November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Neil Kitchie (CRD# 1429945) of LPL Financial following the filing of a pending customer complaint alleging $50,000 in damages due to unsuitable recommendations to invest in Alternative Investments. According to FINRA BrokerCheck, broker Neil Kitchie is currently registered as a broker and investment advisor with LPL Financial...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Brian Wurdemann (CRD# 4206425) of RBC Capital Markets, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his failure to comply with an Arbitration Award whereby he was order to pay the customer $1,488,650.12, plus interest, attorneys’ fees...
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November 10, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ross Hoffman (CRD# 803445) of Fortune Financial Services, Inc. and Hoffman & Associates Financial & Estate Advisors, Inc. after a customer complaint was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging $637,000 in damages due to a 1035 exchange into a new Pacific Life Indexed Universal...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Joseph Hanson (CRD# 5109237) of The O.N. Equity Sales Company (ONESCO) who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his violation of FINRA rules by allegedly willfully failing to amend his Uniform Application for Securities Industry Registration or...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Victor Furniss (CRD# 5957759) of Cetera Investment Services after a customer complaint alleging $100,000 in investor damages was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging unsuitable investment recommendations and overconcentration in structured products. According to FINRA BrokerCheck, Victor James Furniss is currently registered as a...
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November 9, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Atul Makharia (CRD# 5070762) of Centaurus Financial, Inc., following the filing of three pending customer complaints alleging over $500,000 in collective investor damages due to unsuitable recommendations to invest in unsuitable, high-risk, speculative, and illiquid investments. According to a related SEC Order, between June 2016 and July...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gustavo Miramontes (CRD# 2338966) of Oppenheimer & Co. following the filing of a pending customer complaint alleging $151,477 in damages due to breach of fiduciary duty, churning, negligence, negligent misrepresentation, falsifying account documentation, and unauthorized trading. According to FINRA BrokerCheck, broker Gustavo Santos Miramontes is currently registered...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Yin (CRD# 3249933) of Cetera Investment Services following the filing of a customer complaint alleging unsuitable recommendations to invest in a Real Estate Investment Trust (“REIT”), which was settled in favor of the investor. According to FINRA BrokerCheck, broker Haiguang Hai Yin a/k/a John Yin is...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Hobbs (CRD# 4267482) of PFS Investments, Inc., who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his inaccurate response to FINRA’s request for documents and information in connection with the regulator’s investigation of allegations that Hobbs traded...
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November 9, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Surage Perera (CRD# 4716321) of Janues Capital Inc. and Aegis Capital Corp., following the filing of SEC fraud charges for an alleged multi-million dollar ponzi-like scheme that defrauded at least one investor out of approximately $4.3 million. According to FINRA BrokerCheck, Surage Kamal Roshan Perera was previously...
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November 9, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Christopher Dulany (CRD# 5014608) of Edward Jones, following the filing of a customer complaint which alleged that he and the Branch Office Administrator conspired with the customer’s banker to write fraudulent checks on the customer’s behalf. Although the complaint was denied by the firm, investors should be...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Daryl Devillier (CRD# 4069344) of Ameriprise Financial Services and Raymond James & Associates following the filing of a customer complaint alleging $601,676 in losses due to the advisor’s failure to make the premium payments on the customers’ Principal National Life Insurance policy that he agreed to process...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Christopher Lane (CRD# 5255199) of Merrill Lynch, who was terminated due to allegations of misconduct including exercising discretion in nondiscretionary client accounts. According to FINRA BrokerCheck Christopher Lane is currently registered with International Assets Advisory in Lubbock, TX. FINRA Rule 3260(b) prohibits registered representatives from exercising any...
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November 9, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Max Elson (CRD# 4430278) of Morgan Stanley following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging $635,999 in investor damages due to unsuitable investment recommendations that were not in the customer’s best interest. According to FINRA BrokerCheck, Max Veryl Elson Jr....
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker James Raper (CRD# 5721253) of Wealthforge Securities following the filing of seven pending customer complaints alleging over $10,000,000 in investor damages due to unsuitable and misrepresented investment recommendations. Many of Raper’s complaints also allege failure to conduct reasonable due diligence, negligence, failure to supervise, and breach of...
