Investment Litigation Blog

Ronnie Metcalf Voya Financial Investor Alert: Ex-Voya Financial, Current Cetera Advisors Network Financial Adviser Facing Millions in Customer Disputes

Ronnie Metcalf Voya Financial Investor Alert: Ex-Voya Financial, Current Cetera Advisors Network Financial Adviser Facing Millions in Customer Disputes

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation into former Voya Financial and current Cetera Advisors Network registered representative Ronnie Metcalf (“Ronnie Metcalf Voya Financial Cetera Advisors Investigation”) in light of recent FINRA customer disputes filed claiming investment losses relating to the Greenville, SC financial adviser. Ronnie Metcalf Voya Financial Investigation – BrokerCheck According to FINRA BrokerCheck, Ronald Franklin Metcalf, Jr. was registered as a broker with Voya Financial Advisors from May 2000 to June 2021 out of the firm’s Greenville, SC office. Ronnie Metcalf is now registered with Cetera Advisor Networks in Greenville, SC. Ronnie Metcalf’s…

ATTENTION STEPHEN SULLIVAN SPARTAN CAPITAL SECURITIES CUSTOMERS: KlaymanToskes Investigates Broker in Light of Pending FINRA Investigation of Churning, Unsuitable Recommendations

ATTENTION STEPHEN SULLIVAN SPARTAN CAPITAL SECURITIES CUSTOMERS: KlaymanToskes Investigates Broker in Light of Pending FINRA Investigation of Churning, Unsuitable Recommendations

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Stephen Sullivan Spartan Capital Investigation”) into Spartan Capital Securities broker Stephen James Sullivan in light of a recent preliminary determination by FINRA to recommend disciplinary action to be brought against him relating to, in part, churning, excessive trading and unsuitable recommendations. Stephen Sullivan Spartan Capital Investigation and FINRA’s Preliminary Determination According to FINRA BrokerCheck, on August 10, 2021, FINRA made a preliminary determination to recommend that disciplinary action be brought against Stephen Sullivan alleging violations of Section 10(b) of the Exchange Act, Exchange Act Rule 10b-5, and FINRA Rules…

ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses

ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Horizon Oppenheimer Investigation”) of potential FINRA arbitration claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) customers who invested in the alleged Horizon Private Equity III (“Horizon”) Ponzi scheme. Horizon Oppenheimer Investigation – Oppenheimer, Southport Capital, and Horizon Private Equity III Ponzi Scheme Investors are suing Oppenheimer for its role in enabling a massive Ponzi scheme devised by Marietta, Georgia resident and former Oppenheimer registered representative, John Woods, which was operated through his firm, Southport Capital. From 2008 to 2016, John Woods and his brother Jim…

ALAN BERGER TRIAD ADVISORS CUSTOMER ALERT: National Investor Fraud Firm KlaymanToskes Continues to Investigate on Behalf of GPB Capital Investors

ALAN BERGER TRIAD ADVISORS CUSTOMER ALERT: National Investor Fraud Firm KlaymanToskes Continues to Investigate on Behalf of GPB Capital Investors

National investor fraud law firm, KlaymanToskes (“KT”) has commenced an investigation of former Triad Advisors and current Arkadios Capital broker Alan Stuart Berger (“Alan Berger Triad Advisors GPB Investigation”) in light of a FINRA arbitration filed against Alan Berger in September 2020 alleging GPB Capital losses. GPB Capital sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks and commissions which made the investments unsuitable for most investors. Among other GPB securities, KlaymanToskes in investigating GPB Automotive Portfolio, LP, which was sold by brokerage firms, including Triad Advisors. Alan Berger was registered with Triad Advisors, LLC  from…

NOTICE TO GPB AUTOMOTIVE ARETE WEALTH INVESTORS: National Investor Fraud Firm KlaymanToskes Continues to Investigate on Behalf of GPB Capital Investors

NOTICE TO GPB AUTOMOTIVE ARETE WEALTH INVESTORS: National Investor Fraud Firm KlaymanToskes Continues to Investigate on Behalf of GPB Capital Investors

Did you suffer GPB Capital investment losses? National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“GPB Automotive Arete Wealth Investigation”) claims against full-service brokerage firms on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital, in the form of notes, including Arete Wealth. GPB Automotive Arete Wealth Investigation GPB Capital sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks and commissions which made the investments unsuitable for most investors. Among other GPB securities, KlaymanToskes in investigating GPB Automotive Portfolio, LP, which was sold by brokerage firms, including Arete Wealth.…

ATTENTION GPB AUTOMOTIVE AEGIS CAPITAL INVESTORS: National Investor Fraud Law Firm Continues to Investigate Claims on Behalf of GPB Capital Investors

