What Did Washington Allege?

The Washington Division of Securities alleged that Klahanie Investment and Li managed a private fund called Serene Lake Capital.  Washington further alleged Serene Lake Capital Fund was overleveraged between August 2021 and May 2023, and this fund lost over 70% of its capital between August 2021 and May 2022.

After one client suffered significant losses in Serene Lake Capital, Li lent money to the customer.  Moreover, she also guaranteed an investment to this same customer.  Washington alleged that this violated securities regulations and fined Li and Klahanie Investment $25,000 regarding these violations.

Background on Li Li

Li Li worked out of an Issaquah, Washington office, while affiliated with Klahanie Investment from March 2018 to the present. 

Can I Recover My Investment Losses?

Yes—investors may have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

Li Li may be individually liable for if her recommendations contained misrepresentations, unsuitable advice, or breaches of fiduciary duty.  Klahanie Investment may also bear responsibility.

We Represent Investors in Washington State

At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout Washington and the Pacific Northwest.  Attorney David Neuman is licensed to practice law in Washington, and we have offices in Seattle and Vancouver, Washington.  Our attorneys have extensive experience handling claims involving investment arbitration and litigation claims.

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Li Li or were sold  investments like Serene Lake Capital, contact Israels & Neuman at (720) 599-3505 or (206) 795-5798 for a free case evaluation.

Our attorneys are here to help you understand your rights and determine whether a claim through FINRA arbitration is right for you.

Allegations Regarding the Termination

Juenger was fired by LPL Financial regarding allegations that he borrowed money from a client.  Generally, financial advisors are not allowed to borrow money from clients, except for limited circumstances, and they generally must get prior approval under those limited circumstances.  

Background on Todd Juenger

Todd Juenger was licensed with LPL Financial from May 2025 to October 2025 and also from April 2022 to January 2023.  He previously worked with a number of other firms, including Cuso Financial and Conover Securities.

Is LPL Financial Potentially Liable for Juenger’s Conduct?

FINRA standards provide that brokerage firms like LPL Financial must reasonably supervise the activities of their financial advisors.   Firms that fail to do so could be responsible for investor losses. 

We Help Investors in Washington

We represent investors throughout the United States including Washington, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  We have offices in Seattle and Vancouver, Washington. If you were a client of Todd Juenger and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Juenger’s 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. We have offices in Seattle and Vancouver and can help you recover the money you deserve.

The attorneys at Israels & Neuman have talked with former clients of Roger Bowlin who feel they may have lost money, and there may be options for recovery.

REITs are investments in pools of real estate, which attempt to diversify the investors’ holdings.  While investors can buy publicly traded REITs, which are generally available to be bought and sold on a stock exchange, he recommended the purchase of non-traded REITs.  The non-traded REITs often have high fees, commissions, and expenses, sometimes totaling between 15% and 20% of the investors’ funds.  This makes it difficult for the REIT to remain profitable over the long-term, and in some instances, the REIT can lose a lot of money.

Bowlin is also believed to have sold other non-traded investments like BREX Parker, Blue Owl Real Estate Exchange, CX Heritage, and Vintage DST.

Roger Bowlin’s Background

Roger Bowlin was licensed with Concorde Investment Services from May 2016 to April 2021 in a Mercer Island, Washington office.  He has been with Aurora Securities from April 2021 to the present in a Kirkland, Washington office, and was also previously registered with Independent Financial Group in Issaquah. 

Can Concorde Investment Services be Liable?

FINRA provides numerous rules and regulations governing the securities brokerage industry.  A brokerage firm must sufficiently monitor the conduct of its financial advisors like Roger Bowlin.  The firm can be responsible for investor losses if it failed to adequately supervise the broker’s conduct.  We regularly represent investors in FINRA arbitration who have been wronged by their financial advisors and stockbrokers.

