Hagin Richeson: $3mm Complaint Against Corinthian Advisor

Multiple investor complaints against Clearwater, Florida financial advisor Hagin Richeson (CRD# 5380166) allege that his conduct resulted in multimillion-dollar damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Corinthian Partners.

Mr. Richeson’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Corinthian Partners, he violated state and federal securities laws, breached contract, misrepresented material information, engaged in unjust enrichment, breached his fiduciary duty, and committed professional malfeasance. The pending complaint alleges damages of $3 million.

An earlier investor complaint, filed in 2023, alleged that as a representative of Corinthian Partners, he engaged in improper sales practices, failed to conduct adequate due diligence, and recommended unsuitable investments. The pending complaint alleges damages of $9 million.

A third investor complaint, filed in 2023, alleges that as a Corinthian Partners representative, he recommended an unsuitable corporate bond investment and employed improper sales practices. The pending complaint alleges damages between $100,000 and $500,000.

Corinthian Partners’ website includes a page describing the firm’s values and approach. “Corinthian’s boutique, entrepreneurial environment enables our dedicated professionals to relate with our clientele, many of whom are themselves growth companies and entrepreneurs,” it states. “Integrity and trust are the foundation of our longstanding client relationships and the cornerstone of our client’s success.”

According to the Financial Industry Regulatory Authority, Hagin Richeson holds 15 years of securities industry experience. Based in Clearwater, Florida, he has been registered as a broker and an investment advisor with Corinthian Partners since 2016 and 2022, respectively. He was previously registered with Ameriprise Financial Services in Tampa, Florida from 2007 until 2015. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama, California, Colorado, Florida, Georgia, Maryland, New York, Puerto Rico, South Carolina, Texas, and Washington. (Information current as of June 8, 2024.)

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