FINRA alleged that VALIC Financial Advisors failed to adequately supervise rates of variable annuity exchanges and for corrective action in the case of inappropriate exchanges. FINRA also alleged that the firm failed to review transactions where customers added additional funds to an existing variable annuity. Finally, it was alleged that there were failures to timely report 174 customer complaints. To settle these allegations, a $350,000 fine was imposed.

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. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

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

Did you invest with Santiago Torres, Jr., of Truist Investment Services in Willow Street, Pennsylvania? The securities and investment fraud law firm of Israels & Neuman is investigating 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 Santiago Torres after he was terminated by Truist Investment Services. It was alleged that he misappropriated or stole money from customer accounts, many of whom were members of his extended family. He has yet to respond to FINRA’s complaint.

Santiago Torres was an advisor with Truist Investment Services from February 2021 to October 2024 in Willow Street and Wyomissing, Pennsylvania office. He has also been the subject of two other customer complaints.

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 represents investors throughout the country who have lost money with financial advisors and brokerage firms.

You can find FINRA’s Complaint HERE

You can find Santiago Torres’s BrokerCheck Report HERE

If you lost money with Santiago Torres 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.

Did you invest in GWG L bonds and other alternative investments with financial advisor Angelo Piccone, previously with IBN Financial Services in Pittsford, New York? The investment fraud and securities arbitration law firm of Israels & Neuman is currently examining claims filed by FINRA against this advisor. FINRA suspended him from the securities industry for five months, fined him $10,000, and ordered him to return $23,905 in commissions earned from selling GWG.

FINRA claims that Mr. Piccone advised a client to allocate 77% of their liquid net worth into alternative investments, including GWG, which was deemed speculative and inconsistent with the client’s moderate risk tolerance. In 2022, GWG declared bankruptcy, resulting in substantial losses for investors.

Angelo Piccone was affiliated with IBN Financial Services from April 2011 to November 2024, operating out of Pittsford, New York. He has also been implicated in three other customer complaints.

Israels & Neuman, an investment fraud and FINRA arbitration law firm , represents clients across the U.S., including New York investors.

To see the FINRA AWC against Angelo Piccone, please click HERE.

You can find Angelo Piccone’s BrokerCheck Report HERE.

If you lost money with Angelo Piccone, IBN Financial or GWG investments, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

The securities arbitration law firm of Israels & Neuman is currently investigating claims against financial advisor Trey Trapp from Tupelo, Mississippi. Wendell Holmes Trapp III, known as Trey Trapp, formerly associated with Edward Jones, has faced twelve customer complaints, all filed in 2024.

The complaints include allegations that Trapp made misrepresentations to clients that a mutual fund would maintain its principal value, which was inaccurate. Another client claimed that Trapp understated the risks associated with certain bonds. According to BrokerCheck, Edward Jones has settled several of these disputes and terminated Trapp in 2024.

Trey Trapp was affiliated with Edward Jones from 2017 until February 2024, operating in Tupelo and Belden, Mississippi.

Edward Jones and its advisors are obligated to provide suitable investment recommendations according to FINRA Rule 2111. The firm and its advisors also must conduct thorough due diligence on any investments they offer. Failure to meet these obligations can lead to financial accountability to clients for their losses.

You can find Trey Trapp’s BrokerCheck report HERE

If you lost money with Trey Trapp or Edward Jones, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

Have you lost money with advisor Justin Pagel, formerly with Feltl & Company in Plymouth, Minnesota? Our investment fraud law firm is reviewing claims made by FINRA against this advisor, who was suspended from the securities industry for ten months.

FINRA alleged that Mr. Pagel recommended that four customers invest a significant portion of their assets in speculative, high-risk stocks. FINRA also alleged that he engaged in unsuitable short-term trading.

Justin William Pagel was a representative of Feltl & Company from August 2011 to May 2024. He worked in a Plymouth, Minnesota office. He has also been the subject of five customer complaints from 1998 to 2020.

Israels & Neuman is an investment fraud law firm with offices in Seattle, Phoenix, Grand Rapids, and Ann Arbor. We represent clients throughout the U.S., including investors in Minnesota.

To see the FINRA AWC against Justin Pagel, please click HERE.

You can find Justin Pagel’s BrokerCheck Report HERE.

If you lost money with Justin William Pagel or Feltl & Company, please Contact Us at 616-280-4303 or 206-795-5798 for a free evaluation of your case.

Did you invest with financial advisor Ceondre Colvin in Pittsburgh, Pennsylvania? Israels & Neuman is looking into claims made by FINRA against this advisor, who was a representative of NYLife (New York Life) Securities. In November 2024, he was barred from the securities brokerage industry by FINRA after he refused to cooperate with a FINRA investigation.

Colvin was under investigation after a customer complaint alleged that he made unauthorized withdrawals from two customers’ accounts to pay for personal expenses. New York Life already settled two cases involving this advisor, one for over $95,000 and another for over $8,000.

Ceondre Colvin was registered with NYLife Securities from September 2022 to June 2024. He worked in Pittsburgh, Pennsylvania.

Brokerage firms must reasonably monitor its advisors. If the firm fails to do so, they could be liable for investor losses.

FINRA’s AWC Regarding Ceondre Colvin can be found HERE

Ceondre Colvin’s BrokerCheck Report can be found HERE

If you lost money with Ceondre Colvin or NYLife Securities, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

Did you invest with Daniel Deno, with LPL Financial? The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations made against this advisor from Owensboro, Kentucky. Mr. Deno was recently arrested and charged with fraud and theft regarding a 73-year-old Tell City, Indiana client, according to 14news.com. He allegedly asked the client for cash payments and used them for his own personal benefit.

