Paramus, New Jersey financial advisors Shalom Azar (CRD# 7125424) and Sandy Fischman (CRD# 5902109) recently received an investor complaint alleging...
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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.
Brad Meyers: Did Arete Advisor Recommend Unsuitable Investment?
A recent investor complaint against Mission Viejo financial advisor Brad Meyers (CRD# 6455807) alleges that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is a broker registered with Arete Wealth Management and an investment advisor registered with 25 Financial, having previously been registered with Larson Financial Securities.
Chris Russo: GPB, GWG Complaint Against Worldwide Wealth Advisor
Westbury, New York financial advisor Chris Russo (CRD# 2744913) recently received an investor complaint in connection with investments in GWG Holdings and GPB Capital. Financial Industry Regulatory Authority records show that he is a broker with B. Riley Wealth Management, doing business as Worldwide Wealth Group.
Viqas Akhtar: Ex-National Securities Advisor Faces Investor Complaint
Miami financial advisor Viqas Akhtar (CRD# 5624412) recently received an investor complaint alleging he engaged in excessive trading. Records maintained by the Financial Industry Regulatory Authority show that he is a broker with B. Riley Wealth Management, having previously been registered with National Securities Corporation.
Dan Lundquist: $50K-$100K GWG Complaint Against Ausdal Advisor
Elgin, Illinois financial advisor Dan Lundquist (CRD# 2784929) recently received an investor complaint alleging that he breached his fiduciary duty and misrepresented material facts regarding an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Ausdal Financial Partners.
Mitchell Jacobs: $222K Complaint Against Ameriprise Advisor
A recent investor complaint against Houston financial advisor Mitchell Jacobs (CRD# 2634912) alleges damages of more than $200,000. Records provided by the Financial Industry Regulatory Authority show that he is currently registered as a broker and an investment advisor with Ameriprise Financial Services.
Eric Davidson: Aegis Denies $300K Complaint Against Portland Advisor
Portland, Oregon financial advisor Eric Davidson (CRD# 2731195) allegedly recommended unsuitable investments, according to a recent, denied investor complaint. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Aegis Capital, having previously been registered with JHS Capital Advisors.
SEC Charges Matthew Bruderman, Bruderman Asset Management
The Securities and Exchange Commission (SEC) has settled charges against advisory firm Bruderman Asset Management and its principal Matthew Bruderman (CRD# 2210472), according to a press release issued on September 26, 2023. The charges concerned allegations that Mr. Bruderman and his firm failed to disclose “the misuse of proceeds raised from investment advisory clients”… Read More »
