mutual fund - Israels & Neuman, PLC

ALTON RANEY of LPL Financial Subject of Complaint for Excessive Commissions

Israels & Neuman, PLC — Tue, 20 Aug 2024 18:40:54 GMT

Alton Raney, Formerly of LPL Financial, Subject of Arkansas Securities Complaint

LITTLE ROCK, ARKANSAS Are you a former customer of Alton Raney, formerly with LPL Financial in Little Rock, Arkansas? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made by the Arkansas Securities Department against Alton B. Raney II.

Arkansas investigated Mr. Raney regarding allegations that he engaged in short-term trading of mutual funds in a customer’s accounts during 2022. It was alleged that the short-term trading of mutual funds with large upfront commissions caused unnecessary charges to the customer. See Complaint and BrokerCheck Report linked below.

Alton B. Raney II was a representative of LPL Financial in Little Rock, Arkansas from December 2018 to April 2023. He then joined St. Bernard Financial from September 2023 to May 2024 in Russellville. He also had a tax lien against him in 2023.

Pursuant FINRA Rule 3110, securities brokerage firms must adequately supervise their representatives. If firms like LPL Financial fail to provide sufficient supervision, the firms could be held responsible for financial damages.

If you lost money with Alton Raney or LPL Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.

View Complaint HERE View FINRA BrokerCheck Report HERE

MICHAEL GRANDE of Newbridge Securities COMPLAINTS

Israels & Neuman, PLC — Fri, 26 Apr 2024 18:29:28 GMT

Michael Grande, Formerly of Newbridge Securities, Subject of FINRA Complaint

FORT LAUDERDALE, FLORIDA Are you a former customer of Michael Grande, formerly with Newbridge Securities in Fort Lauderdale, Florida? Our law firm is reviewing allegations made by FINRA against this advisor. FINRA seeks to bar him from the securities brokerage industry in an April 2024 complaint because he failed to respond to a FINRA investigation.

FINRA investigated Grande regarding allegations that he engaged in short-term trading of mutual funds in his customers’ accounts between July 2017 and May 2022. He has not responded to written requests by FINRA as part of its investigation.

Michael Charles Grande held a securities brokerage license with Newbridge Securities from 2005 to May 2022.

Pursuant to FINRA Rule 8210, advisors must adequately and timely respond to FINRA investigations. Likewise, FINRA Rule 3110 requires securities brokerage firms to adequately supervise their representatives. If firms fail to provide sufficient supervision, they could be responsible for financial damages.

If you lost money with Michael Grande or Newbridge Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

View FINRA’s Complaint HERE View BrokerCheck Report HERE

MICHAEL ANDINOVICH of Ameriprise is SUSPENDED

Israels & Neuman, PLC — Thu, 29 Jun 2023 16:48:41 GMT

Michael Adinovich, Formerly of Ameriprise Financial Services, Suspended by FINRA

GRAND RAPIDS, MICHIGAN

Are you a former client of stockbroker Michael Adinovich, formerly with Ameriprise Financial Services in Grand Rapids, Michigan? The FINRA Arbitration law firm of Israels & Neuman is looking into allegations regarding Michael Adinovich. FINRA suspended him indefinitely because he failed to respond to a FINRA investigation.

In February 2022, Ameriprise Financial Services discharged Adinovich over allegations related to order entry concerns over stocks, mutual funds, and ETFs (exchange traded funds), which led to the investigation.

From 2005 to February 2022, Michael Adinovich was an affiliate of Ameriprise Financial Services in a Grand Rapids, Michigan office. He was previously the subject of two customer complaints in 2002 and 2006.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Michigan. Attorney Aaron Israels grew up in Holland, Michigan and still maintains his Michigan law license.

View Adinovich, m BrokerCheck 6.29.23

If you lost money with Michael Adinovich or Ameriprise Financial Services, please Contact Us at 720-599-3505 or 206-795-5798 for a free evaluation of your case.