ATTENTION GPB AUTOMOTIVE AEGIS CAPITAL INVESTORS: National Investor Fraud Law Firm Continues to Investigate Claims on Behalf of GPB Capital Investors

Did you suffer GPB Capital investment losses? National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“GPB Automotive Aegis Capital Investigation”) claims against full-service brokerage firms on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Holdings, LP in the form of notes, including Aegis Capital. GPB Automotive Aegis Capital Investigation GPB Capital sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks and commissions which made the investments unsuitable for most investors. Among other GPB securities, KlaymanToskes in investigating GPB Automotive Portfolio, LP, which was sold by Aegis Capital. Brokerage firms…

GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Continues to Investigate and Pursue Millions of Dollars in FINRA Arbitration Claims for Investors

GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Continues to Investigate and Pursue Millions of Dollars in FINRA Arbitration Claims for Investors

Did you suffer GPB Capital investment losses? National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Holdings, LP in the form of notes. GPB Capital Investments Under Investigation GPB Capital sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks and commissions which made the investments unsuitable for most investors. The securities under investigation include: GPB Automotive Portfolio, LPGPB Cold Storage, LPGPB Holdings, LPGPB Holdings II, LPGPB Holdings III, LPGPB Holdings Qualified, LP     GPB NYC Development,…

SCOTT HANANEL AEGIS CAPITAL INVESTOR ALERT: Former Melville, NY Broker Facing Customer Disputes on Investment Losses

SCOTT HANANEL AEGIS CAPITAL INVESTOR ALERT: Former Melville, NY Broker Facing Customer Disputes on Investment Losses

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation into former Aegis Capital broker Scott Hananel (“Scott Hananel Aegis Capital Investigation”) in light of recent FINRA customer disputes filed claiming investment losses relating to the former Melville, NY broker. Scott Hananel Aegis Capital Investigation – BrokerCheck According to FINRA BrokerCheck, former Aegis Capital broker Scott Neil Hananel was last registered with Aegis Capital Corporation (Branch Location was Melville, NY) from February 2010 to February 2021. Scott Hananel’s FINRA BrokerCheck shows three pending customer disputes: February 2021. On February 1, 2021, customers filed a FINRA arbitration claim against Scott…

NOTICE TO GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Pursues Claim Seeking Over $1,000,000 for GPB Capital Losses, Continues to Investigate FINRA Arbitration Claims for Investors

NOTICE TO GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Pursues Claim Seeking Over $1,000,000 for GPB Capital Losses, Continues to Investigate FINRA Arbitration Claims for Investors

National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes, including a claim (FINRA Case No. 20-00096) seeking over $1,000,000 against Royal Alliance Associates, Inc. (“Royal Alliance”). GPB Capital Investigation According to the claim, the investor instructed Royal Alliance to invest his hard-earned savings and inheritance in a suitable manner, which included protecting his principal and present income. Instead, Royal Alliance concentrated a substantial portion of the investor’s assets into…

NOTICE TO HAENA PARK PHAETRA FUNDS INVESTORS: National Investor Fraud Law Firm KlaymanToskes Is Investigating Individual Securities Arbitration Claims in Excess of $100,000 in Light of the Recently Filed Class Action Complaint Against Interactive Brokers

NOTICE TO HAENA PARK PHAETRA FUNDS INVESTORS: National Investor Fraud Law Firm KlaymanToskes Is Investigating Individual Securities Arbitration Claims in Excess of $100,000 in Light of the Recently Filed Class Action Complaint Against Interactive Brokers

National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“Haena Park Phaetra Funds Investigation”) on behalf of investors of Haena Park’s Phaetra Funds Ponzi-like scheme in light of the recently filed Class Action Complaint against Interactive Brokers (Benjamin Chang v. Interactive Brokers LLC, N.D. Cal., Case No. 5:21-cv-05967). Investors should strongly consider exploring all their legal options regarding this Class Action Complaint. Haena Park Phaetra Fund Investigation – Class Action Complaint Allegations According to the Interactive Broker Class Action allegations, Park lost over $14M of her investors’ contributions in a Ponzi-like scheme that was aided and abetted by Interactive Brokers…

ATTENTION GPB CAPITAL ROYAL ALLIANCE INVESTORS: National Investor Fraud Law Firm KlaymanToskes Pursues Claim Seeking Damages Up to $5,000,000 Against Royal Alliance for GPB Capital Losses, Continues to Investigate FINRA Arbitration Claims for Investors

