June 4, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker John Demertzis (CRD# 2690132) of Avantax Investment Services, and formerly of LPL Financial. According to FINRA BrokerCheck, broker John Demertzis, formerly of LPL Financial, has been involved in several investor complaints. The complaints allegedly related to unsuitable recommendations to invest in alternative investments. One of the complaints...
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June 4, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Todd Walker (CRD# 2503388) of Centaurus Financial Inc. after the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-00555), alleging $200,000 in investor damages due to unsuitable recommendations to invest in high risk and illiquid GWG L Bonds, and other...
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June 3, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Randy Birkinbine (CRD# 2008599) of Ausdal Financial Partners after after the law firm’s filing of several customer complaints with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-00543 and Claim No. 24-00857), alleging over $500,000 in investor damages due to unsuitable recommendations to invest in high risk...
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June 3, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Michael Culwell (CRD# 5989109) of Emerson Equity and Irvine Advisors, after the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”), alleging $300,000 in investor damages due to unsuitable recommendations to invest in Madison Realty Senior Care CO Aspen House DST (“Aspen...
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June 3, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating barred broker Johnathan Sawaged (CRD# 7061837) formerly of B. Riley Wealth Management and Quint Investments and Insurance. According to FINRA BrokerCheck, broker Johnathan Sawaged has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) due to findings that he refused to appear for...
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May 22, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker James Mariani (CRD# 2932631), of National Securities Corp. and Aegis Capital Corp. following the law firm’s filing of a customer complaint with the Financial Industry Regulatory Authority (“FINRA”) (Claim No. 25-00361), alleging investor damages of $300,000 due to unsuitable recommendations to invest in American Realty Capital NYC...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating barred broker Mario Martinez (CRD# 6144561) formerly of Merrill Lynch. According to FINRA BrokerCheck, broker Mario Martinez was barred from association with any Financial Industry Regulatory Authority (“FINRA”) member in all capacities in February 2025. Martinez allegedly refused to provide information requested by FINRA in connection with its...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating barred broker John Barrett (CRD# 4748518) formerly of Emerson Equity. According to FINRA BrokerCheck, barred broker John Barrett is involved in a customer complaint alleging up to $500,000 in investor damages. The complaint relates to recommendations to invest in real estate securities, and includes allegations of breach of...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Raymond Chow (CRD# 2860124) of Wedbush Securities. According to FINRA BrokerCheck, broker Raymond Chow of Wedbush Securities is facing a pending customer complaint alleging $489,825 in investor damages due to a hedging technique employed by the manager initiated in November, 2023 and again in March, 2024. Investors...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Danny Davis (CRD# 853374), of Stifel Nicolaus & Company. According to FINRA BrokerCheck, broker Danny Davis of Stifel Nicolaus & Company is facing a pending customer complaint alleging $1,031,605 in investor damages due to unauthorized trading that resulted in significant losses and excessive commissions. The complaint allegedly...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Mark Huber (CRD# 5976354) of Concorde Investment Services. According to FINRA BrokerCheck, Mark Huber of Concorde Investment Services is facing a pending customer complaint alleging $500,000 in damages due to unsuitable recommendations to invest in DPP& LP Interest investments. Investors that suffered losses with broker Mark Huber...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ahmed Quqa (CRD# 6737928) formerly of Edward Jones. Quqa is currently registered with Private Client Services and RFG Advisory in Cary, NC. According to FINRA BrokerCheck, broker Ahmed Quqa is currently involved in a customer complaint alleging $715,992 in damages due to unauthorized trades in the customer’s...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating investment advisor Kurt Stahl (CRD# 1890827) of AE Wealth Management. According to FINRA BrokerCheck, investment advisor Kurt Stahl is currently involved in a customer complaint alleging $1,750,000 in damages. The customer alleges breach of fiduciary duty, negligence, negligent misrepresentation, intentional misrepresentations/omissions, breach of contract, and violation of the...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Thanasi Tomaras a/k/a Athanasios Tomaras (CRD# 2722538) of R.F. Lafferty & Co. Inc. According to FINRA BrokerCheck, broker Thanasi Tomaras is currently involved in a customer complaint alleging $500,000 in investor damages. The customer alleges unsuitable investment recommendations and that a Sell Order was not followed. Tomaras...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker David Page (CRD# 2874899) formerly of Spartan Capital Securities. According to FINRA BrokerCheck, broker David Page, formerly of Spartan Capital Securities, has been suspended by the Financial Industry Regulatory Authority (“FINRA”) due to findings that he failed to comply with an arbitration award or settlement agreement or...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating barred broker Isaiah Williams (CRD# 6211219) formerly of Merrill Lynch. According to FINRA BrokerCheck, broker Isaiah Williams was barred from association with any Financial Industry Regulatory Authority (“FINRA”) member in all capacities in April 2025. Williams allegedly refused to provide information requested by FINRA in connection with its...