Former Orlando, Florida financial advisor Richard Routie (CRD# 4379905) was recently sanctioned and suspended in connection with allegations that he...
Read MoreAuthor Archives: chase@carlson-law.com
Morgan Stanley’s Brian Purcell Faces Structured Products Complaint
Santa Rosa, California financial advisor Brian Purcell (CRD# 2334888) allegedly provided unsuitable investment advice, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Morgan Stanley, having previously been registered with Merrill Lynch.
George Kuruvilla: $1mm Complaint Against LifeMark Advisor
Yonkers financial advisor George Kuruvilla (CRD# 1000316) recently received an investor complaint alleging his investment advice resulted in losses. Records provided by the Financial Industry Regulatory Authority show that he is a broker with LifeMark Securities Corporation and an investment advisor with Virtue Capital Management.
Angel Ferrer & Mike Persinkski: Ex-Citi Advisors Face $56mm Complaint
Hilton Head, South Carolina financial advisor Angel Ferrer (CRD# 4220368) and Coral Gables, Florida financial advisor Mike Persinski (CRD# 1478332) allegedly caused $56 million in damages, according to a recent investor complaint. Financial Industry Regulatory Authority records show that each is registered as a broker and an investment advisor with Merrill Lynch.
Aubrey Morrow: Financial Designs Advisor Faces $100K-$500K Complaint
San Diego financial advisor Aubrey Morrow (CRD# 836500) allegedly recommended unsuitable investments, according to recent investor complaints. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Concorde Investment Services, doing business as Financial Designs.
William Hayden: $265K Oil & Gas Complaint Against Texas Securities Advisor
A recent investor complaint against Carrollton, Texas financial advisor William Hayden (CRD# 2303449) alleges that he recommended an unsuitable oil and gas investment. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker with Texas Securities, having previously been registered with Nobles and Richards.
True Capital Management Settles with SEC
True Capital Management, a registered investment advisory firm that specialized in managing money for professional athletes, settled with the Securities and Exchange Commission relating to allegations that it received commissions for selling clients real estate investments. True Capital Management agreed to a $150,000 penalty, disgorgement of $594,897, and prejudgment interest of $76,896. Registered investment… Read More »
Joseph Smith Jr.: Newbridge Advisor Lands $100K-$500K Complaint
Boca Raton, Florida financial advisor Joseph Smith Jr. (CRD# 428137) recently received an investor complaint alleging damages as high as $500,000. Financial Industry Regulatory Authority records show that he is a broker with Newbridge Securities Corporation, having previously been registered with RM Stark & Company and The Strategic Financial Alliance.
Steve Liddell: UBS Advisor Receives $100K-$500K Options Complaint
Plano, Texas financial advisor Steve Liddell (CRD# 1509609) recently received an investor complaint alleging that an options overlay strategy was unsuitable. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with UBS Financial Services, whose website describes him as a member of the Liddell Wealth Management Group.
Norman Harp: BB Graham Advisor Faces $100K Complaint
A recent investor complaint against Leawood, Kansas financial advisor Norman Harp (CRD# 2480563) alleges that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker with BB Graham & Company and an investment advisor with Retirement Resources, having previously been registered with Moloney Securities.
J.R. Thacker: $340K Complaint Against Thacker & Associates Advisor
Bristol, Virginia financial advisor J.R. Thacker (CRD# 2754773) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker with Center Street Securities, doing business as Thacker and Associates. He is an investment advisor with Arete Wealth Management.
