FINRA alleged that it has opened an investigation into David K. Franklin of New York, NY after he was criminally charged with “Conspiracy to Commit Health Care Fraud” and “Conspiracy to Commit Money Laundering” in May 2025.  FINRA then alleged that Franklin refused to cooperate with their investigation.  The investment fraud and FINRA Arbitration law firm of Israels & Neuman is conducting case reviews to determine if Integral Wealth Securities customers can recover their money.

It is a violation of FINRA Rule 8210 to refuse to respond to or cooperate with a FINRA investigation.  Violations of this Rule often result in suspensions or expulsions from the securities brokerage industry, and Franklin was barred by FINRA.

History of David Franklin

David Franklin was affiliated with Integral Wealth Securities from August 2018 to June 2025.  He worked in a New York City office.

Responsibility of Integral Wealth Securities

Under FINRA Rule 3110, broker-dealers like Integral Wealth Securities must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise their representatives, it could be liable to customers for any investor harm.

Israels & Neuman represents investors in New York who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  If you were a client of David Franklin and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View David Franklin FINRA AWC
• View his BrokerCheck Report

Contact Israels & Neuman for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about recovering the money you deserve.

Did you invest with financial advisor Troy Orlando in New York, New York? Israels & Neuman is looking into claims made by FINRA against this advisor, who had been an affiliate of Craft Capital Management from March 2022 to November 2023. In November 2024, he was barred from the securities brokerage industry by FINRA after he refused to cooperate with a FINRA investigation.

According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), Mr. Orlando was permitted to resign by Craft Capital Management in November 2023. FINRA had previously suspended him in November 2023 after he allegedly violated Regulation Best Interest while he worked at prior brokerage firms. FINRA was also investigating the suitability of his trades at Craft Capital, which led to his expulsion from the industry.

Troy A. Orlando was previously registered with Craft Capital Management, Joseph Gunnar, and Joseph Stone Capital. He worked in New York, New York and also was the subject of two customer complaints and a 2022 bankruptcy.

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

FINRA’s AWC Regarding Troy Orlando can be found HERE

Troy Orlando’s BrokerCheck Report can be found HERE

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

Matthew Siliato was a financial advisor and registered representative of Wynston Hill Capital from December 2018 to June 2019 and worked with Craig Sherman. He was also with Spartan Capital Securities from January 2017 to November 2018. He worked at branch offices in New York, New York. Siliato has been the subject of seven customer complaints.

Brokerage firms like Wynston Hill Capital 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 throughout New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View M. Siliato BrokerCheck Report

View C. Sherman BrokerCheck Report

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

To settle these allegations, Aegis Capital agreed to pay a $1.05 million fine and $1.69 million in restitution to effected customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Aegis Capital.

View Aegis Capital BrokerCheck Report

If you lost money investing with Aegis Capital, please Contact Us at 720-599-3505 for a free evaluation of your case.