Are you a present or former customer of Gary S. Costello, formerly with Truist Investment Services, in Palm Beach, Florida and also formerly with Oppenheimer in Boca Raton? FINRA recently reported that Gary Costello was fired by Truist Investment Services in August 2023. Costello had been licensed with Truist Investment Services between November 2022 and August 2023. Costello also worked with Oppenheimer from August 2019 to November 2022.

Gary Costello’s BrokerCheck report discloses that “the firm investigated various trade corrections and margin activity in [Costello’s] personal account as well as his clients accounts”. Costello has also been the subject of five customer complaints. The most recent complaint was filed against Oppenheimer, alleging over $2 million in losses. The Oppenheimer complaint makes allegations concerning stocks, corporate bonds, options, unit investment trusts (UITs), and master limited partnerships (MLPs).

Gary Costello had a duty to follow FINRA rules while working with Truist Investment Services and Oppenheimer. This includes FINRA Rule 2111, which requires that advisors make suitable investment recommendations. If that rule was violated, the firms could be liable for investment losses.

Israels & Neuman PLC is an investment fraud law firm with offices in Denver, Seattle, and Phoenix. We represent investors all over the country, including investors in Florida. Attorney Dave Neuman is licensed to practice law in Florida.

You can find Gary Costello’s BrokerCheck report HERE

If you lost money with Gary Costello or Truist Investment Services, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

Have you suffered financial losses with advisor Matthew Turner, formerly of Westpark Capital in Boca Raton, Florida? Our investment fraud law firm is currently examining claims filed by FINRA against this advisor. FINRA suspended him from the securities industry for five months and ordered him to pay $27,415 in restitution.

According to FINRA’s AWC, Turner is accused of excessively trading a client’s accounts from September 2018 to December 2020. This trading activity led to excessive commissions and resulted in $160,000 in losses across two customer accounts. One of these accounts had a cost-to-equity ratio exceeding 50%, indicating it would need a 50% profit just to cover the trading costs.

Matthew Ian Turner was affiliated with Westpark Capital from November 2012 until January 2025, operating out of their Boca Raton, Florida office. He has faced another customer complaint and filed for bankruptcy in 2015.

Israels & Neuman is an investment fraud law firm representing clients nationwide, including investors in Florida. We have previously assisted thousands of investors against various securities brokerage firms across the country.

To see the FINRA AWC against Matthew Turner, please click HERE.

You can find Matthew Turner’s BrokerCheck Report HERE.

If you lost money with Matthew Ian Turner or Westpark Capital, please Contact Us at (616) 280-4303 or (206) 795-5798 for a free evaluation of your case.

BOCA RATON, FLORIDA

Did you invest with financial advisor James Williams from Boca Raton, Florida? Our investment fraud law firm is reviewing allegations made by his clients. He has been licensed with Newbridge Securities since 2010.

James Earl Williams is the subject of 6 customer complaints, two of which were made since 2022. In 2022, Newbridge Securities paid $140,000 to settle a complaint where a customer alleged a breach of fiduciary duty related to an “alternative” investment sold by Williams. A complaint was also filed in August 2023, in which the firm denies any wrongdoing. Williams was also suspended by the Florida Office of Financial Regulation for a year in 2012, in which Florida alleged that he made a material misrepresentation on his license application.

Stockbrokers are required to abide by FINRA (the Financial Industry Regulatory Authority) rules. FINRA Rule 2111 states that advisors make suitable investment recommendations to customers. The brokerage firm and/or advisor can be liable if Rule 2111 is violated.

Our law firm represents investors throughout the country, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida.

SEE JAMES WILLIAMS BROKERCHECK REPORT HERE

If you lost money with James Earl Williams or Newbridge Securities, please Contact Us at (206) 795-5798 for a free evaluation of your case.

Paul Fordham was with David Lerner Associates from 2007 to March 2016. Fordham has been with Wells Fargo from March 2016 to the present. He has worked at branch offices in Boca Raton, Florida.

Brokerage firms like David Lerner Associates 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, including against David Lerner Associates.

View P Fordham BrokerCheck Report

If you lost money with Paul Fordham, David Lerner Associates, Energy 11, or Energy 12, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.