Allegations Against Bradley Carrier

According to FINRA’s BrokerCheck, Synergy Investment Management fired Bradley Carrier in November 2025.  BrokerCheck discloses that he allegedly “directed non-clients to an outside investment opportunity, in violation of Firm policy”.

The report does not further disclose details about the outside investment.  However, generally licensed advisors are required to disclose all outside business activities to their firms.

History on Bradley Carrier

Bradley Carrier was licensed with Synergy Investment Management from April 2025 to November 2025 in Altamonte Springs, Florida.  He was also licensed with LPL Financial from April 2025 to December 2025. 

Can Synergy Investment Management or LPL Financial Be Responsible for Customer Losses?

FINRA Rule 3110 requires securities brokerage firms like LPL Financial to adequately supervise the activity of its advisors.  LPL Financial and Synergy Investment Management could be responsible for investor losses if it failed to reasonably supervise him.

Israels & Neuman Law Firm Represents Investors in Florida

We represent investors throughout the United States as well as Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  We have represented investors in Florida in the past  and Attorney David Neuman is licensed to practice law in Florida.  If you were a client of Bradley Carrier and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Carrier’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call Israels & Neuman today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

FINRA’s Allegations

FINRA alleged that it initiated an investigation into Danish Rauf regarding allegations that he engaged in undisclosed outside business activities.  In November 2025, he was terminated by U.S. Bancorp Investments regarding allegations of “soliciting investments into an undisclosed Outside Business Activity in violation of FINRA Rules 3270 and 3280 and Firm policy”.  Generally, under FINRA Rules 3270 and 3280, brokers must disclose all business activities that they are involved in, and they must disclose all securities that they are selling.

In response, Rauf refused to appear for an on-the-record interview.  That led to him being barred from the securities industry.

Danish Rauf’s Industry History

Danish Rauf was affiliated with U.S. Bancorp Investments from August 2016 to November 2025.  He worked in Des Plaines, Illinois. 

U.S. Bancorp Potential Liability to its Customers

Pursuant to FINRA Rule 3110, broker-dealers like U.S. Bancorp Investments must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise advisors like Danish Rauf, it could be liable for any investor harm.

Our firm represents investors throughout the country as well as Illinois, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  Attorney David Neuman is licensed to practice law in Illinois and grew up in the western suburbs of Chicago.  Israels & Neuman has an office in downtown Chicago.

If you were a client of Danish Rauf and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Danish Rauf FINRA AWC
• View his BrokerCheck Report

Contact Us for a Free Case Evaluation

(720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights. We have experience representing Illinois investors and are ready to help you recover what you deserve.

Customer Allegations Regarding Gary Harlap

In December 2025, a customer filed a FINRA arbitration matter against UBS Financial Services.  According to BrokerCheck, the Claimants alleged that their advisor (Harlap) improperly recommended a concentrated position in structured notes and alternative investments.  The customer alleged losses between $100,000 and $500,000.

Background on Igor Harlap

Igor or “Gary” Harlap has been licensed with UBS Financial Services since 1998 at a Philadelphia, Pennsylvania office.  He was also the subject of another customer complaint in 2008 which resulted in a settlement of $1.75 million.

Can UBS Financial Services Be Responsible for Harlap’s Conduct?

Pursuant to FINRA Rule 3110, brokerage firms must adequately supervise the activity of its advisors.  UBS Financial Services could be responsible for investor losses if it failed to reasonably supervise him.

Israels & Neuman Helps Investors in Pennsylvania

We represent investors throughout the United States, including Pennsylvania, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  We have represented numerous investors in Pennsylvania in the past.  If you were a client of Gary Harlap and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Harlap’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

FINRA alleged that it initiated an investigation into Hugo Hernandez of El Paso, Texas, regarding allegations that he “failed to return investment funds, engaged in undisclosed private securities transactions and outside business activities, or borrowed money from customers in violation of FINRA rules”.  He previously worked with MML Investor Services.  Generally, under FINRA Rules 3270 and 3280, brokers must disclose all business activities that they are involved in, and they must disclose all securities that they are selling.

In response, Hernandez refused to appear for an on-the-record interview, which led to him being barred from the securities industry.

Hugo Hernandez Industry History

Hugo Hernandez was affiliated with MML Investors Services from May 2017 to July 2024.  He was also previously licensed with NYLife Securities.  He worked in an El Paso, Texas office.  In addition, Hernandez also was licensed to sell insurance through Mass Mutual Life Insurance, an affiliate of MML Investors Services.

Potential Responsibility MML Investors Services

Pursuant to FINRA Rule 3110, broker-dealers like MML Investor Services must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise Hernandez, it could be liable for any investor harm.

