Category: Unsuitable Investments

Erez Law is currently investigating New York broker Ahmad Maklouf (CRD# 6092943) who faces multiple customer complaints regarding suitability of investment recommendations. Maklouf has been registered with Spartan Capital Securities, LLC in New York, New York since 2017. Previously, Maklouf … Continue reading →

Erez Law is currently investigating Feltl & Company broker Timothy O’Brien (CRD# 1182298) regarding unsuitable investment recommendations. O’Brien has been registered with Feltl & Company in Inver Grove Heights, Minnesota from 2012 to 2020. In December 2020, FINRA sanctioned O’Brien … Continue reading →

Erez Law is interested in speaking with investors who may have suffered losses due to investments with Crown Capital Securities, L.P.  broker Lanny Howarter (CRD# 813591). Howarter has been registered with Crown Capital Securities, L.P. in San Diego, California since … Continue reading →

Former Presidential Brokerage, Inc. broker Cory Davern (CRD# 2945772) faces a customer complaint for investment losses. Davern has been registered with Valic Financial Advisors, Inc. in Lakewood, Colorado since January 2020. Previously, Axa Distributors, LLC in Jersey City, New Jersey … Continue reading →

In December 2020, the Securities and Exchange Commission (SEC) sanctioned Pruco Securities to pay $18 million in disgorgement, interest and penalties, as well as a censure and cease-and-desist for breach of fiduciary duty related to wrap fee programs. The penalty … Continue reading →

There are options for clients of former Morgan Stanley broker Sumitro Pal (CRD# 4763364) who suffered investment losses. Pal has been registered with Morgan Stanley in Bethesda, Maryland from 2009 to 2018. Pal has been the subject of 10 customer … Continue reading →

Erez Law recently filed a FINRA arbitration against Westpark Capital, Inc. and its broker Miguel Rivera, Jr. (CRD #3060928), who was a registered representative of Westpark Capital, Inc. in Fort Lauderdale, Florida from August 2016 through June 2018. The Erez … Continue reading →

Were you the victim of Berthel, Fisher & Company Financial Services, Inc. broker Robyn Simons (CRD# 1538638)? Simons was registered with Berthel, Fisher & Company Financial Services, Inc. in Layton, Utah from 2008 to 2017. Simons has been the subject … Continue reading →

There are options for clients of former Centaurus Financial, Inc. and LPL Financial LLC broker Galen Kopman (CRD# 3011906) who suffered investment losses. Kopman was registered with Centaurus Financial, Inc. in Vancouver, Washington from 2015 to 2018. Previously, Kopman was … Continue reading →

In December 2021, FINRA sanctioned Transamerica Financial Advisors $8.8 million over unsuitable sales of mutual funds, variable annuities, and 529 savings plans. The settlement included $4.4 million restitution and a $4.4 million fine to 2,400 affected customers. FINRA found that … Continue reading →