OWENSBORO, KENTUCKY Are you a former customer of stockbroker Robert Gleason Jr., formerly with Cantella & Co. in Owensboro, Kentucky? Gleason, who was affiliated with Cantella & Co. from November 2016 to December 201, was under investigation by the Financial Industry Regulatory Authority (FINRA) for potentially violating FINRA’s Regulation Best Interest rule.

According to the complaint, he violated Regulation Best Interest by excessively trading or churning a customer’s account. The customer had a turnover ratio of 12.93 with a cost-equity ratio of 28%. This means that the customer would have needed to earn a profit of 28% just to break even from the costs of trading.

Robert Gleason was fired by Cantella & Co. in December 2021. He was also the subject of two customer complaints, one of which was made in March 2022.

Our investment fraud law firm represents clients all over the country, including investors in Kentucky. We have represented over one thousand investors against numerous firms.

If you lost money with Robert Gleason or Cantella & Co., please Contact Us at 206-795-5798 for a free evaluation of your case.

View BrokerCheck report HERE View FINRA AWC HERE

CLAYTON, MISSOURI Have you invested with stockbroker James Monken from Clayton, Missouri? We are looking into two complaints made by former customers who filed claims against Mr. Monken’s brokerage firm. Morgan Stanley has faced two customer complaints, filed in July and September 2023, alleging that Monken misrepresented investments in a managed account, and that a trading strategy was not made in the client’s best interest, respectively. Both claims were filed with FINRA arbitration and are still pending.

From September 2012 to the present, James Monken worked in a Clayton, Missouri office for Morgan Stanley. He also operated Resurgens Investments and Legacy Capital Advisors.

Securities brokerage firms are required by FINRA to supervise their advisors. If any misrepresentations were made in connection with the management of a customer’s account, the brokerage firm could be responsible for any accompanying financial losses.

BrokerCheck report can be seen HERE

If you lost money with James Monken or Morgan Stanley, please Contact Us at 206-795-5798 for a free evaluation of your case.

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.

FALMOUTH, MASSACHUSETTS

Have you invested with Christopher Cavallaro from Falmouth, Massachusetts? The securities and investment fraud law firm of Israels & Neuman is looking into complaints made by several former customers who have filed claims against Christopher Cavallaro’s former brokerage firm, Lincoln Financial Advisors. Since April 2022, Lincoln Financial Advisors has faced five customer complaints, all alleging that their advisor sold them an unsuitable oil and gas investment. The oil and gas investment allegedly lost money, which led to the customers filing these complaints in FINRA arbitration.

From 2003 to October 2016, Christopher Cavallaro worked in a Falmouth, Massachusetts office for Lincoln Financial Advisors. He has been with LPL Financial since October 2016. He also operated Integrated Wealth Concepts.

Brokerage firms must perform due diligence on all investment products it sells. If they to adequately perform due diligence, the brokerage firms could be liable for investor losses.

VIEW BROKER CHECK REPORT HERE

If you lost money with Christopher Cavallaro or Lincoln Financial Advisors, please Contact Us at 206-795-5798 for a free evaluation of your case.

SEATTLE, WASHINGTON

Are you a former client of Keliikai Castillo with UnionBanc Investment Services in Seattle, Washington? He was fired by UnionBanc Investment Services in July 2023. According to BrokerCheck, Castillo engaged in unreported outside business activities and private securities transactions.

In simple terms, this means that he allegedly sold investments that were not approved by UnionBanc Investment Services. FINRA Rule 3280 provides that no representative of a brokerage firm can engage in a transaction in which the representative will earn compensation without getting approval from their brokerage firm.

Keliikai Castillo was a financial advisor and registered representative of UnionBanc Investment Services between May 2009 and July 2023. He worked in offices in Seattle, Washington. He had been licensed in the securities industry since 2004.

Our investment fraud law firm has an office in downtown Seattle, and we represent investors all over the Seattle area. Attorney David Neuman is licensed to practice law in Washington.

VIEW CASTILLO BROKERCHECK REPORT HERE.

