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 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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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeffrey Gitterman (CRD# 1910332) of Gitterman Wealth Management and Vanderbilt Securities following the filing of 8 customer complaints against the New-Jersey-based broker/investment advisor for unsuitable Alternative Investment recommendations. According to FINRA BrokerCheck, Jeffrey Lewis Gitterman is currently registered as a broker/investment advisor with Vanderbilt Securities, and is...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Stewart Ginn (CRD# 4503197) of Independent Financial Group, who has been hit with a regulatory disclosure by the Financial Industry Regulatory Authority (“FINRA”), following his violation of FINRA rules by allegedly engaging in churning and excessively trading customer accounts while generating more than $2.24 million in commissions...
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October 26, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Rene Castro (CRD# 2559410) of Center Street Securities and Great Point Capital following the filing of three pending customer complaints against the Chicago-Illinois-based broker/investment advisor for unsuitable investment recommendations. According to FINRA BrokerCheck, Rene Javier Castro is currently registered as broker/investment advisor with Great Point Capital in...
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October 25, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Robert Vance of Moloney Securities (CRD# 1887560), following the filing of 11 customer complaints alleging over $1 million in collective investor damages against the Sonora, California-based broker/advisor in connection with unsuitable and negligent investment recommendations. KlaymanToskes recently reported that the firm has filed a FINRA arbitration claim...
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October 25, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Peter Clarke (CRD# 1400419) after a customer complaint seeking $6,300,000 was filed following his 9 month employment with Truist Investment Services. The Financial Industry Regulatory Authority’s (“FINRA”) records reveal that the complaint alleges the recommendation of common and preferred stock was too risky, resulting in the damages....
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October 25, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Eric Kuchherzki (CRD# 2529623) of Centaurus Financial following the filing of five customer complaints against the broker with the Financial Industry Regulatory Authority (“FINRA”). Kuchherzki’s customers allege unsuitable, high-risk, speculative, and illiquid investment recommendations. According to FINRA BrokerCheck, Eric Gustav Kuchherzki is currently registered with Centaurus Financial...
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October 25, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Nathan Wells (CRD# 5553359) of Wells Financial Services and Voya Financial Advisors after two customer complaints collectively seeking $200,000 were filed with the Financial Industry Regulatory Authority (“FINRA”) earlier this year. Both claims allege that Wells failed to disclose the risks and illiquid nature of real estate...
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October 25, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues investigating investment advisor Brandon Hanna (CRD# 6758707) after a customer complaint seeking $10,000,000 was filed during his employment with Creative Planning in Overland Park, KS. The Financial Industry Regulatory Authority’s (“FINRA”) records reveal that the complaint alleges elder abuse and that the recommendation of options investments were negligent and...
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October 17, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Luke Johnson (CRD# 3257008) of Legend Capital Group and Coastal Equities, Inc., who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following his unsuitable investment recommendations for his customers to purchase more than $2.35 million in illiquid alternative investments. ...
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October 17, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues investigating broker Jose Candelario a/k/a Jose Manuel Candelario Padilla (CRD# 4847560) following the firm’s filing of $14 million in FINRA arbitration claims against Nationwide Planning Associates, on the behalf of customers who suffered losses due to unsuitable investment recommendations. According to FINRA BrokerCheck, Jose Candelario has been hit with...
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October 13, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Chay Lapin (CRD# 2932631), of FNEX Capital following the filing of 7 customer complaints alleging investor damages against the Indianapolis, Indiana-based broker in connection with the unsuitable sale of alternative and illiquid investments in NP Skyloft DST. Nelson Partners Skyloft (NP Skyloft DST) is an illiquid real...
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September 29, 2023 | Broker / Advisor Investigation
National investment fraud lawyers KlaymanToskes is investigating broker Ron Filoramo of Morgan Stanley (CRD# 3270398), who has been charged by the SEC for the fraudulent theft of $761,000 from his Morgan Stanley customers. Filoramo was also permanently barred from acting as a broker or associating with a broker-dealer firm by the Financial Industry Regulatory Authority...
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August 11, 2023 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Peter Po (CRD# 3106974) of Ni Advisors, who is currently facing seven pending customer complaints which allege over $1.7 million in collective damages due to unsuitable GWG L Bond investment recommendations. According to FINRA BrokerCheck, Peter Tinchu Po has 12 public disclosures, 11 of which are customer...
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