Browse Investment Loss News Related to Brokers, Advisors, and Firms
Our primary blog addresses a wide spectrum of investor-related issues; this section focuses specifically on investment losses tied to brokers, advisors, and financial firms.
Thomas Fross, Broker with LPL Financial, Facing Customer Dispute Alleging Unsuitable Portfolio Changes
The customer alleges that Fross failed to follow instructions between [...]
Merrill Lynch Pays Record $26.25M in Fines and Restitution in New Hampshire Case Involving Ex-Broker Charles E. Kenahan.
Kenahan was previously accused of unsuitable investment recommendations, unauthorized trading, [...]
Angelo Kafkes, Broker with Wells Fargo, Facing $100K Customer Dispute Alleging Unsuitable Recommendations
Kafkes was previously named in a customer dispute alleging unsuitable [...]
Gregory Walter McCloskey, Formerly of Newport Coast Securities, Facing FINRA Complaint Alleging He Participated in Two Undisclosed Private Securities Transactions GalleryGregory Walter McCloskey, Formerly of Newport Coast Securities, Facing FINRA Complaint Alleging He Participated in Two Undisclosed Private Securities Transactions
Gregory Walter McCloskey, Formerly of Newport Coast Securities, Facing FINRA Complaint Alleging He Participated in Two Undisclosed Private Securities Transactions
Newport Coast Securities has since been expelled by FINRA. The [...]
Bryan Mazliach, Formerly of Westpark Capital, Facing Allegations of Excessive and Unsuitable Trading
Mazliach was named in a FINRA complaint alleging that he [...]
Douglas Schmitz, Broker with Classic, LLC, Facing Customer Dispute Alleging Lack of Fiduciary Responsibility
Schmitz is also facing a customer dispute alleging unsuitable investment [...]
Gary Ginsberg, Formerly of Royal Alliance Associates, Facing Customer Dispute Involving Alternative Investment Losses
The client alleged that the due diligence review performed on [...]
Shaun Stein, Broker with National Securities Corp., Facing Customer Disputes Alleging Unsuitable Investments
Stein has two pending customer disputes seeking $850k in damages, [...]
Peter Kohli, Formerly of Trustmont Financial Group, Facing 5 Pending Customer Disputes Alleging Various Forms of Misconduct
Kohli’s former clients are collectively seeking over $850K in damages [...]
