Allegations of Customer Complaint

According to FINRA’s BrokerCheck, a former customer of Roberts filed a complaint with FINRA in May 2025.  The customer alleged that Roberts sold them private placements and real estate investments (REITs) that were risky and unsuitable.  The customer alleged that the losses from the products sold by Roberts lost over $2.2 million.  The alleged conduct started in 2013.

Michael Roberts’ Securities Background

Mike Roberts was a representative of Triad Advisors from July 2017 to April 2023.  He also worked with Coastal Equities and Centaurus Financial.  He is now registered with The Strategic Financial Alliance. 

Roberts worked in offices Eugene, Oregon; Gilbert, Arizona; and Chandler, Arizona.  Roberts has also been the subject of a 2010 customer complaint which settled for about $85,000 and another complaint in 2018 that settled for $7,500.

Are the Brokerage Firms Liable for this?

FINRA rules provide that advisors like Mike Roberts have to make investment recommendations that are suitable for the customer, based on the customer’s age, risk tolerance, investment objectives, and financial resources.  Roberts’ brokerage firms could be liable if they failed to reasonably supervise Roberts’ conduct.

We Help Investors in Oregon and Arizona

Our law firm represents investors throughout the U.S.  Attorney Aaron Israels is licensed to practice law in Arizona, and we have an office in Phoenix.  Moreover, we also have an office in Seattle and regularly represent investors throughout the Pacific Northwest.

• View Roberts’ BrokerCheck Report

Contact Us 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 your rights.

SIMPSONVILLE, SOUTH CAROLINA – Have you lost money with financial advisor David Wall, formerly of Voya Financial Advisors in Simpsonville, South Carolina? We are looking into allegations made against David Wall. David Wall has been the subject of four customer complaints, all of which were filed within the last year. The customers alleged that Wall sold unsuitable illiquid real estate investments. Wall was also terminated by Voya Financial Advisors for failing to perform an adequate review of account profiles for certain customers who purchased the real estate investments.

David R. Wall was a registered representative of Voya Financial Advisors from June 2013 to March 2021. He has worked at branch offices in Simpsonville, South Carolina.

Brokerage firms like Voya Financial Advisors 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 South Carolina. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Voya Financial Advisors.

Click to view BrokerCheck: Wall, David BrokerCheck 6.17.21

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