November 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Matalon (CRD# 4637378) of RBC Capital Markets and Ameriprise Financial Services, 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, in connection with the regulator’s investigation concerning allegations made in...
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November 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kevin Springstead (CRD# 4937429) following his suspension from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) due to his failure to comply with a FINRA Arbitration award which asserted causes of action including churning and unsuitability. According to FINRA BrokerCheck, broker Kevin Springstead was...
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November 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Yudi Rosenzweig of MML Investors Services (CRD# 4110421) after a customer complaint seeking $350,000 in damages was filed with the Financial Industry Regulatory Authority (“FINRA”). The customer alleges that Rosenzweig advised him to partially redeem his variable annuity, to fund a whole life policy, which was misrepresented,...
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November 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Gary Costello (CRD# 6117388) of Oppenheimer & Co., Inc. and Truist Investment Services following the filing of five customer complaints alleging over $2 million in collective investor damages due to unauthorized trading. According to FINRA BrokerCheck, Gary Steven Costello was registered as a broker with Oppenheimer &...
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November 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Roslonowski of Ameriprise Financial Services (CRD# 4795893) after two customer complaints seeking over $200,000 in collective investor damages were filed with the Financial Industry Regulatory Authority (“FINRA”). The customers further allege that Roslonowski made unsuitable recommendations to invest in variable annuities, variable universal life insurance and...
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November 1, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Luley (CRD# 4176139) of Pruco Securities and Madison Avenue Securities, 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, in connection with the regulator’s investigation concerning his alleged misconduct. According...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ryan Hall (CRD# 5077163) of Centaurus Financial and LPL Financial, after a customer complaint seeking $800,000 was filed with the Financial Industry Regulatory Authority (“FINRA”) earlier this year. The claim alleges that Hall made unsuitable investment recommendations of risky, illiquid investments, including real estate securities and variable...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Chelsea Deng of Morgan Stanley (CRD# 4179306) following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) alleging unsuitable investment recommendations, overconcentration in illiquid private placements, and misrepresentation. According to FINRA BrokerCheck, Chelsea Deng a/k/a Deng Zhongqun is currently registered as a broker and...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Terri Fassi (CRD# 2526113) of Centaurus Financial following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) seeking $50,000 in damages due to unsuitable investment recommendations in a high-risk, speculative, complex, and illiquid real estate investment. According to FINRA BrokerCheck, Terri Lynn Fassi...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues investigating broker Joe Katzaroff of UBS Financial Services (CRD# 2739167) following the filing of a recent customer complaint seeking $1,000,000 in investor damages due to an unsuitable investment strategy and failure to consider the customer’s best interest. According to FINRA BrokerCheck, Joseph P. Katzaroff has been registered as a...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Guy Presutti (CRD# 1196621) of Oppenheimer & Co., Inc., after a customer complaint seeking $1,450,000 was filed with the Financial Industry Regulatory Authority (“FINRA”) earlier this year. The customer alleges that Presutti made unsuitable private placement investment recommendations that were not in their best interest. The pending...
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October 30, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Ivan Gefen (CRD# 1229418) of Newbridge Securities Corporation and Gefen Asset Management, after a customer complaint seeking $1,200,000 was filed with the Financial Industry Regulatory Authority (“FINRA”) earlier this year. The claim alleges that Gefen made investment recommendations that were not in the customer’s best interest, and...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating financial advisor Troy Perkins of Concorde Asset Management (CRD# 4337530) following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), seeking $125,000 in investor damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, Troy Don Perkins is currently registered with Concorde Asset Management...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stephen Medina (CRD# 2614773) of Merrill Lynch, after a customer complaint seeking $782,500 was filed with the Financial Industry Regulatory Authority (“FINRA”), alleging that Medina made unsuitable and misrepresented investment recommendations. According to FINRA BrokerCheck, Stephen Marchelo Medina is currently registered with Merrill Lynch, Pierce, Fenner &...