Daniel Ray Deno was a representative of LPL Financial from October 2022 to the present, as well as Fifth Third Securities from September 2020 to October 2022. He was also affiliated with German American Bank in Owensboro, Kentucky.

LPL Financial has a responsibility to adequately supervise its representatives. When firms fail to adequately monitor their advisory representatives, they may be liable for investment losses sustained by customers.

Daniel Deno’s BrokerCheck Report can be found HERE

If you lost money with Daniel Deno or LPL Financial, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

DALTON, GEORGIA Are you a former client of financial advisor Ashlee Godfrey in Dalton, Georgia? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made against this advisor, who previously worked with Wells Fargo from 2014 to October 2021. In September 2024, she was barred from the securities industry by FINRA when she refused to respond to a FINRA investigation.

Ashlee N. Godfrey was being investigated by FINRA regarding allegations from her former customers that she misrepresented that their investments were “insured” but instead lost money. She also allegedly sent electronic communications through an app that was not approved by Wells Fargo.

Ashlee Godfrey was registered with Wells Fargo, as well as Benjamin F. Edwards & Company. She worked in Dalton, Georgia.

Firms like Wells Fargo must reasonably supervise the conduct of their financial advisors. If they don’t, they could be liable for investor losses. Our law firm that has represented thousands of investors in the past, including numerous investors in Georgia.

VIEW FINRA AWC HERE VIEW BROKERCHECK REPORT HERE

If you lost money with Ashlee Godfrey, or Wells Fargo, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

NEW YORK, NY Have you lost money with advisor Kieran Loughran, formerly with Spartan Capital Securities in New York, New York? Our investment fraud law firm is reviewing claims made by FINRA against Kieran Loughran. FINRA suspended this advisor from the securities industry for three months, fined him $5,000, and ordered him to pay $43,495 in restitution.

FINRA’s AWC alleges that Mr. Loughran allegedly excessively traded a customer’s accounts between January 2016 and March 2019. His trading generated over $43,495 in commissions for himself while generating trading losses of $179,000. The account had a cost-to-equity ratio of 48%. This means that the account would need to earn a profit of 48% just to break even from the costs of trading.

From November 2014 to October 2022, Kieran Marc Loughran was a representative of Spartan Capital Securities. He worked in a New York City office. He was also the subject of four customer complaints and 12 tax liens or judgments.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in New York. We also have previously represented thousands of investors against multiple securities brokerage firms around the country.

VIEW FINRA AWC HERE. VIEW BROKERCHECK REPORT HERE.

If you lost money with Kieran Loughran or Spartan Capital Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

LOVES PARK, ILLINOIS Are you a former customer of Kurt Berry, formerly with Regulus Advisors, in Loves Park, Illinois? FINRA’s BrokerCheck (attached below) shows that Berry was the subject of a customer complaint made in November 2023 regarding oil and gas investments. In particular, the customer alleged that he made an unsuitable recommendation to invest in Resolute/Petrorock. The investment in Resolute/Petrorock allegedly lost $473,000.

Mr. Berry had been affiliated with Regulus Advisors from October 2016 to November 2019 and with Vanderbilt Securities from November 2019 to July 2022. He has worked in offices in Loves Park and Rockford, Illinois.

Israels & Neuman PLC is an investment fraud law firm. We represent investors all over the country, including investors in Illinois, including in the Rockford area, Loves Park, and Machesney Park. Attorney David Neuman is licensed to practice law in Illinois and attended law school at Northern Illinois University.

View BrokerCheck report HERE

If you lost money with Kurt Berry or Regulus Advisors, please Contact Us at 206-795-5798 for a free evaluation of your case.

We are looking into allegations made against Mark Cline, who has been the subject of thirteen (13) customer complaints, one of which was filed within the last year. The recent customer alleged that Cline sold unsuitable investments in private placements, alleging $400,000 in losses.

Mark Cline has been a registered representative of National Securities Corp. from 2014 to the present. He worked at branch offices in Wildwood, Florida.

Brokerage firms like National Securities Corp. 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. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against National Securities Corp.

View Mark Cline BrokerCheck Report

If you lost money with Mark Cline or National Securities Corp., contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

Ronald Giovino was a representative of GWN Securities from 2004 to July 2021. He worked at a branch office in Clearwater, Florida.

Brokerage firms like GWN 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; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many firms in the past.

View Ronald Giovino BrokerCheck Report

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

Have you lost money with financial advisor Scott Rahn of Spokane, Washington? The Law Firm of Israels & Neuman may be able to help you recover your investment losses. We are investigating allegations made by the Washington Securities Division. In 2021, Washington alleged that Rahn made recommendations to several senior customers to liquidate variable annuities in order to invest in principal protected notes.

The senior investors incurred surrender charges, and Washington alleged that these transactions were unsuitable. To settle these allegations, Rahn agreed to hire an independent consultant to review, on a quarterly basis, all transactions for his advisory business, for a two year period.

Scott Rahn was a financial advisor and registered representative of LPL Financial from February 2014 to October 2019. He was also affiliated with Rahn Wealth Management from February 2020 to the present. He worked at branch offices in Spokane, Washington.

Brokerage firms like LPL 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 Seattle, Washington; Vancouver, Washington; Denver, Colorado; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the State of Washington and the Pacific Northwest. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.

View Scott Rahn BrokerCheck Report View Washington Order / Scott Rahn

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