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.

PEORIA, ARIZONA Did you lose money with financial advisor Scott Taubman from Peoria, Arizona? He was suspended for four months by FINRA. FINRA began its investigation after he was “permitted to resign” by his former brokerage firm, Ameriprise Financial Services. Mr. Taubman was under internal investigation by Ameriprise Financial Services, regarding allegations that he borrowed $100,000 from two customers. Financial advisors generally cannot borrow money from clients, with limited exceptions, and the advisor must get prior approval to borrow money from clients.

Scott Taubman held securities licenses with Ameriprise Financial Services from March 2017 to September 2022 and previously with Allstate Financial Services from 2008 to March 2017. He worked in Peoria, Arizona. Taubman has also been the subject of a 2022 bankruptcy and a 2023 customer complaint.

Under FINRA Rule 3240, an advisor can borrow from a customer but under certain circumstances. Likewise, under FINRA Rule 3111, brokerage firms are required to have written supervisory and compliance procedures. If brokerage firms fail to reasonably supervise its advisors, it may be liable for customer losses.

Our firm has represented numerous investors throughout Arizona and have sued dozens of brokerage firms in the past, including Ameriprise Financial Services. Attorney Aaron Israels is licensed to practice law in Arizona, and we maintain an office in Phoenix, Arizona.

View BrokerCheck report here.

View FINRA AWC here.

If you lost money with Scott Taubman or Ameriprise Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

SCOTTSDALE, ARIZONA Did you invest with Bryan Noonan in Scottsdale, Arizona? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations with respect to Bryan Noonan, who was previously licensed with Raymond James and Edward Jones. He was barred from the securities brokerage industry when he refused to cooperate with a FINRA investigation.

Bryan Noonan was registered with Raymond James from July 2021 to March 2024 in a Scottsdale, Arizona office. He was permitted to resign in March 2024 after the brokerage firm began an internal investigation into allegations that he engaged in undisclosed outside business activities and “selling away”. Selling away is when an advisor sells investments that are not authorized by his or her brokerage firm.

FINRA began its investigation after his resignation by Raymond James. When he failed to respond to FINRA, this resulted in his expulsion. Mr. Noonan also worked with Edward Jones from February 2024 to June 2024, and also previously from 2013 to September 2020.

Our securities arbitration law firm has recovered millions of dollars for investors in the past, including numerous investors in Arizona. Attorney Aaron Israels is licensed to practice law in Arizona, and has an office in Phoenix.

VIEW FINRA AWC HERE VIEW BROKERCHECK REPORT HERE

If you lost money with Bryan Noonan, or Raymond James, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

GOODYEAR, AZ Did you invest with Charles Wodrich, formerly with Hornor Townsend & Kent in Goodyear, Arizona? Our securities arbitration firm is looking into claims made by FINRA (the Financial Industry Regulatory Authority) against this advisor. FINRA brought a complaint seeking to bar him from the securities industry.

FINRA began investigating Mr. Wodrich after he was terminated by Hornor Townsend & Kent. It was alleged that he used an unapproved email address to communicate with clients; that he used discretion in customer accounts; and that he failed to timely forward a customer complaint. Wodrich has yet to respond to FINRA’s complaint.

Charles Wodrich also known as “Chip”, had been an advisor with Hornor Townsend & Kent from 2013 to August 2022 in a Goodyear, Arizona office. He has also been the subject of three customer complaints, the most recent of which was made in 2022.

FINRA Rule 8210 provides that advisors are required to respond to FINRA investigations. Additionally, under FINRA’s supervisory rules, securities brokerage firms must adequately supervise their representatives. If brokerage firms fail to provide sufficient supervision, the firms could be responsible for financial damages.

Our firm has an office in Phoenix, Arizona and regularly represents investors in the greater Phoenix area. Moreover, attorney Aaron Israels is licensed to practice law in Arizona.

If you lost money with Chip Wodrich or Hornor Townsend & Kent, please Contact Us at 206-795-5798 for a free evaluation of your case.

View FINRA Complaint HERE View BrokerCheck Report HERE

Craig Hauger was a registered representative of Questar Capital from September 2014 to March 2019. Hauger has also been with Woodbury Financial from March 2019 to the present. He has worked at branch offices in Goodyear, Arizona.

Brokerage firms like Questar Capital and Woodbury Financial 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 Phoenix, Arizona; Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Arizona. Attorney Aaron Israels is licensed to practice law in Arizona. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view BrokerCheck: Hauger, Craig BrokerCheck 6.17.21

If you lost money with Craig Hauger, Woodbury Financial, or Questar Capital, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.