JUAN SOSA Accused of Stealing $331,000 from Elderly Customer

Israels & Neuman, PLC — Tue, 02 Apr 2024 20:24:49 GMT

Juan Sosa Formerly with SagePoint Financial is Barred

STUDIO CITY, CALIFORNIA Are you a former client of Juan Sosa in Studio City, California? The securities and investment fraud law firm of Israels & Neuman is investigating claims made against Juan Sosa, formerly with SagePoint Financial and Independent Financial Group. It has been alleged that Sosa converted or stole $331,000 from an elderly customer which resulted in him being “permitted to resign” by his brokerage firm in July 2022.

His resignation led to FINRA starting its own investigation. Sosa allegedly deposited over $220,000 to his own accounts and also wrote $111,000 in checks to pay off his own credit card bills.

Juan Sosa had been licensed with SagePoint Financial from 2005 to July 2022. He worked at Independent Financial Group from August 2022 to March 2024 in Studio City, California. In addition, he has been the subject of multiple customer complaints.

SagePoint Financial is a FINRA member and is required to sufficiently monitor the acts of its representatives. If the firm fails to do so, it could be responsible for investor losses. Our law firm has recovered millions of dollars for investors in the past, including numerous investors in California.

View FINRA AWC HERE View BrokerCheck Report HERE

If you lost money with Juan Sosa, or SagePoint Financial, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

STEWART GINN of Independent Financial Under INVESTIGATION

Israels & Neuman, PLC — Sat, 08 Apr 2023 13:47:41 GMT

Stewart Ginn, with Independent Financial Group, Under FINRA Investigation

ENCINITAS, CALIFORNIA Did you lose money with financial advisor Stewart Ginn, who works with Independent Financial Group in Encinitas, California? The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against Stewart Ginn. According to FINRA’s Disciplinary Database, FINRA has initiated an investigation into whether Ginn was excessively trading or churning customers’ account, making unsuitable investment recommendations, and violating Regulation Best Interest.

FINRA provided notice of its investigation in March 2023. Ginn was also the subject of a customer complaint that was made in March 2023, alleging that the client was subject to excessive commission charges in over-the-counter (OTC) stocks. The losses in the OTC stocks were allegedly $120,000.

Stewart Ginn has been with Independent Financial Group since August 2015. Ginn worked in Encinitas, California. Ginn was also the subject of two other customer complaints, one made in 2022 which is still pending, and another complaint made in 2007 that was denied by his former firm. Ginn also runs Paxton Financial Services.

FINRA Rule 2111 states that advisors must provide suitable investment recommendations. Rule 2111 further provides that stock trades must be quantitatively suitable – that trades, taken together, are proper for a customer.

Israels & Neuman has offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings all over the country. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including against Independent Financial Group.

View Ginn, s BrokerCheck 4.8.23 (1)

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

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