Murray, Utah financial advisor Ray DeWitt (CRD# 2894063) allegedly violated federal securities law, according to a recent investor complaint. Financial...
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Tim Campbell: Fired MML Advisor Faces Complaint
Boca Raton financial advisor Tim Campbell (CRD# 3046265) recently received an investor complaint alleging discrepancies in account forms. Financial Industry Regulatory Authority records show that he is a broker with Newbridge Securities Corporation, having previously been registered with MML Investors Services.
Andrew Pesner: 6-Figure Complaint Against VCS Advisor
A recent investor complaint against Hauppage, New York financial advisor Andrew Pesner (CRD# 1971579) alleges that his advice resulted in damages of more than $250,000. Financial Industry Regulatory Authority records show that he is a broker with VCS Venture Services, having previously been registered with Joseph Stone Capital.
Richard Rogers: Ex-Belpointe Advisor Resigned over Allegations
Phoenix, Arizona financial advisor Richard Rogers (CRD# 1847671) recently resigned from a former member firm in connection with allegations of misconduct. Financial Industry Regulatory Authority records show that the former Belpointe Asset Management advisor is currently registered with Brookwood Investment Group.
Randall McGill: $75K GWG L Bond Complaint Against Ausdal Advisor
A recent investor complaint against Homer Glen, Illinois financial advisor Randall McGill (CRD# 1309727) alleges misconduct relating to an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and former investment advisor with Ausdal Financial Partners.
George Eggers: Heights Financial Advisor Lands $100K Complaint
Haddon Heights, New Jersey financial advisor George Eggers (CRD# 1228371) recently received an investor complaint alleging his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker Cetera Advisor Networks and an investment advisor with with Cetera Investment Advisers, doing business as Heights Financial Group.
Devin Patel: Ex-Financial Gravity Advisor Receives $1.5mm Complaint
A recent investor complaint against Tampa financial advisor Devin Patel (CRD# 6632487) alleges that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is a broker with Sanford C. Bernstein & Company and an investment advisor with AllianceBernstein, having previously been registered with Financial Gravity Asset Management.
Mike Hamilton: SEC Brings Charges Against Hamilton Wealth Advisor
Fort Myers financial advisor Mike Hamilton (CRD# 2038138) allegedly may have violated the Securities Exchange Act of 1934, according to a pending enforcement action recently filed by the Securities and Exchange Commission. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, doing business as Hamilton… Read More »
Robert Doyle: $1 Million Complaint Against Axiom Advisor
New York City financial advisor Robert Doyle (CRD# 2309859) recently received an investor complaint alleging his conduct resulted in million-dollar losses. Financial Industry Regulatory Authority records show that he is a broker with Axiom Capital Management.
What is reverse churning by an investment advisor?
Churning a brokerage account refers to the excessive buying and selling of securities by a broker for the primary purpose of generating commissions rather than acting in the best interest of the client. Reverse churning is the opposite – where little to no trades are done in an account, but the client pays fees… Read More »
Shawn Clark: Mosaic Advisor Lands $50K-$100K Complaint
Former Tampa, Florida broker Shawn Clark (CRD# 6723045) allegedly recommended unsuitable investments that resulted in potentially six-figure damages, according to a recent investor complaint. Records provided by the Financial Industry Regulatory Authority show that the former Center Street Securities broker is an investment advisor with Continuum Advisory and the founder of Mosaic Wealth Partners.