If you lost money with Keliikai Castillo or UnionBanc Investment Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

WILLIAMSVILLE, NEW YORK

Financial advisor Damian Baird has been indefinitely suspended by FINRA, as of June 2023. Damian Mark Baird, who previously worked with Moors & Cabot and Morgan Stanley in Williamsville, NY failed to respond to a FINRA investigation, which led to the suspension.

An investigation was started by FINRA when a customer complaint was made in March 2023. The customer alleged that a $50,000 check was written to open up an investment account, but that the check may have been altered and made payable to Damian Baird. This suspension comes on the heals of an arbitration hearing against Morgan Stanley in January 2023, in which Baird was ordered to pay over $875,000 in compensatory damages and $176,000 in interest.

Damian Mark Baird worked in Williamsville, New York. He was licensed with Moors & Cabot from June 2020 to February 2023 and with Morgan Stanley from November 2018 to May 2020. He had also been the subject of four other customer complaints besides the one filed in March 2023. Baird also had a securities license denied in Florida in 2014 after he allegedly made false statements on the application.

Financial advisors are required to comply with FINRA’s investigation or face punishment under FINRA Rule 8210. If Baird continues to refuse to cooperate with FINRA’s investigation, he likely will be barred from the securities industry.

View Baird, D. BrokerCheck 8.7.23 View M. Stanley v. Baird Award

If you lost money with Damian Baird or Moors & Cabot, please Contact Us at 206-795-5798 for a free evaluation of your case.

MONETA, VIRGINIA

Are you a former client of stockbroker Shane Wilhelm, formerly with Suntrust Investment Services and Fortune Financial Services in Moneta, Virginia? The investment fraud and securities arbitration law firm of Israels & Neuman is reviewing allegations regarding Shane Wilhelm after FINRA (the Financial Industry Regulatory Authority) indefinitely suspended him when he did not cooperate with a FINRA investigation.

In September 2022, Shane Wilhelm was fired by MGO One Seven, doing business as North Mountain Wealth Management. He was also terminated by Fortune Financial Services in October 2022, which led to the investigation by FINRA. Generally, licensed brokers have to respond to investigations by FINRA or face suspension or expulsion from the industry.

Suntrust Investment Services (now called Truist Investment Services), Wilhelm’s former brokerage firm from August 2015 to February 2021, faced three customers complaints because of his conduct. Suntrust paid $400,000 to settle one of the claims, denied a second complaint, and the third complaint is still pending.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Virginia.

View Wilhelm, S. BrokerCheck 7.24.23

If you lost money with Shane Wilhelm, Suntrust, or Fortune Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

LOS ANGELES, CALIFORNIA

Did you lose money with financial advisor Gregory Iglow with Oppenheimer & Co. in Los Angeles, California? Our law firm is looking into claims made by current or former clients Gregory Iglow, who has been a representative of Oppenheimer since June 2007.

According to BrokerCheck, Gregory Iglow has been the subject of nine customer complaints, two of which have been filed in 2023. The two most recent complaints allege that he made unsuitable recommendations to invest in Capital Trust Agency Florida Senior Living Bonds. The Capital Trust Agency Florida Senior Living Bonds allegedly lost $3 million according to the most recent complaint.

Gregory Iglow must be supervised by Oppenheimer & Co. pursuant to FINRA Rule 3110. Oppenheimer also needs to supervise whether their advisors are making suitable investment recommendations.

Our securities and investment fraud law firm has offices in Denver, Colorado; Phoenix, Arizona; and Seattle, Washington. Our attorneys represent investors in FINRA arbitration proceedings in all 50 states, including investors in southern California and Los Angeles. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Oppenheimer & Co.

View Iglow, g BrokerCheck 7.9.23

If you lost money with Gregory Iglow or Oppenheimer & Co., please Contact Us at 206-795-5798 for a free evaluation of your case.

BATTLE GROUND, WASHINGTON

Have you invested with Joseph Hurley from Battle Ground, Washington? The securities and investment fraud law firm of Israels & Neuman is looking into allegations made by a customer who filed a claim against Joseph Hurley’s brokerage firm, Cambridge Investment Research. In May 2023, a customer alleged that he recommended an unsuitable oil and gas investment. The oil and gas investment allegedly lost money, which led to the customer filing a complaint in FINRA arbitration.