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Judah Spinner (CRD# 7039921) formerly of PFS Investments. According to FINRA BrokerCheck, Judah Spinner, a former broker at PFS Investments,, has been suspended by the Financial Industry Regulatory Authority (“FINRA”) due to findings that he participated in private securities transactions by soliciting individuals to invest in an...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jordan Rider (CRD# 5292169) of LPL Financial. According to FINRA BrokerCheck, broker Jordan Rider is currently involved in a customer complaint alleging $120,000 in investor damages. The customer alleges that Rider mismanaged accounts and failed to disclose risks of investments, in addition to suitability concerns and regulation...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Jeff Webb (CRD# 6486331) of Emerson Equity. According to FINRA BrokerCheck, broker Jeff Webb is involved in a customer complaint alleging $200,000 in investor damages. The complaint alleges breach of fiduciary duty, negligence, unsuitable investment recommendations, misrepresentations, and other securities violations. Investors that suffered losses with broker...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker David Curry (CRD# 4506561) of Arkadios Capital. According to FINRA BrokerCheck, broker David Curry is currently involved in a customer complaint alleging $500,000 in damages. The complaint alleges unsuitable recommendations to invest in private placement investments. Investors that suffered losses with broker David Curry are encouraged to...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Roger Roemmich of Alexander Capital LP, and formerly of Roger’s Retirement Readiness Alliance, Retirement Cashflow Group, and Dempsey Lord Smith. According to FINRA BrokerCheck, Roger Roemmich is currently facing several customer complaints alleging $1,273,300 in collective investor damages. The complaints relate to unsuitable recommendations to invest in...
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May 21, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Kent Herring (CRD# 5417262) of Cambridge Investment Research, Inc, and formerly of Voya Financial Advisors. According to FINRA BrokerCheck, broker Kent Herring of Cambridge Investment Research, Inc. is involved in a customer dispute which alleges $750,000 in damages due to an unsuitable strategy which involved high-commission, risky...
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May 20, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker James Taylor Davis (CRD# 6646090) of Northwestern Mutual Investment Services and Meridian Wealth Management. According to FINRA BrokerCheck, financial advisor James Taylor Davis, of Meridian Wealth Management, and formerly of Northwestern Mutual Investment Services, is involved in a customer complaint alleging that he recommended a variable life...
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May 20, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Scott Meador a/k/a William Scott Meador (CRD# 2202512) of UBS Financial Services. According to FINRA records, Scott Meador of UBS Financial Services is facing a pending $1,000,000 customer complaint filed in November 2024, alleging that an account used to collateralize a line of credit was unsuitably allocated...
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May 20, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Harrison Chi Chang (CRD# 4183646) of Western International Securities and Innovation Partners, following the filing numerous customer complaints with the Financial Industry Regulatory Authority (“FINRA”). A pending complaint alleges $388,000 in damages due to unsuitable investment recommendations. A previously settled customer complaint alleged $550,000 in investor damages...
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May 18, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Chris Brothers (CRD# 2186156) of Maxim Group. According to FINRA BrokerCheck, broker Christopher Thomas Brothers a/k/a Chris Brothers, is currently involved in a customer complaint alleging $300,000 in damages. The complaint, brought on behalf of six investors, further alleges unsuitable recommendations to purchase private placement investments. The...
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May 18, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes continues investigating barred broker Hagop Nalbandian (CRD# 2921246) formerly of Western International Securities. Nalbandian is currently registered as a broker with Vanderbilt Securities. According to FINRA BrokerCheck, broker Hagop Jack Nalbandian is currently involved in several customer complaints alleging over $2,700,000 in collective investor damages. The complaints relate to allegations...
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May 18, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Fariba Ronnasi (CRD# 4135998) of Elite Wealth Management, Inc. According to FINRA BrokerCheck, broker Fariba Ronnasi of Elite Wealth Management Inc. has been involved in a customer complaint in which the customers have been awarded $1,103,279 in damages in connection with allegations of negligent investment, breach of...
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May 18, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Ben Schick (CRD# 4897243) of Cobalt Capital. According to FINRA BrokerCheck, broker Ben Schick of Cobalt Capital is currently involved in a customer complaint alleging $900,000 in damages. The complaint further alleges unsuitable recommendations to invest in iCap investments. Investors that suffered losses with broker Ben Schick...
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May 18, 2025 | Broker / Advisor Investigation
National investment loss lawyers KlaymanToskes is investigating broker Tom Liu a/k/a Yilun Liu (CRD# 6834194) of Morgan Stanley. According to FINRA BrokerCheck, broker Tom Liu of Morgan Stanley is currently involved in a customer complaint alleging $640,000 in damages. The customer alleges that he was unsuitably recommended options trading and a structured product investment strategy...
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