annuity - Israels & Neuman, PLC

RONALD DIAZ of Morgan Stanley Pleads Guilty to WIRE FRAUD

Israels & Neuman, PLC — Fri, 02 Aug 2024 19:02:18 GMT

Former Morgan Stanley Advisor Ronald Diaz Pleads Guilty to Wire Fraud, Sentencing set for September 2024

TUCSON, ARIZONA Are you a former client of Ronald Diaz of Morgan Stanley in Tucson, Arizona? He was charged with wire fraud by the U.S. Attorney’s Office for the District of Arizona and recently pleaded guilty to the charges. His sentencing hearing is set for September 27, 2024.

According to the U.S. Attorney’s office, Diaz misappropriated $970,000 from an elderly customer between November 2020 and July 2022. Diaz represented that he was investing the money in an annuity, but instead used the money to pay for a Range Rover, credit card debt, his mortgage, and remodeling his swimming pool.

Ronald Diaz worked in Tucson, Arizona and was licensed with Morgan Stanley June 2019 to January 2023.

Morgan Stanley had obligations to reasonably supervise Mr. Diaz’s conduct. If the firm failed to do so, they can be liable for investor losses.

The U.S. Attorneys Office Press Release regarding Ronald Diaz can be found HERE.

BrokerCheck report can be found HERE.

If you lost money with Ronald Diaz or Morgan Stanley, please Contact Us at 206-795-5798 for a free evaluation of your case.

PETER LAWRENCE of American Portfolios is FIRED

Israels & Neuman, PLC — Wed, 20 Mar 2024 14:52:59 GMT

American Portfolios Financial Services Fires Advisor Peter Lawrence

HAUPPAUGE, NEW YORK Have you invested with financial advisor Peter Lawrence from Hauppauge, New York? He was fired by American Portfolios Financial Services in October 2023 regarding allegations that he sent unapproved reports to clients that contained inaccuracies. In addition, Peter Lawrence has been the subject of ten customer complaints within the last year, many of which make complaints about variable annuities.

According to FINRA, Mr. Lawrence had held his securities license with American Portfolios Financial Services from January 2019 to October 2023. He was also affiliated with Questar Capital Corp. from 2006 to January 2019 and worked in a Hauppauge, New York office.

Brokerage firms are required to have written supervisory and compliance procedures, under securities rules and regulations. If the firm failed to reasonably supervise its financial advisor, it may be held liable for customer losses.

Our firm has represented numerous investors throughout New York and have dozens of brokerage firms in the past, including against American Portfolios Financial Services.

View BrokerCheck report here.

If you lost money with Peter Lawrence or American Portfolios Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

RAUL BENITEZ of Suntrust Subject of Multiple COMPLAINTS

Israels & Neuman, PLC — Fri, 08 Mar 2024 20:22:03 GMT

Raul Benitez, Formelry with Suntrust, Subject of Complaint Involving GIC

MIAMI, FLORIDA Are you a current or former customer of advisor Raul Benitez, who previously worked with Suntrust Investment Services in Miami, Florida? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by former customers against Raul Jorge Benitez.

According to FINRA’s BrokerCheck, he has been the subject of six customer complaints, five of which have been made within the last five years. A 2021 complaint alleges losses in a guaranteed investment contract (or GIC) issued by Northstar Bermuda. A 2023 complaint also alleges losses in the GIC recommended by Benitez, and a 2024 complaint alleges losses in annuities.

Suntrust Investment Services is a FINRA member firm and has obligations to perform due diligence on any products that it sells. If the investment was not properly vetted and caused investor losses, Suntrust Investment Services could be liable for customer losses.

Israels & Neuman represents investors throughout the country, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. We have sued numerous firms in the past, including Suntrust Investment Services (now Truist Investment Services).

