation under Rule 15l-1 of the Securities Exchange Act...
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