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October 30, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating financial advisor Frank Kuiper of Concorde Asset Management (CRD# 1774282) following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), seeking up to $5,000,000 in investor damages due to breach of fiduciary duty, negligence and negligent failure to supervise. According to FINRA BrokerCheck, Frank...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rocco Maselli (CRD# 2791357) of Joseph Stone Capital and VCS Venture Securities after a customer complaint seeking $500,000 was filed with the Financial Industry Regulatory Authority (“FINRA”). The claim alleges breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence. According to FINRA...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Chris Kirkland (CRD# 5602044) of Avantax Investment Services after two customer complaints alleging $977,914 in collective investor damages were filed with the Financial Industry Regulatory Authority (“FINRA”). One claim alleges that Kirkland made unsuitable investment recommendations, while the other alleges that Kirkland also engaged in unauthorized trading. ...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Andrew Kubicsko (CRD# 861670) of Raymond James & Associates, Inc. after a customer complaint seeking $400,000 in damages was filed with the Financial Industry Regulatory Authority (“FINRA”). The customer alleges that Kubicsko recommended an unsuitable investment in Thornburg Limited Term Municipal Fund which was not in their...
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October 27, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating financial advisor Timothy Overturf (CRD# 6422933) and his investment advisory firm Sisu Capital, LLC, following the filing of charges by the Securities and Exchange Commission (“SEC”) for Overturf’s alleged breach of fiduciary duty to his clients by making unauthorized and unsuitable trades. The SEC’s complaint alleges that Sisu...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Daniel Ellison (CRD# 2320115) of Merrill Lynch after a customer complaint seeking damages was filed with the Financial Industry Regulatory Authority (“FINRA”). The customers allege that Ellison failed to act in their best interest. A previous customer complaint filed against Ellison was settled in favor of the...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Jimmy Monken of Morgan Stanley (CRD# 5765921), following the filing of two pending customer complaints alleging over $750,000 in investor damages due to unsuitable investment recommendations that were not in the customers’ best interests. According to FINRA BrokerCheck, James a/k/a Jimmy Monken is currently registered as a broker/investment...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Ard (CRD# 1133673) of Morgan Stanley following his suspension from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) due to customer emails that allegedly contained promissory, unwarranted, and misleading statements about investing in a publicly traded biopharmaceutical company. According to FINRA BrokerCheck, broker...
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October 27, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Bill Addison (CRD# 6152328) of LPL Financial and Independent Advisor Alliance following the filing of a customer complaint alleging $700,000 in damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, William Lloyd Addison a/k/a Bill Addison is currently registered as a broker with LPL Financial and...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker William Isaacson (CRD# 2418034) of Independent Financial Group and Peak Brokerage Services, also doing business as Blackridge Asset Management, following the filing of a customer complaint alleging $110,000 in investor damages due to unsuitable investment recommendations. A settled complaint filed against Isaacson also alleged unsuitable investment advice...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues to investigate broker Ray Gallette (CRD#3041923) of Coastal Equities, Inc. and Gallette Financial as the number of customer complaints filed with the Financial Industry Regulatory Authority (“FINRA”) rises to 9. The customers are seeking nearly $3 million in collective damages and allege unsuitable investments including alternatives such as GWG...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeremy Strickler (CRD# 3075697) of Williams Wealth Management and Wells Fargo Advisors, following the filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) alleging $4,500,000 in damages due to unsuitable investment recommendations. According to FINRA BrokerCheck, Jeremy Luke Strickler was previously registered as a...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker James Pelletiere (CRD# 2628708) of Pruco Securities (a/k/a Prudential), 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 in connection with the regulator’s investigation concerning his misuse of customer funds. According...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Todd Mezrah (CRD# 2313891) of M Holdings Securities, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his alleged violation of FINRA content rules by engaging in misleading emails with investors regarding an opportunity to invest in a private...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating Scott Sadar of Somerset Securities (CRD# 4238459), after a customer complaint seeking $500,000 in damages was filed with the Financial Industry Regulatory Authority (“FINRA”). The customer alleges that Sadar made unsuitable recommendations to purchase iCap Equities private placement investments. According to FINRA BrokerCheck, Scott Michael Sadar is currently...
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October 26, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker David Wilke (CRD# 2258159) of Capital Investment Group following the filing of a customer complaint seeking $300,000 in damages and alleging unsuitable investment recommendations in GWG L Bonds. The customer further alleges breach of fiduciary duty, negligence, breach of contract, fraud, and negligent supervision. In April 2022,...
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