Israels & Neuman represents investors throughout the country including Texas, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Hugo Hernandez and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Hugo Hernandez FINRA AWC
• View his BrokerCheck Report

Contact Us for a Free Case Evaluation

All of our FINRA Arbitration cases are taken on a contingency basis, meaning no recovery, no fees and no up-front costs.

Call us today at (720) 599-3505 or (206) 795-5798

FINRA opened an investigation into Brian Boyer Davis and Ryan W. Davis of Tulsa, Oklahoma, regarding the family members’ alleged involvement in a private securities transaction.  Essentially, FINRA was trying to determine whether Brian and Ryan Davis sold investments that were not authorized by their firm, Principal Securities.  After the Davises refused to cooperate with FINRA’s investigation, FINRA barred them from the industry.

Brian and Ryan Davis Industry History

Brian Davis was affiliated with Principal Securities from January 2020 to June 2023, and was also previously licensed with MWA Financial Services.  He worked in Tulsa, Oklahoma.  Additionally, Brian has been the subject of a customer complaint, where the customer alleged that he, among other defendants, failed to repay a promissory note.

Ryan Davis was with Principal Securities from February 2020 to February 2023 and also previously worked for MWA Financial Services in Tulsa, Oklahoma. He is the subject of the same customer complaint as Brian.

Principal Securities’ Potential Liability for Losses

Under FINRA Rule 3110, broker-dealers like Principal Securities must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise its advisors, it could be liable for any investor harm.

Israels & Neuman Represents Clients in Oklahoma

Our securities and Arbitration law firm represents investors throughout the country as well as Oklahoma, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Brian Boyer Davis or Ryan W. Davis and believe they acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Brian Davis FINRA AWC
• View his BrokerCheck Report
• View Ryan Davis FINRA AWC
• View Ryan’s BrokerCheck Report

Contact Us for a Free Case Evaluation

All of our Arbitration cases are taken on a contingency fee basis, meaning you don’t pay us unless we successfully recover money for you!

Free Consultation (720) 599-3505 or (206) 795-5798

Our experienced securities attorneys can help you recover what you deserve.

Allegations by FINRA

FINRA has initiated an investigation into Douglas McCauley, inquiring about his outside business activities.  FINRA alleged that he refused to cooperate with the investigation, which violates FINRA Rule 8210.  Violations of FINRA Rule 8210 often result in suspensions or expulsions from the securities brokerage industry, and McCauley was barred by FINRA.

Douglas McCauley Industry History

Doug McCauley was affiliated with Madison Avenue Securities from 2009 to December 2024.  He worked in a Arlington, Vermont.  During his career, he has been the subject of three states’ regulatory investigations, as well as 8 tax liens and a civil judgment.  McCauley is involved in several businesses, including New England Tax Pro, Vermont Investment and Insurance Company, and Vermont Bioponics Farm. 

Potential Responsibility of Madison Avenue Securities

Under FINRA Rule 3110, broker-dealers like Madison Avenue Securities must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise its advisors, it could be held liable for any investor harm.

Israels & Neuman Helps Clients in Vermont

We represent investors throughout the country as well as Vermont, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Douglas McCauley and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Douglas McCauley FINRA AWC
• View his BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights. We can help you recover the money you deserve.

Allegations Regarding Firing Kelli Lyn Gabriel

According to FINRA’s BrokerCheck, Kelli Gabriel was fired by Madison Avenue Securities in October 2025 regarding allegations that she “recommend[ed] a large investment in precious metals to a client, thereby violating FINRA rules 3280 and 3270 for failing to obtain preapproval for an outside business activity and for recommendation activity transacted away from the firm without the firm’s permission, knowledge, or prior approval”.  Generally, financial advisors must receive permission from their brokerage firm to sell an investment product. 

Background on Kelli Lyn Gabriel

Kelli Gabriel was registered with Madison Avenue Securities from August 2018 to October 2025 at a Brentwood, Tennessee office.  She had been in the securities industry since 1993. 

Is Madison Avenue Securities Responsible for Gabriel’s Conduct?

FINRA Rule 3110 provides that broker-dealers like Madison Avenue Securities have an obligation to adequately supervise the activity of its advisors.  Madison Avenue Securities could be responsible for investor losses if it failed to reasonably supervise her.

We Help Investors in Tennessee

We represent investors throughout the United States as well as Tennessee, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Kelli Gabriel and believe she acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Gabriel’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

Allegations Against Jacob Harper

According to a FINRA regulatory action, Jacob Harper borrowed $50,000 from two customers of D.A. Davidson (who were also friends of Harper) in November 2024 and January 2025.  Generally, advisors cannot borrow money from customers without prior firm approval and under limited circumstances, under FINRA Rule 3270.  Harper allegedly returned $3,000 to one customer but has not returned any money to the other customer.