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November 8, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Rocco Guidicipietro (CRD# 2489732) of Alexander Capital, L.P., following the filing of two customer complaints alleging $2,625,000 in collective investor damages due to fraud and breach of fiduciary duty. One of the customer complaints filed alleged $2,625,000 in damages due to intentional fraud, fraudulent concealment, and breach...
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kyung Song (CRD# 2760764) of MML Investors Services and Song Agency, Inc. following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging that the customer was defrauded out of $77,000. According to FINRA BrokerCheck, broker Kyung Song is currently registered as a...
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Caz Craffy (CRD# 5222223) of Monmouth Capital Management and Newbridge Securities, who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his refusal to produce investigation-related information and on-the-record testimony as requested by FINRA, following allegations of failure to...
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November 8, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Craig Gould (CRD# 2367293) of Cabot Lodge Securities, also doing business as Maroon Wealth Management and Wentworth Management Services, following the filing of a customer complaint alleging $300,000 in damages due to negligent failure to supervise, fraud, and negligent misrepresentation regarding the purchase of First Capital Real...
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Samuel Julian (CRD# 4488869) of Ausdal Financial Partners after a customer complaint seeking $85,000 in investor damages was filed with the Financial Industry Regulatory Authority (“FINRA”). Julian’s customer complaint alleges unsuitable investment recommendations to investment in Alternative Investments known as GWG L Bonds. Further, the customer alleges...
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tony Cross (CRD# 3155726) of The O.N. Equity Sales Company (ONESCO), Vanderbilt Securities, and MML Investors Services 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 when placing 633 trades...
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ralph Courtland (CRD# 2301862) of Wells Fargo Clearing Services following the filing of two customer complaints alleging unsuitable investment recommendations and failure to supervise. According to FINRA BrokerCheck, broker Ralph Courtland is currently registered with Wells Fargo Clearing Services in Fairfield, NJ. One customer complaint alleges unsuitable recommendations...
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November 8, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Huff (CRD# 5875405) of MML Investors Services and Hornor, Townsend, & Kent following the filing of a customer complaint alleging unsuitable investment recommendations, which was settled in favor of the investor for $200,000. According to FINRA BrokerCheck, broker William Huff is currently registered with Hornor, Townsend,...
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November 8, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Jacob Cazier (CRD# 6904198) of J.W. Cole Financial, Inc. and Wealth Navigation Advisors, following the filing of two customer complaints alleging $15,800,000 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....
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November 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Allen Short (CRD# 5279302) of Morgan Stanley following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging an unsuitable investment strategy to diversify concentrated stock positions was recommended and misrepresented with respect to tax consequences. The complaint was settled in favor of...
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November 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kenneth Arellano (CRD# 2660786) of LPL Financial and Cadaret, Grant & Co., Inc., who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his violation of FINRA rules by engaging in the use of a text messaging service that was...
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November 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jonathan Sheard (CRD# 4792441) of Centaurus Financial, Inc. following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging $150,000 in damages due to unsuitable recommendations to invest in high risk and illiquid investments. According to FINRA BrokerCheck, Jonathan Sheard is currently registered...
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November 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Curt Wilson (CRD# 1517272) of Securities America, Inc., Beam Asset Management, and CreativeOne Wealth following the filing of a customer complaint alleging unsuitable recommendations to invest in an option-based trading strategy, which was settled in favor of the investor for $250,000. According to FINRA BrokerCheck, broker Curtis...
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November 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Les Jackson (CRD# 2176917) of Momentum Independent Network, Inc., who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his participation in private securities transactions totaling $1,975,000, without providing advance written notice to his firm. According to FINRA BrokerCheck,...
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November 7, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nisreen Byrne (CRD# 2223199) of J.P. Morgan Securities following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging $100,000 in damages due to unsuitable investment recommendations. Investors that suffered losses with broker Nisreen Byrne are encouraged to contact attorney Lawrence L. Klayman,...
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