<![CDATA[option - Israels & Neuman, PLC]]> https://www.israelsneuman.com/blog/tags/option/ Wed, 20 Aug 2025 15:41:51 GMT en-us <![CDATA[JAE KIM of E1 Asset Management is BARRED]]> https://www.israelsneuman.com/blog/jae-kim-of-e1-asset-management-is-barred/ https://www.israelsneuman.com/blog/jae-kim-of-e1-asset-management-is-barred/ Mon, 01 Apr 2024 19:58:20 GMT Jae Kim Formerly with E1 Asset Management Barred CORTLANDT MANOR, NEW YORK Have you lost money investing with financial advisor Jae Kim in Cortlandt Manor, New York? After Jae Kim failed to respond to FINRA’s inquiry, he was barred from the securities industry. FINRA Rule 8210 states that licensed advisors are required to respond to…

]]> Jae Kim Formerly with E1 Asset Management Barred

CORTLANDT MANOR, NEW YORK Have you lost money investing with financial advisor Jae Kim in Cortlandt Manor, New York? After Jae Kim failed to respond to FINRA’s inquiry, he was barred from the securities industry. FINRA Rule 8210 states that licensed advisors are required to respond to FINRA investigations.

FINRA began its investigation after he was the subject of a customer arbitration claim. The customer alleged $4 million in losses with respect to options and stocks. Jae Kim allegedly acknowledged FINRA’s request for information related to the customer complaint but would not provide FINRA with the information.

Jae Kim was licensed with E1 Asset Management from 2003 to March 2024. He worked in Cortlandt Manor, New York. In addition to the most recent customer complaint, he also has been the subject of eight other customer complaints and also filed for bankruptcy in January 2024.

Under FINRA’s Rules, E1 Asset Management must adequately supervise the acts of its representatives. If the brokerage firm fails to do so, it could be held responsible for investor losses. Our law firm has represented over 1,000 investors in the past, including numerous investors in New York.

View FINRA AWC HERE View BrokerCheck Report HERE

If you lost money with Jae Kim, or E1 Asset Management, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

]]> <![CDATA[GARY COSTELLO of Truist Investment is FIRED]]> https://www.israelsneuman.com/blog/gary-costello-trust-investment-fired/ https://www.israelsneuman.com/blog/gary-costello-trust-investment-fired/ Thu, 02 Nov 2023 16:39:42 GMT Gary Costello Fired by Truist Investment Services PALM BEACH, FLORIDA Are you a present or former customer of Gary 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…

]]> Gary Costello Fired by Truist Investment Services

PALM BEACH, FLORIDA

Are you a present or former customer of Gary 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 S. Costello’s BrokerCheck report (see link below) 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.

VIEW BROKERCHECK REPORT HERE

If you lost money with Gary Costello, Oppenheimer, or Truist Investment Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

]]> <![CDATA[ANDREW SCHELL of DA Davidson 19 Customer COMPLAINTS]]> https://www.israelsneuman.com/blog/andrew-schell-da-davidson-customer-complaints/ https://www.israelsneuman.com/blog/andrew-schell-da-davidson-customer-complaints/ Wed, 01 Nov 2023 21:34:11 GMT Andrew Schell with D.A. Davidson Subject of 19 Complaints COLORADO SPRINGS, COLORADO Did you invest with Andrew Schell from Colorado Springs, Colorado? Our investment fraud law firm is reviewing allegations made by clients of Andrew Schell, formerly with D.A. Davidson. Mr. Schell had been a financial advisor of D.A. Davidson from January 2020 to March…

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COLORADO SPRINGS, COLORADO

Did you invest with Andrew Schell from Colorado Springs, Colorado? Our investment fraud law firm is reviewing allegations made by clients of Andrew Schell, formerly with D.A. Davidson.

Mr. Schell had been a financial advisor of D.A. Davidson from January 2020 to March 2022 in Colorado Springs, Colorado. He has been the subject of 19 customer complaints since January 2022, many of which allege that he made unsuitable investments in stocks and options. Nearly all of the cases have settled, but a July 2023 complaint is still pending.

Stockbrokers are subject to the rules of FINRA, the Financial Industry Regulatory Authority. One of these rules is FINRA Rule 2111, which provides that financial 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 Colorado. Attorney Aaron Israels has an office in Denver and is licensed to practice law in Colorado.

VIEW BROKERCHECK REPORT HERE

If you lost money with Andrew Schell or D.A. Davidson, please Contact Us at 720-599-3505 for a free evaluation of your case.

]]> <![CDATA[DAVID MELILLI of SagePoint and Cambridge Accused of Fraud]]> https://www.israelsneuman.com/blog/david-melilli-of-sagepoint-and-cambridge-accused-of-fraud/ https://www.israelsneuman.com/blog/david-melilli-of-sagepoint-and-cambridge-accused-of-fraud/ Tue, 09 Nov 2021 17:36:11 GMT MOORESTOWN, NEW JERSEY Have you lost money with financial advisor David Melilli, formerly with SagePoint Financial and Cambridge Investment Research in Moorestown, New Jersey? We are looking into allegations made against David John Melilli. Melilli was barred from the securities industry by FINRA after he failed to respond to an investigation. FINRA was investigating allegations…

]]> MOORESTOWN, NEW JERSEY Have you lost money with financial advisor David Melilli, formerly with SagePoint Financial and Cambridge Investment Research in Moorestown, New Jersey? We are looking into allegations made against David John Melilli. Melilli was barred from the securities industry by FINRA after he failed to respond to an investigation. FINRA was investigating allegations that he exercised discretion in customer accounts without written authorization; that he engaged in unauthorized trading in a deceased customer’s account; and that he forged customer signatures on documents.

David Melilli was with SagePoint Financial from January 2010 to August 2019. He was also with Cambridge Investment Research from September 2019 to February 2020. He has worked at branch offices in Moorestown, New Jersey. Melilli was also the subject of three customer complaints, one of which alleges unauthorized trading in options.

Brokerage firms like SagePoint 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 Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against SagePoint Financial and Cambridge Investment Research.

View D. Melilli BrokerCheck Report

If you lost money with David Melilli, Cambridge Investment Research, or SagePoint Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

]]> <![CDATA[Investigation of CHRISTOPHER KENNEDY of Western International]]> https://www.israelsneuman.com/blog/christopher-kennedy-western-international/ https://www.israelsneuman.com/blog/christopher-kennedy-western-international/ Mon, 04 Oct 2021 17:25:51 GMT TARZANA, CALIFORNIA Have you lost money with financial advisor Christopher B. Kennedy, formerly with Western International Securities in Tarzana, California? We are looking into allegations made against Christopher Kennedy. Kennedy has been the subject of four customer complaints, three of which were made within the last year. The complaints allege unsuitable options trading that caused…

]]> TARZANA, CALIFORNIA Have you lost money with financial advisor Christopher B. Kennedy, formerly with Western International Securities in Tarzana, California? We are looking into allegations made against Christopher Kennedy. Kennedy has been the subject of four customer complaints, three of which were made within the last year. The complaints allege unsuitable options trading that caused significant losses.

Christopher Kennedy was with Western International Securities from August 2017 to July 2019 and again from December 2019 to August 2021. He has worked at branch offices in Tarzana, California. Kennedy was also terminated by Western International Securities regarding options trading.

Brokerage firms like Western International 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 California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Western International Securities.

Click here to view C. Kennedy BrokerCheck Report

If you lost money with Christopher Kennedy or Western International Securities, 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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