November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Craig Sturges (CRD# 1315735) of Centaurus Financial after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $27,438 in damages due to misrepresented and unsuitable investment recommendations, and breach of fiduciary duty. The complaint allegedly relates to a real estate investment. According to...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Dobbs (CRD# 1064156) of Centaurus Financial after three pending customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging over $100,000 in investor damages due to unsuitable recommendations to invest in a high-risk, speculative and illiquid investment. According to FINRA BrokerCheck, William Dale Dobbs...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Dan Droeg (CRD# 1509210) of United Planners’ Financial Services and Sagepoint Financial, Inc. who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following the regulator’s investigation into his alleged conversion of investor funds in a trust, by using his...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Cody Roos (CRD# 6694181) of LPL Financial, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his violation of FINRA rules by allegedly forging and/or falsifying customer signatures. FINRA’s investigation found that from December 2018 through November 2021, Roos...
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November 20, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker John Kashmanian (CRD# 6163778) of MML Investors Services following the filing of a customer complaint alleging a misrepresented variable annuity investment. The customer further alleges that when they were sold the investment, Kashmanian told her that it couldn’t lose money and wouldn’t have any fees. Although the...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Arturo Nicolayevsky (CRD# 5851384) of R.M. Stark and Premium 72 Capital, following the initiation of an investigation by the Financial Industry Regulatory Authority (“FINRA”), regarding alleged violations of FINRA Rules 1210 and 2010 in that he was actively engaged in the management of R.M. Stark’s securities...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Locke (CRD# 5566294) of LPL Financial who has been terminated from the firm following his alleged violation of FINRA rules and firm policy by attempting to resolve a client grievance outside of approved firm channels. According to FINRA BrokerCheck, broker John Locke was registered with LPL...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Silverman (CRD# 1915352) of Oppenheimer & Co., Inc. and Stifel, Nicolaus, & Co., Inc. following the filing of a customer complaint alleging “hundreds of thousands” in investor damages due to unsuitable and misrepresented investment recommendations. Although the complaint was denied by the firm, investors should be...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tamara Glenn (CRD# 4324857) of Fifth Third Securities, Securian Financial Services, Sigma Financial Corp. and LPL Financial, after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $50,000 in damages due to unsuitable recommendations to invest in a real estate security. According to...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Royal Fisher (CRD# 3230753) of SagePoint Financial, Inc., and McNally Financial Services Corp. who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his alleged violation of FINRA rules by circumventing SagePoint’s procedures prohibiting registered representatives from acting as a...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Haydee Delgado (CRD# 1619094) of UBS Financial Services, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,500,000 in damages due to unsuitable recommendations to invest in and hold Puerto Rico closed-end funds and Puerto Rico municipal bonds. The customers further...
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November 20, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Josh Eisenberg (CRD# 5137724) of Northwestern Mutual Investment Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $155,051 in damages due to unsuitable recommendations to invest in a mutual fund. The customer further alleges that they were unhappy with the losses...
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November 17, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Philip Stair (CRD# 4645877) of Morgan Stanley after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging investor damages due to misrepresentation with respect to recommendation to invest in Bed Bath and Beyond bonds. According to FINRA BrokerCheck, broker Philip Stair is currently...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Craig Stiles (CRD# 4495879) of Ameriprise Financial Services after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $250,000 in damages due to a recommendation for a managed account portfolio which exceeded the customer’s investment risk tolerance. According to FINRA BrokerCheck, broker Craig...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Chris Ordway (CRD# 4505062) of Berthel, Fisher, & Company Financial and Dynamic Wealth Advisors after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $170,000 in damages due to high-commission, complex, risky, and illiquid Alternative Investments which were unsuitable and misrepresented to the...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeffrey Lee (CRD# 4080774) 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 Jeffrey Lee is currently registered with J.P. Morgan Securities...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker David Gibbs (CRD# 2917334) of MML Investors Services following his termination from the firm due to allegations of violating firm policy with respect to obtaining a loan from a customer. According to the disclosure, Gibbs allegedly entered into a private loan transaction with a friend who was...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mike Hamilton (CRD# 2038138) of Hamilton Wealth Management and Centaurus Financial after the Securities and Exchange Commission (“SEC”) opened an investigation into his alleged violation of Regulation Best Interest (“Reg BI”). SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kirk Crossen (CRD# 2742256) of Morgan Stanley and Rayond James after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $6,000,000 in damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, Kirk James Crossen was previously registered as a broker with Morgan...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Stern (CRD# 3137402) of Transamerica Advisors, Signator Investors, Inc., and Osaic Wealth after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $845,000 in damages. The client’s estate alleges that Stern advised the client to surrender her husband’s annuity after his death,...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stephen Sperling (CRD# 3061073) of Wintrust Investments after three pending customer complaints were filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $1,000,000 in collective investor damages due to unsuitable recommendations to invest in non-traded Real Estate Investment Trusts (REITs). One of the customer complaints filed against...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bob Lorente (CRD# 1425180) of Great Point Capital after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $250,000 in damages due to unsuitable investment recommendations to invest in three non-traded Real Estate Investment Trusts (REITs). The complaint further alleges negligence, misrepresentation/omission, common...
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November 16, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Susan Coriale (CRD# 1132493) of GWN Securities, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $264,205 in damages due to unsuitable tax advice for a recommendation that was given to the customer. The complaint alleges that Coriale recommended that the...
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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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