BrokerCheck report can be found HERE

If you lost money with Raul Benitez, Northstar Bermuda, GICs, or Suntrust Investment Services, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

SCOTT ROSLONOWSKI of Ameriprise Subject of COMPLAINTS

Israels & Neuman, PLC — Tue, 31 Oct 2023 20:58:31 GMT

Scott Roslonowski with Ameriprise Financial Services Subject of Complaints

INDIAN HARBOUR BEACH, FLORIDA

Have you invested in REITs through Scott Roslonowski at Ameriprise Financial Services in Harbour Beach, Florida? He has been with Ameriprise Financial Services since October 2009.

Scott Roslonowski has been the subject of two customer complaints during 2023 – one made in March 2023, and the other made in July 2023. Both complaints allege that he recommended unsuitable investments in real estate investments, and both also complain about variable annuities and insurance. The complaints are still pending with FINRA.

Scott Roslonowski worked in Indian Harbour Beach, Florida and has been in the securities industry since 2004. He is also registered as an investment advisory representative for Ameriprise.

VIEW BROKERCHECK REPORT HERE.

If you lost money with Scott Roslonowski, Ameriprise Financial Services, or in real estate investments, please Contact Us at (206) 795-5798 for a free evaluation of your case.

DANIEL LAULETTA of MML Investors is BARRED

Israels & Neuman, PLC — Wed, 28 Jun 2023 16:23:49 GMT

Daniel Lauletta, formerly with MML Investors Services, Barred by Arkansas

CLEVELAND, OHIO

Did you invest with financial advisor, Daniel Lauletta of Cleveland, Ohio? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made by the Arkansas Securities Department, against Daniel Lauletta. Arkansas revoked his securities license regarding allegations that he breached his fiduciary duty to customers. In particular, Arkansas alleged that he advised two customers to liquidate securities to purchase unsuitable insurance products and annuities.

Daniel Lauletta had been affiliated with MML Investors Services from March 2017 to April 2022. He worked in a Cleveland, Ohio office. Lauletta has also been the subject of six customer complaints, and he was terminated by MML Investors Services after it learned of the Arkansas investigation.

MML Investors Services must reasonably supervise the activities of its representatives. The brokerage firm could be held liable for Lauletta’s conduct if it failed to reasonably supervise him.

Israels & Neuman PLC is an investment fraud law firm that represents investors all over the country in FINRA arbitration. We have represented numerous investors in Ohio in the past, and we have also had prior claims against MML Investors Services.

View Lauletta, d BrokerCheck 6.28.23

If you lost money with Daniel Lauletta or MML Investors Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

Advisor ROBERT PATERSON of Truist Investment is SUSPENDED

Israels & Neuman, PLC — Mon, 01 Nov 2021 18:21:22 GMT

JUPITER, FLORIDA

Have you lost money with financial advisor Robert Paterson, formerly with Truist Investment Services and BB&T Securities in Jupiter, Florida? We are looking into allegations made against Robert Paterson. Paterson was suspended from the securities industry by FINRA after he failed to respond to an investigation. FINRA is investigating allegations that an investor gave him $60,000 to invest in an annuity, but the annuity company never received the check.

Robert Paterson was with Truist Investment Services from February 2021 to May 2021. He was also with BB&T Securities from January 2018 to February 2021. He has worked at branch offices in Jupiter, Florida. Paterson was also the subject of two customer complaints.

Brokerage firms like Truist Investment Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View R Paterson BrokerCheck Report

If you lost money with Robert Paterson, BB&T Securities, or Truist Investment Services, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Investor Alert: DANIEL JOSSEN of NYLife is BARRED

Israels & Neuman, PLC — Tue, 29 Jun 2021 19:55:34 GMT

BETHESDA, MARYLAND – Have you lost money with financial advisor Daniel Don Jossen? We are looking into allegations made about Daniel Jossen from Bethesda, Maryland. FINRA (the Financial Industry Regulatory Authority) barred Jossen from the securities industry. FINRA alleged that Jossen has failed to respond to its investigation regarding allegations that he misrepresented the terms of variable products and used a customer’s log-in at an outside brokerage firm to process financial transactions.