Additionally, FINRA alleged that Harper established three securities trading accounts outside of D.A. Davidson without getting prior permission.  To settle these allegations, Harper agreed to a 22-month suspension from the securities industry and a fine of $17,500.

Background on Jacob Harper

Jacob Harper was licensed with D.A. Davidson from September 2023 to March 2025 at a Newport Beach, California office.  Harper was also previously licensed with LPL Financial, Wells Fargo, and other firms.  Harper also ran a firm called Harper Private Wealth.

Can D.A. Davidson Be Responsible for Losses?

FINRA Rule 3110 requires securities brokerage firms like D.A. Davidson to adequately supervise the activity of its advisors.  D.A. Davidson could be responsible for investor losses if it failed to reasonably supervise him.

We Help Investors in California

We represent investors throughout the United States including California, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  We have represented numerous investors in California in the past.  If you were a client of Jacob Harper and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Harper’s BrokerCheck Report
• View Harper’s FINRA AWC

Contact Us for a Free Case Evaluation

We offer contingency fee representation, meaning you pay nothing unless we recover money for you!

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

Allegations Regarding Firing Randall Larson

Subsequent to this firing, Randy Larson has also been the subject of a civil complaint by the Securities and Exchange Commission regarding his involvement with Zona Energy.  In particular, the SEC alleges that he solicited multiple customers to purchase Zona Energy stock without receiving Arete’s approval, a practice that is prohibited which is called “selling away”.

Background on Randall Larson

Randall Larson was licensed with Arete Wealth Management from August 2017 to October 2023 at a St. Louis, Missouri office.  He was also licensed with Great Point Capital, and has also been the subject of two other customer complaints.    

Is Arete Wealth Management Liable for Larson’s Conduct?

FINRA Rule 3110 states that securities broker-dealers like Arete Wealth Management must adequately monitor the activity of its advisors.  Arete Wealth Management could be responsible for investor losses if it failed to reasonably supervise him.

We Help Investors in Missouri

We represent investors throughout the United States including Missouri, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Randall Larson and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Larson’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about recovering the money you deserve.

We take cases on a contingency fee basis meaning you owe us nothing unless we successfully recover money for you!

FINRA alleged that it has started an investigation into Glenn Ngo, who was formerly with Park Avenue Securities in San Diego, California.  They are investigating whether he participated in selling investments away from his firm.  Investors may be able to recover losses by filing a claim through the securities law firm of Israels & Neuman.  Generally, financial advisors must get permission for every investment product that they sell from their brokerage firm.  FINRA alleged that Glenn Ngo refused to cooperate with FINRA’s investigation, which is a violation of FINRA Rule 8210.  Violations like this often result in suspensions or expulsions from the securities brokerage industry, and this advisor is now barred by FINRA.

Glenn Ngo Industry History

Glenn Ngo was affiliated with Park Avenue Securities from March 2023 to March 2025.  He worked in a San Diego, California office and was also previously registered with Northwestern Mutual in Carlsbad.

Park Avenue Securities’ Potential Liability

Under FINRA Rule 3110, broker-dealers like Park Avenue Securities must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise its representatives, it could be liable for any investor harm.

Israels & Neuman represents investors throughout the country as well as California, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of Glenn Ngo and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Glenn Ngo FINRA AWC
• View his BrokerCheck Report

Contact Us for a Free Case Evaluation

 (720) 599-3505 or (206) 795-5798

Morgan Stanley Terminates Eric Kleiner

FINRA’s BrokerCheck discloses that Morgan Stanley fired Kleiner regarding “Allegations related to recommendations to customers of non-firm approved and firm restricted investments, including ones in which Mr. Kleiner was also invested, failure to fully disclose outside investment, and use of personal device to engage in unauthorized disclosure of confidential, internal use only Firm information.” 

Essentially, Kleiner was accused of selling investments or using an investment strategy that were not approved by Morgan Stanley.  Under FINRA Rules 3270 and 3280, financial advisors are supposed to disclose to their brokerage firms all investments that are sold by the advisor.   FINRA requires the advisors to do this in an effort to prevent theft or selling products that are not vetted or researched. 

Morgan Stanley is defending five customer complaints regarding Kleiner’s conduct.  Each of these cases was filed in 2025.  It is believed that some of the complaints involve investments in a cannabis company called TerrAscend.

Complaints Against Eric Kleiner

From September 2016 to March 2025, Eric Kleiner was associated with Morgan Stanley.  He was also previously registered with other firms since 2000.  In addition to the five current complaints pending, Kleiner was also the subject of three other customer complaints in the past.

Did Morgan Stanley Have Supervisory Failures?

