December 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Matthew Steinberg (CRD# 2430032) of Oppenheimer & Co., Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,500,000 in 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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December 6, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Randall Mason (CRD# 1758777) of Cetera Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $99,999 in damages due to unsuitable recommendations to invest in a real estate security. The customer further alleges that the investments were unsuitable given her financial...
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December 6, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Quirk (CRD# 6123168) of Cambridge Investment Research after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $500,000 in damages due to unsuitable recommendations to invest in non-traded Real Estate Investment Trusts (REITs). According to FINRA BrokerCheck, broker Michael Quirk is currently...
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December 6, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ted Oliver (CRD# 1313970) of Davenport & Company, LLC after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $120,000 in damages due to overconcentration and reverse churning. According to FINRA BrokerCheck, broker Ted Oliver was previously registered with Davenport & Company from...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Dechick (CRD# 4152582) of D.H. Hill Securities after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $549,000 in collective investor damages. One of the complaints filed against Dechick alleges $499,000 in damages due to unsuitable investment recommendations, and that the customers’...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ed Mercer (CRD# 1839328) of Cambridge Investment Research and LPL Financial, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to provide on-the-record testimony as requested by FINRA, in connection with the regulator’s investigation into a...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joe Gainer (CRD# 4517367) of Wells Fargo Clearing Services, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to provide on-the-record testimony as requested by FINRA, in connection with the regulator’s investigation into whether Gainer failed...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Shirley Coria (CRD# 1111255) of NPB Financial Group and Independent Financial Group after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,521,706 in damages due to unsuitable investment recommendations that were largely concentrated in illiquid, speculative, low-quality, and high commission non-traded real...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Shane Wilhelm (CRD# 4803933) of Truist Investment Services and Fortune Financial Services, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to provide information and documents as requested by FINRA. On October 6, 2022, Fortune Financial...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nicholas Carter (CRD# 5362028) of Morgan Stanley after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $550,000 in damages due to breach of fiduciary duty with respect to lack of detection of an alleged outside fraud perpetuated against the client. According to...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Frank Avallone (CRD# 4814368) of National Securities Corp. and Ceros Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,707,818 in damages due to unsuitability, conflict of interest, failure to supervise, breach of duty, and Respondeat Superior. The complaint allegedly...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael MacLean (CRD# 5457640) of Morgan Stanley and Grove Point Investments, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he caused his member firm to maintain inaccurate books and records by changing the representative code for...
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December 5, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert DeHayes (CRD# 2638059) of Wells Fargo Clearing Services and LPL Financial, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he opened and maintained an outside brokerage account, in which he held a beneficial interest at...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ruben Fernandez (CRD# 1439847) of Herbert J. Sims & Co. Inc. (“HJ Sims”) after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,400,000 in damages due to the misrepresentation of unsuitable Puerto Rico bond investments. According to FINRA BrokerCheck, Ruben Fernandez was...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Antonio Bauza (CRD# 860146) of Stonecrest Capital Markets after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $350,000 in damages due to unsuitable recommendations to invest in Alternative Investments, including a real estate security. According to FINRA BrokerCheck, Antonio Bauza is currently...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Shimshon Plotkin (CRD# 2431863) of Plotkin Financial Advisors and Independent Financial Group, after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $580,000 in collective investor damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, broker Shimshon Plotkin is currently registered with...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Dorann Hurley (CRD# 1782641) of Hurley Financial Group Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $519,475 in damages. The customers allege that their accounts were not properly managed and assert various causes of action arising from management of the...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cary Jacobs (CRD# 5029640) of Moloney Securities after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $150,000 in collective investor damages due to unsuitable investment recommendations and negligence. According to FINRA BrokerCheck, broker Cary Jacobs is currently registered as a broker and...
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December 1, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Cheryl Richardson (CRD# 1807190) of MSI Financial Services and MML Investors Services, following the filing of a customer complaint which alleged $415,000 in investor damages due to misrepresented variable universal life policies sold to the customer. Although the complaint was denied by the firm, investors should be...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Megan Schneider (CRD# 4458332) of Hurley Financial Group Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $519,475 in damages. The customers allege that their accounts were not properly managed and assert various causes of action arising from management of the...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joshua Shipley (CRD# 6631027) of Revere Securities and Dominari Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,477,272 in damages due to unauthorized trading, conversion of the customer’s funds, material misrepresentations, violation of the SEC’s Regulation Best Interest, and loss...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Eric Luckey (CRD# 5219374) of SA Stone Wealth Management after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $125,000 in damages due to advising the customers to transfer their Anchor Advisor II Variable Annuity (with a guaranteed death benefit) to a “1...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Starke (CRD# 3154774) of Centaurus Financial following the filing of 13 customer complaints with the Financial Industry Regulatory Authority (“FINRA”), six of which are pending and allege over $1,400,000 in investor damages. The majority of the pending complaints filed against Starke allege unsuitable, high-risk, speculative and...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Sean Burr (CRD# 6421939) of Centaurus Financial after two customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging over $298,000 in collective damages due to unsuitable investment recommendations. The most recent complaint filed against Burr alleges that he recommended unsuitable, high-risk, speculative and illiquid...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Seymour (CRD# 1597042) of Centaurus Financial and Ingram Advisory Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $150,000 in damages due to unsuitable, high-risk, speculative and illiquid investment recommendations. The customer further alleges Seymour breached his fiduciary duty. According...
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December 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Beggans (CRD# 2736874) 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 a managed account. According to FINRA BrokerCheck, broker John Beggans is currently registered with J.P. Morgan Securities...
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November 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Peter Shen (CRD# 5769894) of Independent Financial Group and Ni Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,500,000 in damages due to unsuitable investment recommendations that were not in line with the customer’s investment objectives. Further, the customer alleges...
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November 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fei Wang (CRD# 5899211) of BBVA Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $75,000 in damages due to breach of fiduciary duty, misrepresentation, and failure to disclose. According to FINRA BrokerCheck, Fei Yi Wang was previously registered as a...
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November 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Adam Belardino (CRD# 5221927) of MML Investors Services, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to appear for on-the-record-testimony as requested by FINRA, in connection with the regulator’s investigation into the circumstances giving rise...
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November 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Steve Haskell (CRD# 6864948) of Wealthforge Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $250,000 in damages due to failure to conduct reasonable due diligence, negligence, failure to make material disclosures, failure to conduct suitability, misrepresentation and omissions, branch of...
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