November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker James Williams (CRD# 1631008) of Newbridge Securities Corporation after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $90,000 in investor damages due to breach of contract, violation of state securities statutes, breach of fiduciary duty, and claims under common law. According to...
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November 16, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Edward Baroncini (CRD# 3043354) of LPL Financial, following the filing of seven customer complaints alleging over $2,000,000 in collective investor damages due to his failure to supervise another representative’s unsuitable investment recommendations. According to FINRA BrokerCheck, Edward Baroncini is currently registered as a broker with LPL Financial...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Adam (CRD# 2393993) of Cetera Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $40,000 in damages due to misrepresentation and breach of fiduciary duty. According to FINRA BrokerCheck, Kevin Patrick Adam is currently registered as a broker with Cetera...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fera Shivaee (CRD# 2271590) of Centaurus Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,000 in investor damages due to fiduciary duty and unsuitable investment recommendations in complex, high-risk, and illiquid investments. According to FINRA BrokerCheck, broker Fera Shivaee is...
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November 14, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Jennifer Basey (CRD# 4730054) of Stifel, Nicolaus, & Co., and Edward Jones following the filing of a customer complaint which alleged $75,000 in damages, and that Basey made assurances that investments were safe and had a customer invest in preferred stocks over par without the customer’s consent,...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Smith (CRD# 1033817) of Equitable Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to misrepresented annuity policies. According to FINRA BrokerCheck, Robert Paul Smith is currently registered as a broker with Equitable Advisors in Laguna Niguel,...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Daniel Horowitz (CRD# 2681741) of Wells Fargo Clearing Services, LLC, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging not more than $5,000,000 in damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, broker Daniel Reid Horowitz is currently registered as...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jack Yvars (CRD# 6377111) of Osaic Wealth, Inc. (Royal Alliance Associates) and Signator Investors, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $250,000 in damages due to unsuitable recommendations to invest in mutual funds that did not meet the customer’s...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mary Ann Best (CRD# 4389355) of Sanford C. Bernstein & Co. (AllianceBernstein, L.P.) after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $489,703 in damages due to unsuitable recommendations to invest in Alternative Investments. According to FINRA BrokerCheck, broker Mary Ann Best...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Marty Valade (CRD# 1532673) of Woodbury Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $300,000 in damages due to excessive trading and excessive fees. According to FINRA BrokerCheck, broker Martin (Marty) Valade is currently registered as a broker with...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ronald Molo (CRD# 4371241) of Edward Jones, 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. Molo was also barred from acting as a broker in the state...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fernando Silva (CRD# 7326519) of Morgan Stanley and Wells Fargo, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to produce information and documents requested by FINRA, in connection with the regulator’s investigation into a Form...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mary Swanson (CRD# 1424448) of Stifel, Nicolaus, & Co., Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $76,000 in damages due to breach of contract, negligence, and breach of fiduciary duty. According to FINRA BrokerCheck, Mary Jane Swanson is currently...
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November 14, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Terzis (CRD# 1805020) of LPL Financial, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that, pursuant to a ten-year written promissory note, he borrowed $200,000 from one of his customers, a 69-year-old senior who had...
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November 13, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cynthia Komarek (CRD# 1188714) of Sagepoint Financial, Inc., who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following her refusal to provide information and documents as requested by FINRA, in connection with the regulator’s investigation into Sagepoint’s U5 filing...
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November 13, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bill Conn (CRD# 1477107) of Raymond James & Associates and International Assets Advisory after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”). According to the complaint, one customer alleges Conn improperly placed them in aggressive and inappropriate investments, while a second customer alleges...
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November 13, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Harold Reinstein (CRD# 2516822) of J.P. Morgan Securities, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $2,600,000 in damages due to unsuitable investment recommendations and misrepresentations. According to FINRA BrokerCheck, broker Harold Reinstein is currently registered as a broker with J.P....
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November 13, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Rasbach (CRD# 1204704) of David Lerner Associates, Inc. and Benchmark Investments following the filing of two pending customer complaints alleging nearly $1,000,000 in damages due to misrepresented and unsuitable investment recommendations. One of the complaints further alleges investment losses in Spirit of America Energy 11 and...
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November 13, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Enrique Pascual (CRD# 2184412) of Herbert J. Sims & Co, Inc. and Stonecrest Capital Markets, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $425,708 in damages due to unsuitable investment advice related to PR bond investments. According to FINRA BrokerCheck,...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nathan Paulson (CRD# 4799867) of APW Capital, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $5,000,000 in damages due to breach of fiduciary duty, executing risky and unauthorized trading and margin borrowing. The customers further allege failure to exercise a...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Shawn Clark (CRD# 6723045) of Mosaic Financial Group, Continuum Advisory, Kalos Capital after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,000 in damages due to unsuitable investment recommendations in Alternative Investments. According to FINRA BrokerCheck, broker Shawn Michael Clark was previously...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gus Rodrigo (CRD# 3031284) of Sutter Securities Inc., Boustead Securities, LLC, and Westpark Capital, Inc., who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his violation of FINRA rules by exercising discretionary authority in a customer’s account without written...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Thomas Tibaldi (CRD# 2672406) of Citigroup Global Markets, Inc. following the filing of a pending customer complaint alleging $55,000 in damages due to breach of fiduciary duty and negligence related to recommendations to invest in structured notes. According to FINRA BrokerCheck, Thomas Tibaldi is currently registered as...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Carlos Leston (CRD# 3021614) of LPL Financial, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to produce on-the-record testimony as requested by FINRA. Leston is also facing a pending customer complaint which alleges $850,000 in...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Farid Farhoumand (CRD# 727764) of Next Financial Group, Inc. following the filing of a pending customer complaint alleging $100,000 in damages due to unsuitable and misrepresented recommendations to invest in two business development companies (BDCs). According to FINRA BrokerCheck, broker Farid Farhoumand is currently registered as a...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Andrew Pesner (CRD# 1971579) of Joseph Stone Capital and VCS Venture Securities after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $295,531 in damages due to unsuitable investment recommendations, negligence, and lost opportunity. According to FINRA BrokerCheck, broker Andrew Pesner was previously...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker George Kuruvilla (CRD# 1000316) of Kuruvilla & Associates, LifeMark Securities Corp., and Virtue Capital Management after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,050,000 in damages due to unsuitable investment recommendations in an Alternative Investment. The customer further alleges insufficient due...
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November 10, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Jason Kimber (CRD# 6244188) of J.W. Cole Financial, Inc., following the filing of four customer complaints alleging $29,350,000 in collective investor damages due to fraud. One of the customer complaints filed alleges $15,000,000 in investor damages in the customers’ J.W. Cole Financial, Inc. account due to the...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bob Marquez (CRD# 2266269) of Investment Network, Inc., who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to produce on-the-record testimony as requested by FINRA, in connection with the regulator’s investigation into sales of “pre-IPO” private...
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November 10, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Debbie Cavanaugh (CRD# 1268420) of Centaurus Financial, Inc. and Independent Financial Group, LLC, following the filing of a customer complaint alleging $50,000 in investor damages due to unsuitable investment recommendations. Debbie Cavanaugh is also currently facing a regulatory complaint initiated by the Securities and Exchange Commission (“SEC”)....
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