Morgan Stanley has an obligation to reasonably monitor the conduct of its advisors under FINRA rules.  It could be liable if it failed to reasonably supervise him, considering factors such as the numerous tax liens against him.

Israels & Neuman Represents New York Investors

We represent investors throughout the United States as well as New York, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Eric Kleiner and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Us for a Free Case Evaluation

(720) 599-3505 or (206) 795-5798

www.IsraelsNeuman.com

At Israels & Neuman, PLC, we represent investors nationwide who have suffered financial losses due to broker misconduct. One recent case we are monitoring closely in Portland, Oregon involves Ali F. Chehab, a former Merrill Lynch and Equitable Advisors broker now under formal investigation by FINRA.

FINRA has alleged various violations, including unauthorized trading and selling away.  What has drawn even more attention is his reported response to FINRA investigators, allegedly: “I do not care if I get barred.”

This type of response to a regulator is alarming.  We believe it may signal deeper issues with Mr. Chehab’s former business.  (See MSN Article Here)

Who Is Ali Chehab?

Ali Chehab (CRD # 7625979) was a former financial advisor based out of Portland, Oregon, who worked for Equitable Advisors (2022–2023) and Merrill Lynch (2023–2024). He is currently unlicensed and not affiliated with any broker-dealer or investment advisory firm.

In August 2025, FINRA filed a formal complaint against Chehab (See Complaint Here ) alleging that he:
– Engaged in unauthorized trading in customer accounts
– Recommended investments outside of firm approval (selling away)
– Used personal email to communicate about firm business
– Made false and misleading statements to clients
– Refused to cooperate with FINRA’s investigation, stating: “I do not care if I get barred.”

Customer Complaints and Settlements

FINRA’s BrokerCheck report shows multiple customer complaints against Chehab:
– In 2025, two customer complaints alleged unauthorized use of client login credentials, settled for $319,415 and $42,784.
– A 2024 complaint allegedly involving selling away via personal texts was closed without action.

These allegations raise serious concerns about investor protection and firm supervision.

Why This Matters for Portland Investors

If you lost money with Ali Chehab, contact Israels & Neuman as soon as possible, as you may have a valid claim for recovery. Unauthorized trading, misrepresentation, and selling away are violations of FINRA rules and may also constitute breaches of fiduciary duty. Brokerage firms can be held liable for failing to supervise their financial advisors properly.

The Best Law Firm to Help Investors Recover Losses

Israels & Neuman, PLC is a nationally recognized securities fraud law firm, and we have offices located near Portland, Oregon. We help clients recover investment losses through FINRA arbitration and securities litigation. Our attorneys have extensive experience handling claims involving unauthorized trading, negligence, misrepresentation, and failure to supervise.

How to Contact Us

We are currently investigating claims related to Ali Chehab and offer Free Consultations to affected investors.

If you or someone you know lost money with former broker Ali Chehab, contact Israels & Neuman, PLC today.

(206) 795-5798 or (720) 599-3505

Visit us at www.israelsneuman.com

Why Did LPL Financial Fire Michael Graham?

Michael Graham, who was a former representative with LPL Financial and worked in an El Paso, Texas office, was fired by LPL Financial in June of 2025. According to FINRA, Michael Graham was terminated by LPL Financial, which alleged that he “Failed to disclose and receive prior approval for participation in a prohibited outside business activity; participated in and directed clients to private investments”.  Under FINRA Rules 3270 and 3280, financial advisors are supposed to disclose to their brokerage firms all investments that are sold by the advisor.   FINRA requires the advisors to do this in an effort to prevent theft or selling products that are not vetted or researched. 

LPL Financial is also facing two current customer complaints made regarding Graham’s conduct.  One complaint alleges that he “misrepresented guaranteed principal and returns on a secured loan related to a real estate deal”.  Another complaint alleges that he sold investments “away from the firm”, meaning that Graham did not have permission to sell such investments.

Background on Michael Graham

Michael Graham was licensed with LPL Financial from April 2019 to June 2025.  He was also previously registered with Principal Securities and Securian Financial.  A 2023 BrokerCheck disclosure reveals that Graham had four tax liens against him, totaling over $600,000.  A customer also made a complaint against Graham in 2005 that resulted in a $10,000 settlement. 

Is LPL Financial Responsible for Graham’s Conduct?

Under securities industry standards, firms like LPL Financial must reasonably supervise its advisors or stockbrokers.  It could be liable if it failed to reasonably supervise him, considering factors such as the numerous tax liens against him.

We Help Investors in Texas

We represent investors throughout the United States as well as Texas, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Michael Graham and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Graham’s BrokerCheck Report

Contact Us for a Free Case Evaluation

We always offer Free Consultations. If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you!

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to talk directly to an attorney