How Israels & Neuman Can Help You Recover Money

Our firm has recovered millions of dollars for wronged investors across the country. We have brought claims against a wide range of brokerage firms.

We offer free case evaluations, and if we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you.

See Roger Bowlin’s BrokerCheck here

Contact Us for a Free Consultation

If you lost money investing with Roger Bowlin or Concorde Investment Services, you may be entitled to compensation. Attorney Dave Neuman is licensed in Washington and we have offices in Seattle. Contact Israels & Neuman, PLC today for a confidential and no-obligation review of your situation.

Call us at (206) 795-5798 or (720) 599-3505

Have you lost money with advisor Mary Beslagic, formerly with Edward Jones in Manchester, Washington? Our investment fraud law firm is reviewing claims made against this advisor, who was suspended by FINRA from the securities industry for two months and was fined $5,000.

FINRA’s AWC alleges that two of her customers had taken out a $220,000 home equity loan to remodel their home. Knowing this, Ms. Beslagic recommended that the customers invest that money in mutual funds. As the mutual funds declined in value, the customers sold their investments at a loss and had to take out margin loans to meet short-term liquidity needs. FINRA has warned financial advisors going back to 2004 that using home equity to invest is not suitable for most investors.

From August 2011 to August 2023, Mary Beslagic was a representative of Edward Jones. She worked in a Manchester, Washington office. She was also the subject of a customer complaint.

Israels & Neuman is an investment fraud law firm that represents clients in all 50 states including investors in Washington. Attorney Dave Neuman has an office in Seattle and is licensed to practice law in Washington.

To see the FINRA AWC against Mary Beslagic, please click HERE.

You can find Mary Beslagic’s BrokerCheck Report HERE.

If you lost money with Mary Beslagic or Edward Jones, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

KIRKLAND, WASHINGTON Were you a client of financial advisor William Carlton from Kirkland, Washington? Our securities arbitration law firm is looking into allegations made against William Carlton also known as Bill D. Carlton. In December 2023, he was fired by Cetera Advisors. Cetera Advisors had previously acquired First Allied Securities, and Carlton had been affiliated with First Allied from 2008 to September 2022.

Cetera Advisors terminated William Carlton regarding allegations that he engaged in “inappropriate trading practices”, according to FINRA BrokerCheck. Moreover, in September 2024, he was the subject of a complaint made by the Securities and Exchange Commission (SEC). The SEC alleged that he engaged in “cherry picking”, in which he allocated profitable trades to his own account while putting losing trades in the accounts of his customer. The SEC complaint alleged that this scheme caused him to profit $5.3 million from trades while costing his clients $6.4 million in losing trades.

Bill D. Carlton had been with Cetera Advisors from September 2022 to December 2023 and with First Allied Securities from 2008 to September 2022. He worked in Kirkland and Bellevue, Washington branch offices.

Brokerage firms must have written supervisory and compliance procedures, under securities rules and regulations, to monitor their advisors’ conduct. If they fail to reasonably supervise their advisors, they may be liable for customer losses.

Attorney David Neuman is licensed to practice law in Washington and has an office in Seattle. Our firm has represented numerous investors throughout Washington and have sued dozens of brokerage firms in the past.

View BrokerCheck report here. View SEC Complaint here.

If you lost money with William Carlton or Cetera Advisors, please Contact Us at 206-795-5798 for a free evaluation of your case.

SEATTLE, WASHINGTON Did you invest with stockbroker John Kasel in Seattle, Washington? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made against John Kasel, who was formerly with US Bancorp Investments. FINRA’s Arbitration Award Database shows that he tried to expunge an incident from his record. The arbitration panel has denied his request.

FINRA’s BrokerCheck reveals that John Kasel has two marks on his record. First, in 2017, he was the subject of a customer complaint that settled for $76,900 where the customer was seeking $70,000 in damages. Second, in 2019, he was suspended for three months by FINRA regarding allegations that he engaged in an undisclosed outside business activity by managing a customer’s real estate properties for compensation. The arbitration award is unclear as to which incident Mr. Kasel tried to have expunged from his record.

