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Aaron Israels Secures FINRA Award of Nearly $9.5 Million for Investors
A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded approximately $9.5 million in compensatory damages plus interest to a group of investors represented by Aaron Israels of the securities Israels & Neuman, PLC, following claims against A.G. Morgan Financial Advisors, LLC and its principals, Vincent Jerome Camarda and James Edward McArthur.
The final arbitration award was issued on January 28, 2026.
View the Arbitration Award Here
Claims Brought on Behalf of Multiple Investors
The investors, represented by Israels & Neuman, PLC, asserted claims including breach of fiduciary duty, failure to supervise, negligence, breach of contract, and violations of FINRA rules arising from multiple securities investments.
Nearly $9.5 Million Awarded, Plus Ongoing Interest
The arbitration award holds Camarda and A.G. Morgan jointly and severally liable for the majority of the damages, with McArthur and A.G. Morgan jointly liable for a smaller portion.
Individual investor awards ranged from tens of thousands of dollars to more than $2.5 million, with interest accruing daily until the amounts are fully paid. In total, the panel awarded $9,494,007 in compensatory damages, along with costs and fees. All but one of the investors represented recovered damages in the case.
Media Coverage Highlights Pattern of Misconduct
The arbitration decision was reported by Financial Advisor IQ, which noted that A.G. Morgan and its principals have lost multiple arbitration cases in recent months, resulting in millions of dollars in awards to investors.
The report further noted that Camarda has failed to pay multiple prior arbitration awards or settlements, and that the respondents are defendants in an ongoing SEC enforcement action alleging the sale of unregistered securities to hundreds of investors.
View the Financial Advisor IQ Article Here
Frequently Asked Questions
What is FINRA arbitration?
FINRA arbitration is a dispute resolution process used to resolve disputes between investors and brokerage firms or investment advisers. Arbitration decisions are final and binding.
What does “joint and several liability” mean?
Joint and several liability means each responsible party can be held liable for the full amount of the damages awarded, regardless of how responsibility is divided among them.
Why did the panel enter a default judgment?
The panel entered a default judgment after the respondents failed to comply with discovery obligations and failed to appear at scheduled hearings.
Does winning a FINRA arbitration guarantee recovery?
No. While an arbitration award establishes liability, investors may still face challenges collecting the awarded amounts, particularly when respondents have a history of unpaid awards.
How can investors determine whether they have a claim?
Investors who suffered losses due to unsuitable investments, misrepresentations, or supervision failures should consult with an experienced securities attorney to evaluate potential claims.
Israels & Neuman Represents Investors Nationwide
Aaron Israels, who is the managing partner of Israels & Neuman PLC, represents investors nationwide in FINRA arbitrations and securities fraud matters involving unsuitable investments, private placements, promissory notes, and supervision failures.
Call today for a Free and Confidential Case Review
All of our arbitration cases are taken on a contingency fee basis, meaning no up-front costs! Call us to discuss your potential case and let us help you recover the money you deserve.