Daniel Jossen was a financial advisor and registered representative of NYLife Securities from 2011 to February 2021. He worked in a branch office in Bethesda, Maryland. Jossen also was permitted to resign by NYLife Securities.

Brokerage firms like NYLife Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Maryland. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View BrokerCheck: Jossen, D. BrokerCheck 6.28.21

View FINRA AWC: Jossen, D. FINRA AWC

If you lost money with Daniel Jossen or NYLife Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Investigation of ERIC BURTON, Cetera Advisors and LPL Financial

Israels & Neuman, PLC — Fri, 25 Jun 2021 17:38:43 GMT

ORLAND PARK, ILLINOIS – Have you lost money with financial advisor Eric P. Burton. of Orland Park, Illinois? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Eric Burton. FINRA suspended Burton for three months and fined him $5,000. Burton was being investigated regarding allegations that he falsified documents in connection with 22 variable annuity exchanges.

Eric Burton was a financial advisor and registered representative of LPL Financial from April 2016 to March 2019. He has been with Cetera Advisors from February 2019 to the present. He worked at a branch office in Orland Park, Illinois. Burton has also been the subject of two customer complaints regarding variable annuities.

Brokerage firms like LPL Financial and Cetera Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois in the past. Attorney David Neuman is licensed to practice law in grew up in the Chicagoland area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View BrokerCheck: Burton, E. BrokerCheck 6.23.21

View FINRA AWC: Burton, Eric FINRA AWC

If you lost money with Eric Burton, Cetera Advisors, or LPL Financial, please CONTACT ISRAELS & NEUMAN at 720-599-3505 or 206-795-5798 for a free evaluation of your case.

DAVID WALL of Voya Involved in Unsuitable Investments

Israels & Neuman, PLC — Sat, 19 Jun 2021 15:34:48 GMT

Israels & Neuman, PLC Investigates David Wall, Formerly of Voya Financial Advisors

SIMPSONVILLE, SOUTH CAROLINA – Have you lost money with financial advisor David Wall, formerly of Voya Financial Advisors in Simpsonville, South Carolina? We are looking into allegations made against David Wall. David Wall has been the subject of four customer complaints, all of which were filed within the last year. The customers alleged that Wall sold unsuitable illiquid real estate investments. Wall was also terminated by Voya Financial Advisors for failing to perform an adequate review of account profiles for certain customers who purchased the real estate investments.

David R. Wall was a registered representative of Voya Financial Advisors from June 2013 to March 2021. He has worked at branch offices in Simpsonville, South Carolina.

Brokerage firms like Voya Financial Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in South Carolina. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Voya Financial Advisors.

Click to view BrokerCheck: Wall, David BrokerCheck 6.17.21

If you lost money with David Wall or Voya Financial Advisors, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

NATHAN KATZ Involved in Annuity Mismanagement Complaints

Israels & Neuman, PLC — Tue, 15 Jun 2021 20:26:59 GMT

Israels & Neuman, PLC Investigates Nathan Katz, Formerly of American Independent Securities Group and Triad Advisors LARGO, FLORIDA – Have you lost money with financial advisor Nathan Katz, formerly of American Independent Securities Group and Triad Advisors in Largo, Florida? We are looking into allegations made against Nathan Katz, who has been the subject of five customer complaints, one which was filed in 2021. The customers alleged that Katz mismanaged their annuity. Katz was also terminated by American Independent Securities Group in 2021; Triad Advisors in 2018; and Paine Webber in 2001.

Nathan G. Katz was a registered representative of American Independent Securities Group from October 2018 to January 2021. Katz was also with Triad Advisors from 2001 to August 2018. He has worked at branch offices in Largo, Florida.

Brokerage firms like American Independent Securities Group and Triad Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Click to view BrokerCheck: Katz, n BrokerCheck 6.11.21

If you lost money with Nathan Katz, Triad Advisors, or American Independent Securities Group, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.