According to BrokerCheck, John Kasel had been with US Bancorp Investments from September 2016 to February 2019. He also worked with KMS Financial from 2005 to December 2014, and worked in Seattle, Washington.

Israels & Neuman is an investment fraud and securities arbitration law firm with offices in Seattle, Denver, Phoenix, and Ann Arbor, Michigan. We have recovered millions of dollars for investors in the past and represent investors throughout the country, including in Washington. Attorney David Neuman oversees our main office located in Seattle, Washington.

View BrokerCheck Report HERE.

If you lost money with John Kasel or US Bancorp Investments, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

SEATTLE, WASHINGTON Israels & Neuman is reviewing allegations made by FINRA against David Wong, who owns and operates Integrity Brokerage in Seattle, Washington. FINRA wants to punish this advisor according to a May 2024 complaint.

FINRA has alleged that David Wong misappropriated about $9,500 from three clients in 2022 and 2023. It was alleged that he converted the money by withdrawing it from customer accounts and depositing the money into accounts owned by his brokerage firm.

David Wei Wong is a representative of Integrity Brokerage, from April 2020 to the present. He is also an advisor with Integrity Advisers, LLC. He operates offices in Seattle, Washington and Los Angeles, California. He was also the subject of a 2021 customer complaint.

Israels & Neuman has offices in Seattle, Denver, Phoenix, and Ann Arbor, Michigan. Attorney David Neuman is licensed to practice law in Washington, and we represent investors throughout the Seattle area.

If you lost money with David Wong or Integrity Brokerage, please Contact Us at 206-795-5798 for a free evaluation of your case.

View FINRA’s Complaint HERE View BrokerCheck Report HERE

Have you lost money with financial advisor Chad M. Mackland of Council Bluffs, Iowa? We are continuing to look into allegations made against Mackland. The SEC recently barred Mackland from the securities industry in any capacity. Mackland was charged with multiple felonies related to insurance sales practices.

In March 2021, FINRA, the Financial Industry Regulatory Authority barred Mackland from the securities brokerage industry. Mackland was charged with fraud in Pottawattamie County, Iowa for theft.

Chad Mackland was a financial advisor and registered representative of Northwestern Mutual from 2005 to August 2016. He was also with MML Investors Services from March 2017 to September 2018 and with Lion Street Financial from December 2018 to February 2020. He worked at branch offices in Council Bluffs, Iowa and Omaha, Nebraska. Mackland was also discharged by MassMutual and allowed to resign by Northwestern Mutual.

Brokerage firms like Northwestern Mutual, MML Investors Services, and Lion Street 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 throughout Iowa and Nebraska. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against MML Investors Services.

Click here to view C. Mackland BrokerCheck Report

If you lost money with Chad Mackland, Northwestern Mutual, MML Investors Services, or Lion Street Financial please Contact Us at 720-599-3505 or 206-795-5798 for a free evaluation of your case.

Daniel Jossen was a financial advisor and registered representative of NYLife Securities from 2011 to February 2021. He worked in a branch office in Bethesda, Maryland. Jossen also was permitted to resign by NYLife Securities.

Brokerage firms like NYLife 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; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Maryland. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View BrokerCheck: Jossen, D. BrokerCheck 6.28.21

View FINRA AWC: Jossen, D. FINRA AWC

If you lost money with Daniel Jossen or NYLife Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Eric Burton was a financial advisor and registered representative of LPL Financial from April 2016 to March 2019. He has been with Cetera Advisors from February 2019 to the present. He worked at a branch office in Orland Park, Illinois. Burton has also been the subject of two customer complaints regarding variable annuities.