From April 2010 to the present, Joseph Hurley has worked in a Battle Ground, Washington office for Cambridge Investment Research. He also operated Gateway NW Wealth Advisors. According to BrokerCheck, Hurley had a $100,000 tax bill owed to the IRS, which was settled by paying $15,296. Hurley was also the subject of a 2008 complaint that was denied.

In 2017, another Cambridge Investment Research advisor, Gary Meier, was in trouble with the Washington Department of Financial Institutions. In November 2017, Meier entered into a consent order with the Washington DFI in which Meier’s investment adviser representative registration was withdrawn in lieu of revocation.

Our law firm has an office in Vancouver, Washington, and attorney David Neuman is licensed to practice law in Washington. We also have previously represented investors against Cambridge Investment Research.

View Hurley, j BrokerCheck 7.8.23

If you lost money with Joseph Hurley or Cambridge Investment Research, please Contact Us at 206-795-5798 for a free evaluation of your case.

WAUWATOSA, WISCONSIN

Are you a former client of financial advisor Robert Starnes formerly with SA Stone Wealth Management in Wauwatosa, Wisconsin? Starnes registration with SA Stone Wealth Management was terminated in May 2023. He was fired after an executor of an estate complained that he accepted funds from a customer and deposited the money into his personal account.

According to FINRA’s BrokerCheck Report, Robert Starnes was licensed with SA Stone Wealth Management from December 2019 to May 2023. He was previously registered with Quest Capital. He had an office in Wauwatosa, Wisconsin and also operated the Offices of Robert C. Starnes.

SA Stone Wealth Management has an obligation to abide by securities rules and regulations. This includes duties to adequately monitor conduct of its financial advisors. Failures to sufficiently supervise representatives can potentially lead to liability for brokerage firms.

View Starnes, r BrokerCheck 6.28.23

If you lost money with Robert Starnes or SA Stone Wealth Management, please Contact Us at 206-795-5798 for a free evaluation of your case.

CLEVELAND, OHIO

Did you invest with financial advisor, Daniel Lauletta of Cleveland, Ohio? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made by the Arkansas Securities Department, against Daniel Lauletta. Arkansas revoked his securities license regarding allegations that he breached his fiduciary duty to customers. In particular, Arkansas alleged that he advised two customers to liquidate securities to purchase unsuitable insurance products and annuities.

Daniel Lauletta had been affiliated with MML Investors Services from March 2017 to April 2022. He worked in a Cleveland, Ohio office. Lauletta has also been the subject of six customer complaints, and he was terminated by MML Investors Services after it learned of the Arkansas investigation.

MML Investors Services must reasonably supervise the activities of its representatives. The brokerage firm could be held liable for Lauletta’s conduct if it failed to reasonably supervise him.

Israels & Neuman PLC is an investment fraud law firm that represents investors all over the country in FINRA arbitration. We have represented numerous investors in Ohio in the past, and we have also had prior claims against MML Investors Services.

View Lauletta, d BrokerCheck 6.28.23

If you lost money with Daniel Lauletta or MML Investors Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

BOCA RATON, FLORIDA

Did you invest in oil and gas investments with financial advisor Abbe Wollins, formerly with David Lerner Associates in Boca Raton, Florida? Our law firm is looking into claims made by FINRA against Abbe Wollins. FINRA has suspended Wollins from the securities industry for three months and fined him $5,000.

According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), Wollins allegedly recommended that three of his customers invest in a limited partnership that was formed to acquire oil and gas properties. FINRA alleged that Wollins did not have a reasonable basis to recommend these investments and therefore violated Rule 2111. In addition to the fine, Wollins was also ordered to disgorge $2,448 in commissions from the oil and gas sales.

Abbe J. Wollins worked with David Lerner Associates from 2007 to July 2021. Wollins worked in Boca Raton and Coral Springs, Florida.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Florida. We also have previously represented over one thousand investors against dozens of securities brokerage firms around the country, including against David Lerner Associates.

View Wollins, a FINRA AWC

View Wollins, a BrokerCheck 6.22.23

If you lost money with Abbe Wollins or David Lerner Associates, please Contact Us at 206-795-5798 for a free evaluation of your case.