ATTENTION GPB CAPITAL ROYAL ALLIANCE INVESTORS: National Investor Fraud Law Firm KlaymanToskes Pursues Claim Seeking Damages Up to $5,000,000 Against Royal Alliance for GPB Capital Losses, Continues to Investigate FINRA Arbitration Claims for Investors

National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate (“GPB Capital Royal Alliance Investigation”) and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes, including a claim (FINRA Case No. 19-01153) seeking damages up to $5,000,000 against Royal Alliance Associates, Inc. (“Royal Alliance”). GPB Capital Royal Alliance Investigation – FINRA Case No. 19-01153 According to the claim, Royal Alliance’s financial advisor, Matthew Crafa, represented to the investors that GPB Capital investments were safe, low risk products that would preserve their principal and…

GPB Capital Investor? The Securities Arbitration Law Firm of KlaymanToskes Continues to Investigate, Pursue Claims Against Full-Service Brokerage Firms on Behalf of GPB Capital Investors

GPB Capital Investor? The Securities Arbitration Law Firm of KlaymanToskes Continues to Investigate, Pursue Claims Against Full-Service Brokerage Firms on Behalf of GPB Capital Investors

National investor fraud law firm, KlaymanToskes (“KT”), has filed multiple Financial Industry Regulatory Authority (“FINRA”) arbitration claims for clients who were solicited by broker-dealers to purchase private placement securities of GPB Capital Holdings (“GPB”) in the form of notes, and continues to investigate the sales practices of additional broker-dealers (“GPB Capital Investment Loss Investigation”). Under FINRA Rules, brokerage firms have an obligation to make suitable recommendations to their customers. They must also conduct adequate due diligence of facts concerning the risks associated with the investments. GPB Capital Investigation More than 60 brokerage firms sold $1.5 billion of high-risk private placement GPB funds, including Royal Alliance…

NOTICE TO GPB CAPITAL INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Continues to Investigate Claims on Behalf of Investors Who Purchased GPB Capital Through Advisors of TD AMERITRADE ADVISORDIRECT® Referral Program

NOTICE TO GPB CAPITAL INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Continues to Investigate Claims on Behalf of Investors Who Purchased GPB Capital Through Advisors of TD AMERITRADE ADVISORDIRECT® Referral Program

National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims against TD Ameritrade (“GPB Capital TD Ameritrade Investigation”) on behalf investors who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through the TD Ameritrade AdvisorDirect® Referral Program. TD Ameritrade, which was recently acquired by Charles Schwab (NYSE: SCHW), offers to help investors find a Registered Investment Advisor through AdvisorDirect® advisory service. TD Ameritrade made clear that based on your personal needs, “Our AdvisorDirect® referral program gets you an introduction to an independent Registered…

ATTENTION THOMAS STRATTON WORLD CHOICE SECURITIES CUSTOMERS: FINRA BARS BROKER RELATING TO ITS INVESTIGATION OF POTENTIAL MISUSE OF CUSTOMER FUNDS

ATTENTION THOMAS STRATTON WORLD CHOICE SECURITIES CUSTOMERS: FINRA BARS BROKER RELATING TO ITS INVESTIGATION OF POTENTIAL MISUSE OF CUSTOMER FUNDS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Thomas Stratton World Choice Securities Investigation”) into World Choice Securities broker Thomas Ward Stratton in light of his recent bar from the securities industry. On August 12, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred World Choice Securities broker Thomas Stratton relating to his refusal to provide information and documents requested pursuant to FINRA Rule 8210 and 2010. The matter originated from a tip to FINRA’s Securities Helpline for Seniors. What is a FINRA AWC? According to FINRA Rule 9216, if FINRA’s Department of Enforcement…

ATTENTION CASEY KEMERLY EDWARD JONES CUSTOMERS: The Securities Arbitration Law Firm of KlaymanToskes Announces Investigation of Former Edward Jones Broker Barred by FINRA

ATTENTION CASEY KEMERLY EDWARD JONES CUSTOMERS: The Securities Arbitration Law Firm of KlaymanToskes Announces Investigation of Former Edward Jones Broker Barred by FINRA

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Casey Kemerly Edward Jones Investigation”) into former Edward Jones broker Casey Kemerly in light of a recent disciplinary action disclosed by FINRA. On August 4, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred former Edward Jones broker Casey Kemerly relating to his refusal to provide information and documents requested pursuant to FINRA Rule 8210 and 2010. What is a FINRA AWC? According to FINRA Rule 9216, if FINRA’s Department of Enforcement has reason to believe a member or associated person has committed a violation,…

ATTENTION HJ SIMS BOCA RATON FL CUSTOMERS: KlaymanToskes Announces Investigation of HJ Sims’s Boca Raton, FL Branch in Light of the SEC’s Recent $250,000 Fine for Unsuitable Variable Interest Rate Structured Products Recommendations