Brokerage firms like LPL Financial and Cetera 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois in the past. Attorney David Neuman is licensed to practice law in grew up in the Chicagoland area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View BrokerCheck: Burton, E. BrokerCheck 6.23.21

View FINRA AWC: Burton, Eric FINRA AWC

If you lost money with Eric Burton, Cetera Advisors, or LPL Financial, please CONTACT ISRAELS & NEUMAN at 720-599-3505 or 206-795-5798 for a free evaluation of your case.

Carlos Hurtado was a financial advisor and registered representative of Spartan Capital Securities from April 2018 to June 2021. He worked at a branch office in New York, New York.

Brokerage firms like Spartan Capital 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View FINRA AWC: Hurtado, C. FINRA AWC

View BrokerCheck: Hurtado, C. BrokerCheck 6.23.21

If you lost money with Carlos Hurtado or Spartan Capital Securities, please CONTACT ISRAELS & NEUMAN at 720-599-3505 or 206-795-5798 for a free evaluation of your case.

BIRMINGHAM, ALABAMA – Have you lost money with financial advisor Kevin McCallum of Birmingham, Alabama? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Kevin McCallum. FINRA alleged that McCallum recommended that several of his clients concentrate their investments in BDCs, or business development companies.

FINRA alleged that the investments in BDCs made by McCallum lost his investors over $1.2 million. To settle these allegations, McCallum agreed to a one-year suspension, a $25,000 fine, disgorgement of $14,000, and restitution of over $1.2 million for the BDC losses.

Kevin McCallum was a financial advisor and registered representative of LPL Financial from May 2012 to July 2019. He was also with Cadence Bank for the same time period. He worked at a branch office in Birmingham, Alabama. McCallum has been the subject of 5 customer complaints.

Brokerage firms like LPL 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Alabama in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against LPL Financial.

View FINRA AWC: McCallum, Kevin FINRA AWC

View BrokerCheck: McCallum, Kevin BrokerCheck 6.22.21

If you lost money with Kevin McCallum or LPL Financial, please CONTACT ISRAELS & NEUMAN Law Firm at (720) 599-3505 or (206) 795-5798 for a free evaluation of your case.

Marc Reda has been a financial advisor and registered representative of Spartan Capital Securities from May 2016 to the present. He was also associated with PHX Financial. He worked at a branch office in New York, New York. Reda has been the subject of Twelve (12) customer complaints and was permitted to resign by PHX Financial in 2016.

Brokerage firms like Spartan Capital 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York in the past. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

Click to view FINRA Complaint: Reda, Marc FINRA Complaint

Click to view BrokerCheck: Reda, Marc BrokerCheck 6.16.21

If you lost money with Marc Reda or Spartan Capital Securities, please CONTACT US at (720) 599-3505 or (206) 795-5798 for a free evaluation of your case.

Daniel Della Rosa was a financial advisor and registered representative of Corinthian Partners from November 2017 to March 2021. He was also with Paulson Investment Company from July 2016 to August 2017. He worked at a branch office in Tampa, Florida.

Brokerage firms like Corinthian Partners and Paulson Investment Company 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Florida in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Paulson Investment Company.

Click to view BrokerCheck: Della Rosa, D. BrokerCheck 6.15.21

If you lost money with Daniel Della Rosa or Corinthian Partners, CONTACT ISRAELS & NEUMAN Law Firm at (206) 795-5798 or (720) 599-3505 for a free evaluation of your case.

Salvatore Pizzimenti was a financial advisor and registered representative of Worden Capital Management from November 2016 to December 2019. He worked at a branch office in New York, New York.

Brokerage firms like Worden Capital Management 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view BrokerCheck: Pizzimenti, S BrokerCheck 6.14.21

Click to view FINRA AWC: Pizzimenti, S. FINRA AWC

If you lost money with Salvatore Pizzimenti or Worden Capital Management, CONTACT ISRAELS & NEUMAN law firm at (720) 599-3505 or (206) 795-5798 for a free evaluation of your case.