Category: Unsuitable Investments
Did former Voya Financial Advisors, Inc. broker James Flynn (CRD# 3082615) recommend you unsuitable REITs and illiquid investments? According to reports in a local newspaper, in September 2020, Flynn has fled the country and may be in the Caribbean. Flynn … Continue reading
Were you the victim of former UBS Financial Services Inc. broker David Fagenson (CRD# 1652012)? Fagenson has been registered with Newbridge Securities Corporation in Boca Raton, Florida since December 2016. Previously, he was registered with UBS Financial Services Inc. in … Continue reading
Former Ameritas Investment Corp. broker Kristian Gaudet (CRD# 4190811) has three recent customer complaints investment losses due to the barred broker’s recommendations. Gaudet was registered with Ameritas Investment Corp. in Cut Off, Louisiana from 2003 to 2018, when he was … Continue reading
Former Raymond James & Associates, Inc. broker James Edward Lyons (Eddie Lyons) (CRD# 1020397) is accused of unauthorized trading and unsuitable investments in high risk Master Limited Partnerships (MLPs) linked to the high-risk energy sector. Lyons was registered with Raymond … Continue reading
Raymond James & Associates, Inc. broker Maria Hendershot (CRD# 818681) is accused of sector concentration leading to investor losses. Hendershot has been registered with Raymond James & Associates, Inc. in Houston, Texas since 2006. Raymond James & Associates, Inc. has … Continue reading
Former Center Street Securities, Inc. broker Satya Shaw (CRD# 1229175) is alleged to make unsuitable investment recommendations. Satya Shaw was registered with Center Street Securities, Inc. in Wesley Chapel, Florida from 2010 to 2016. In July 2019, the Florida Office of … Continue reading
Erez Law recently filed a statement of claim against Morgan Stanley. The customer alleges that Jaime Sahlstrom (CRD #4722007), a former broker at Morgan Stanley, recommended a speculative and unsuitable investment strategy of investing the client’s accounts in high risk … Continue reading
Erez Law recently filed a lawsuit against Jay Jackler, a registered certified public accountant (CPA), who is alleged to recommend his former client invest in the Castleberry Silver Alternative Investment Fund. The allegations in the complaint filed in Palm Beach … Continue reading
Cambridge Investment Research, Inc. broker John Pronovost (CRD# 1990612) is accused of recommending unsuitable investments in LJM funds. Pronovost has been registered with Cambridge Investment Research, Inc. in Watertown, Connecticut since 2008. If your Pronovost sold you the LJM Funds … Continue reading
Barred broker Rand Heckler (CRD# 2689235) is accused of recommending unsuitable investments to clients, resulting in losses. Heckler was registered with Benjamin & Jerold Brokerage I, LLC in Glen Cove, New York from 2014 to 2019. Previously, Heckler was registered … Continue reading