Over Concentration

Erez Law is currently investigating Wells Fargo Clearing Services, Inc. broker Anthony Lapia (CRD# 1560467) regarding a customer complaint regarding an over-concentrated investment portfolio. Lapia has been registered with Wells Fargo Clearing Services, Inc. in Houston, Texas since 1996.  Lapia has been the subject of four customer complaints between 2001 and 2020, two of which […]

Erez Law is currently investigating Independent Financial Group, LLC broker Wenjinn Chang (CRD# 4536266) regarding unsuitable and over-concentrated investments. Chang has been registered with Independent Financial Group, LLC in Rockville, Maryland since 2012. Chang has been the subject of two customer complaints between 2018 and 2020, according to his CRD report: February 2020. “Alleges investments […]

There are options for clients of Wells Fargo Clearing Services, LLC broker Jeffrey Eiler (CRD# 1028716) who suffered investment losses. Eiler has been registered with Wells Fargo Clearing Services, LLC in Fort Lauderdale, Florida since 2006. Eiler has been the subject of 12 customer complaints between 1995 and 2018, according to his CRD report. Recent […]

Former Next Financial Group, Inc. broker Anthony Hobson (CRD# 4212302) faces one pending customer complaint for over-concentrated accounts in speculative alternative investments. Hobson has been registered with Money Concepts Capital Corp. in Griffith, Indiana since 2016. Hobson was previously registered with Investors Capital Corp. in Highland, Indiana from 2013 to 2016 and with Next Financial […]

Former Spartan Capital Securities, LLC broker Dean Kajouras (CRD# 1436548) accused of unsuitable over-concentration in customer accounts. Kajouras has been registered with Fordham Financial Management, Inc. in New York, New York since 2014. Previously, Kajouras was registered with Spartan Capital Securities, LLC in New York, New York from 2008 to 2014. In October 2016, Massachusetts […]

Raymond James Financial Services, Inc. broker Steve Reznick (CRD# 1067199) is accused of recommending a speculative investment strategy. Reznick has been registered with Raymond James Financial Services, Inc. in Tallahassee, Florida from 1989 to 2018. According to public records, Reznick recommended his clients over-concentrate their investment portfolios in the pharmaceutical and biotechnology sectors. It is […]

There are options for customers of former Laidlaw & Company broker Kevin Wilson (CRD# 3262701) who suffered investment losses. Wilson has been registered with National Securities Corporation in New York, New York since August 2017. Previously, Wilson was registered with Laidlaw & Company (UK) Ltd. in New York, New York from 2010 to 2017. Wilson […]

Did you suffer losses due to investments with Former Wells Fargo brokers Charles Frieda (CRD# 5502319) and Charles Lynch (CRD# 3004877)? The duo are accused of over-concentrating securities in the speculative and high risk energy-sector in their customer account. Frieda and Lynch were partners in business at Wells Fargo. In December 2017, Frieda and Lynch […]

In April 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $415,888, $36,500 in expert witness fees, $2,000 in costs, and $425 for the claim filing fee for a total award of $454,813. The award is related to investment losses due to mismanagement of an investor’s […]

Erez Law is currently investigating former Herbert J. Sims & Co. Inc. financial advisor Alan Appelbaum (CRD# 500336) regarding over-concentrating investments in unsuitable structure products. Appelbaum has been registered with Aegis Capital Corp. in Boca Raton, Florida since 2015. Previously, Appelbaum was registered with Herbert J. Sims & Co. Inc. in Boca Raton, Florida from […]