ATTENTION HJ SIMS BOCA RATON FL CUSTOMERS: KlaymanToskes Announces Investigation of HJ Sims’s Boca Raton, FL Branch in Light of the SEC’s Recent $250,000 Fine for Unsuitable Variable Interest Rate Structured Products Recommendations

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“HJ Sims Boca Raton FL Investigation”) into the Boca Raton, Florida branch of Herbert J. Sims & Co., Inc. (“HJ Sims”) in light of the SEC’s recent $250,000 fine of the brokerage firm relating to its failure to supervise their registered representatives’ unsuitable recommendations of variable interest rate structured products to certain customers. What Are Variable Interest Rate Structured Products? Variable Interest Rate Structured Products, or VRSPs, sold by HJ Sims were structured securities typically issued by large well-known financial institutions with stated fixed maturity periods and periodic interest…

GPB CAPITAL TD AMERITRADE INVESTOR ALERT: KlaymanToskes Continues to Investigate TD Ameritrade’s ADVISORDIRECT® Referral Program for GPB Capital Investment Losses

GPB CAPITAL TD AMERITRADE INVESTOR ALERT: KlaymanToskes Continues to Investigate TD Ameritrade’s ADVISORDIRECT® Referral Program for GPB Capital Investment Losses

National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate on behalf of investors who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through the TD Ameritrade AdvisorDirect® Referral Program (GPB Capital TD Ameritrade). What is TD Ameritrade’s AdvisorDirect Referral Program? TD Ameritrade, which was recently acquired by Charles Schwab, offers to help investors find a Registered Investment Advisor (RIA) through AdvisorDirect® advisory service. TD Ameritrade’s website makes clear that based on your personal needs, “Our AdvisorDirect® referral program gets you an introduction to an independent Registered Investment Advisor (RIA)”.…

ATTENTION FELIX CHU NYLIFE SECURITIES CUSTOMERS: KlaymanToskes Announces Investigation of Former California-Based NYLife Securities Broker

ATTENTION FELIX CHU NYLIFE SECURITIES CUSTOMERS: KlaymanToskes Announces Investigation of Former California-Based NYLife Securities Broker

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Felix Chu NYLife Securities Investigation) into former NYLife Securities broker Felix Chu in light of allegations of him running a Ponzi scheme involving promissory notes. Felix Chu was formerly registered out of NYLife’s Pleasant Hill, California branch location. Felix Chu, Derek Chu, and Promissory Note Ponzi Scheme Allegations Former customers of Felix Chu allege that the former NYLife broker recommended them to invest life insurance proceeds, retirement funds, and other assets in the purchase of unregistered promissory notes issued by Felix Chu and his son, Derek Chu, or entities…

ATTENTION WALTER ALLEN CETERA ADVISORS SUFFIELD CT CUSTOMERS: FINRA Bars Former Cetera Advisors Broker

ATTENTION WALTER ALLEN CETERA ADVISORS SUFFIELD CT CUSTOMERS: FINRA Bars Former Cetera Advisors Broker

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Walter Allen Cetera Advisors Suffield CT Investigation”) into former Cetera Advisors broker Walter Allen in light of a recent disciplinary action disclosed by FINRA. On August 4, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred former Cetera Advisors broker Walter Allen (Suffield, Connecticut) relating to his refusal to provide information and documents requested pursuant to FINRA Rule 8210 and 2010. What is a FINRA AWC? According to FINRA Rule 9216, if FINRA’s Department of Enforcement has reason to believe a member or…

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Announces Preparation to File FINRA Arbitration Claim on Behalf of Investor Who Purchased GPB Capital Through Advisor of TD AMERITRADE ADVISORDIRECT® Referral Program

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Announces Preparation to File FINRA Arbitration Claim on Behalf of Investor Who Purchased GPB Capital Through Advisor of TD AMERITRADE ADVISORDIRECT® Referral Program

National investor fraud law firm, KlaymanToskes (“KT”), announces that it is preparing to file a claim against TD Ameritrade on behalf of an investor who sustained losses in GPB Holdings, LP and other related non-registered private placement securities, as a result of recommendations from their investment advisor through the TD Ameritrade AdvisorDirect® Referral Program (GPB Capital TD Ameritrade). TD Ameritrade, which was recently acquired by Charles Schwab (NYSE: SCHW), offers to help investors find a Registered Investment Advisor (RIA) through AdvisorDirect® advisory service. TD Ameritrade’s website makes clear that based on your personal needs, “Our AdvisorDirect® referral program gets you…