asset - Israels & Neuman, PLC

COMPAINTS Against MICHAEL YOUNG of Classic Asset Management

Israels & Neuman, PLC — Tue, 16 Apr 2024 19:47:23 GMT

Michael Young, with Classic Asset Management, Subject of Customer Complaint

FARGO, NORTH DAKOTA Have you lost money with financial advisor Michael Young of Fargo, North Dakota? Our law firm is looking into claims made by a customer of Young, who provided investment advisory services through Classic Asset Management. According to the complaint, he was negligent in recommending leveraged ETFs and caused $130,000 in damages. FINRA has previously warned about the dangers of using leveraged ETFs.

Michael Young has been a financial advisor and registered representative of Classic LLC since 2012. He has also been an investment advisory representative of Classic Asset Management since 2006. He operates a Fargo, North Dakota office, and is also registered with Aurora Securities and Secure Asset Management.

Investment advisors are considered to be fiduciaries of their customers, meaning that the advisor has to put their customers’ interest before their own. Violations of industry rules can be evidence that the advisor violated his fiduciary duty to a client, which can result in financial liability.

Our main offices are located in Colorado, Arizona, Washington and Michigan, and we represent clients in all 50 states including North Dakota.

View BrokerCheck report here.

If you lost money with Michael Young, Classic Asset Management, or Classic LLC, please Contact Us at 206-795-5798 for a free evaluation of your case.

PHILIP RIPOSO of United Planners Financial is FIRED

Israels & Neuman, PLC — Thu, 02 Nov 2023 17:06:38 GMT

Philip Riposo Fired By United Planners Financial Services

NEW BEDFORD, MASSACHUSETTS and CAVE CREEK, ARIZONA Have you lost money with Philip Riposo, a financial advisor formerly with United Planners Financial Services in New Bedford, Massachusetts? Riposo was recently discharged by United Planners Financial Services, regarding allegations that he created fake statements from Zurich Kemper Investments and provided them to clients.

Riposo also allegedly had clients write checks out to his own firm, Riposo Asset Management, which is not allowed by his former brokerage firm. According to FINRA BrokerCheck, Philip Riposo allegedly used those checks for personal expenses.

Philip Riposo worked at offices in New Bedford, Massachusetts, but he also was assigned to an office in Cave Creek, Arizona. Riposo had been with United Planners Financial Services from December 2015 to March 2022.

Generally, financial advisors or stockbrokers should not accept checks that are written to the advisor or their direct business. The checks generally should be written out to the licensed brokerage firm that they work for, or to the issuing company (such as a mutual fund, annuity, etc.). Accepting checks from client and sending fictitious statements is often a sign of fraud.

Israels & Neuman is an investment fraud and securities arbitration law firm. We represent investors all over the country, including investors in both Massachusetts and Arizona. We have previously had cases against United Planners Financial Services.

VIEW BROKERCHECK REPORT HERE

If you lost money with Philip Riposo, Riposo Asset Management, or United Planners Financial Services, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

TODD LESK of Cambridge Investment is BARRED

Israels & Neuman, PLC — Tue, 10 Oct 2023 19:35:59 GMT

Todd Lesk Formerly with Cambridge Investment Research Barred

CORAL SPRINGS, FLORIDA

Did you invest with advisor Todd Lesk in Coral Springs, Florida? Israels & Neuman is reviewing claims made against Todd M. Lesk, formerly with Cambridge Investment Research. In October 2023, FINRA’s Disciplinary Database shows that he was barred from the securities industry.

FINRA began its investigation in October 2023 when it sent requests for information to Mr. Lesk. FINRA was inquiring about an alleged recommendation by Lesk to a customer to invest in crypto assets held away from his firm, Cambridge Investment Research. Lesk refused to cooperate with FINRA’s investigation, which led to the expulsion.

Todd M. Lesk was licensed with Cambridge Investment Research from September 2022 to October 2023. He was also with LPL Financial from February 2018 to September 2022. Lesk worked in Coral Springs, Florida.

Cambridge Investment Research has obligations to reasonably monitor the acts of its representatives. If the firm fails to do so, it could be responsible for investor losses. Our law firm that has represented over 1,000 investors in the past, including numerous investors in Florida. Attorney David Neuman is licensed to practice law in Florida.

FINRA AWC HERE BROKERCHECK REPORT HERE

If you lost money with Todd Lesk, or Cambridge Investment Research, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

STEVEN MUNTIN of Taylor & Morgan Charged with FRAUD

Israels & Neuman, PLC — Wed, 10 Nov 2021 17:48:54 GMT

FLINT, MICHIGAN

Have you lost money with financial advisor Steven Muntin from Flint, Michigan? We are looking into allegations against Steven Muntin by the SEC. Muntin was civilly charged with defrauding an investor. Muntin used his company Executive Asset Management to charge a customer over $300,000 but never actually invested the money. Instead, the money was used on his mortgage, health insurance, boat and car loans, and credit card bills.

Steven Muntin was with Taylor & Morgan Asset Management from December 2015 to February 2020. He worked out of a branch office in Flint, Michigan. Muntin has also been the subject of at least two customer complaints and six tax liens.

Advisory firms like Taylor & Morgan Asset Management have a responsibility to adequately supervise all representatives who are registered through their firm. Advisory firms also must take steps to ensure that their advisors follow all securities rules and regulations. When advisory firms fail to adequately supervise their 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 Ann Arbor, Michigan; Denver, Colorado; Seattle, Washington; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan. Attorney Aaron Israels grew up in Michigan, is licensed to practice law in Michigan, and previously practiced in the Detroit area. Our attorneys have represented over one thousand investors against many brokerage and advisory firms in the past.

View S. Muntin BrokerCheck Report

If you have lost money with Steven Muntin or Taylor & Morgan Asset Management, and want to hear about ALL legal options, CONTACT ISRAELS & NEUMAN LAW at 720-599-3505.