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Darien Bonney, Formerly with MML Investors Services, Terminated After Allegations of Undisclosed Outside Business Activities SCOTTSDALE, ARIZONA The securities and investment fraud Law Firm of Israels & Neuman is investigating allegations made against financial advisor Darien Bonney, formerly with MML Investors Services. Bonney, who worked at a Scottsdale, Arizona branch office, was discharged by MML…

FINRA Bars David Campanella, Formerly with U.S. Bancorp Investments, After Providing Inaccurate and Incomplete Responses to Investigation CLEVELAND, OHIO Have you lost money investing with financial advisor David Campanella? FINRA (the Financial Industry Regulatory Authority) barred David Campanella from the securities industry. FINRA had initiated its investigation after there were allegations that Campanella had undisclosed…

JASPER, INDIANA The Law Firm of Israels & Neuman is looking into allegations made against financial advisor James Jones from Jasper, Indiana. James Jones, who has been affiliated with Center Street Securities, was the subject of a customer complaint, who alleges unsuitable investments in “alternative” investments. The alternative investments were allegedly illiquid, high risk, and…

Former Cetera Advisor Robert Spencer Expelled From Securities Industry CHEEKTOWAGA, NEW YORK The Law Firm of Israels & Neuman is looking into allegations made against Robert Spencer, from Cheektowaga, New York. Robert Spencer was under investigation by FINRA, which regulates the securities brokerage industry. Spencer was alleged to have engaged in private securities transactions, which…

ROSEVILLE, CALIFORNIA Have you lost money investing with current financial advisor and former basketball player Mark Payne in Roseville, California? Mark Payne, currently associated with Morgan Stanley, is the subject of a $15 million customer complaint filed with FINRA arbitration. The customer alleged that Payne managed a customer account, and that he made unsuitable recommendations…

BELLVILLE, TEXAS Our securities arbitration law firm is looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Howell Ferguson. Howell Gregg Ferguson worked at First National of Bellville and also had his securities license through LPL Financial. He was alleged to have forged two documents by signing an LPL customer’s name without…

GREER, SOUTH CAROLINA FINRA (the Financial Industry Regulatory Authority) recently suspended a former Raymond James financial advisor for engaging in short-term trading of unit investment trusts (or UITs). Our law firm is looking into allegations made by FINRA against advisor Lynn Faust. After FINRA looked into Faust’s trading of UITs from January 2013 to December…

WORCESTER, MASSACHUSETTS Things continue to get worse for former LPL financial advisor James Couture. Couture was previously criminally charged with defrauding investors in 2021 by the U.S. Attorney’s Office in Massachusetts. Now, additional criminal charges of witness tampering have been added. Couture was told by prosecutors not to have any contact with his investment fraud…

Investment Adviser Fraud and Money Laundering MIDDLEBORO, MASSACHUSETTS Our law firm is continuing to look into allegations made against former LPL Financial advisor Paul R. McGonigle from Middleboro, Massachusetts. Paul McGonigle was previously barred from the securities industry by FINRA (the Financial Industry Regulatory Authority). On February 1, 2022, the U.S. Attorney’s Office for the…

GWG Holdings, Inc. has issued a number of bonds over the years, including the L Series. According to GWG’s website, the L Series of bonds is now paused. The L bond was purported to finance the purchase of life insurance policies on the secondary market. The bonds were highly speculative, in exchange for a high…