Wells Fargo - Israels & Neuman, PLC

Carol Abdo-Brownsberger Fired by Wells Fargo

Israels & Neuman, PLC — Tue, 23 Sep 2025 16:08:33 GMT

Reasons for Wells Fargo’s Termination of Carol Abdo-Brownsberger

Carol Abdo-Brownsberger of Wells Fargo in Daytona Beach, Florida was fired by Wells Fargo in November 2023, regarding allegations that she “failed to obtain approval prior to opening and directing investments in an outside account and receiving a portion of a deceased clients assets”. That also led to FINRA initiating its own investigation into these allegations. In September 2025, Abdo-Brownsberger was suspended from the securities industry for six months and ordered to pay a $5,000 fine. If you lost money, contact the securities and investment fraud law firm of Israels & Neuman at (720) 599-3505.

Background on Carol Abdo-Brownsberger

From 2008 to November 2023, Carol Abdo-Brownsberger was associated with Wells Fargo. She worked in a Daytona Beach, Florida branch. She also previously worked with A.G. Edwards and Dean Witter Reynolds.

Is Wells Fargo Liable for Investment Losses?

As a broker-dealer, Wells Fargo has an obligation to reasonably monitor the conduct of its advisors under FINRA rules. It could be liable if it failed to reasonably supervise her and her conduct.

Israels & Neuman Helps Investors in Florida

We represent investors throughout the United States, including Florida, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

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 your rights.

Leroy Born Fired by Wells Fargo – Risky Investments

Israels & Neuman, PLC — Thu, 28 Aug 2025 18:42:40 GMT

Were you a client of Leroy Born, formerly at Wells Fargo? We are looking into claims involving Leroy Born, who formerly was a representative with Wells Fargo and worked in a Tustin, California office. Born was discharged by Wells Fargo in June 2025.

Wells Fargo’s Allegations Regarding Firing Leroy Born

FINRA’s BrokerCheck discloses the reasons for Born’s termination. According to a BrokerCheck disclosure, Born was fired by Wells Fargo “after a review determined the FA recommended investments inconsistent with certain clients’ recorded investment profiles and risk tolerances”.

Additionally, Leroy Born has been the subject of 11 customer complaints, six of which have been made since October 2024. Some investors alleged that Born made unauthorized investments, that investments were too risky for their risk tolerance, and that Born was not acting in the investor’s best interests.

Background on Leroy Born

Leroy Born was licensed with Wells Fargo from June 2017 to June 2025 at a Tustin, California office. Born is now registered with International Assets Advisory in Las Flores. Born has been in the securities industry since 1999.

Can Wells Fargo Be Liable for Born’s Conduct?

According to FINRA Rule 3110, securities brokerage firms have obligations to sufficiently supervise the activity of its advisors. Wells Fargo could be liable if it failed to reasonably supervise him, considering factors such as the numerous customer complaints made against him.

We Help Investors Nationwide, Including in California

We represent investors throughout the United States as well as California, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Leroy Born and believe your financial advisor acted improperly, you may be entitled to recover losses through FINRA arbitration.

View Leroy Born 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.

Richard Ceffalio of LPL Financial Fired

Israels & Neuman, PLC — Thu, 09 Jan 2025 18:10:44 GMT

Arlington Heights, Illinois

If you’re a past or present client of financial advisor Richard Ceffalio from Arlington Heights, Illinois, our law firm is investigating allegations against him. In May 2024, Ceffalio was terminated by LPL Financial due to claims that he solicited a loan from a client. Typically, financial advisors are prohibited from borrowing from clients, with few exceptions.

FINRA launched an investigation into Ceffalio’s actions. Additionally, he has faced four customer complaints since July 2023, including an allegation of forging a client’s signature on a line of credit agreement.

Ceffalio was employed with LPL Financial from November 2019 until May 2024, working out of an Arlington Heights, Illinois office. He also previously worked at Wells Fargo.

Under securities rules and regulations, LPL Financial is mandated to implement written supervisory and compliance procedures to oversee Ceffalio’s conduct. If LPL Financial failed to adequately supervise him, they could be held liable for any client losses.

Israels & Neuman represents investors nationwide, including those in the Chicagoland area. Attorneys Aaron Israels and David Neuman are licensed to practice in Illinois. Attorney Neuman is a native of the Chicago suburbs and attended the University of Illinois and Northern Illinois University.

You can access Richard Ceffalio’s BrokerCheck report here.

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

ANDREW EGBER of Wells Fargo is BARRED

Israels & Neuman, PLC — Wed, 01 May 2024 20:09:55 GMT

Andrew Egber, Formerly with Wells Fargo, Barred by FINRA from the Securities Industry

BETHESDA, MARYLAND Are you a former client of Andrew Egber in Bethesda, Maryland? The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations against Andrew Egber, who previously worked with Wells Fargo, Raymond James, and Steward Partners Investment Solutions.

He was barred by FINRA after he refused to respond to an investigation. In February 2024, Wells Fargo had filed a disclosure with FINRA that a customer alleged that the customer made an investment with Egber and that the investment funds were not returned. That led to a FINRA investigation which he refused to comply with.

Andrew Egber was registered with Wells Fargo from 2009 to January 2018. He was also with Raymond James from January 2018 to May 2022 and with Steward Partners Investment Solutions from May 2022 to April 2024. He worked in Bethesda, Maryland.

Israels & Neuman has represented over 1,000 investors in the past, including numerous investors in Maryland. Our firm has sued many brokerage firms in the past.

FINRA AWC can be found HERE View BrokerCheck Report HERE

If you lost money with Andrew Egber, or Wells Fargo, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

JOHN DOUGHERTY of LPL Financial is FIRED

Israels & Neuman, PLC — Fri, 22 Sep 2023 17:51:34 GMT

LPL Financial Fires Advisor John Dougherty

BLUE BELL, PENNSYLVANIA

Have you invested with financial advisor John Dougherty from Blue Bell, Pennsylvania? Our law firm is looking into allegations made against John Dougherty. John Dougherty was fired by LPL Financial in July 2023, according to his BrokerCheck Report (linked below).

John A. Dougherty held his securities license with LPL Financial from January 2021 to July 2023. His BrokerCheck report reveals that he was terminated when he “engaged in outside business activity without Firm approval” and “participated in private investments without Firm approval”. He was also the subject of a customer complaint made in January 2023. Previously, Dougherty had been licensed with Wells Fargo and Merrill Lynch in Pennsylvania.

Brokerage firms are required to have written supervisory and compliance procedures, under securities rules and regulations. If the brokerage firm failed to reasonably supervise Dougherty, it may be liable for customer losses.

Our firm has represented numerous investors throughout Pennsylvania and have sued dozens of brokerage firms in the past, including against LPL Financial.

View Dougherty BrokerCheck report Here.

If you lost money with John Dougherty or LPL Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.

KEVIN CARROLL Fired by LPL Financial

Israels & Neuman, PLC — Wed, 06 Sep 2023 15:13:59 GMT

Kevin Carroll Fired by LPL Financial

GLASTONBURY, CONNECTICUT

Are you a former client of Kevin Carroll, formerly with LPL Financial in Glastonbury, Connecticut? According to FINRA’s BrokerCheck website, Mr. Carroll was terminated by LPL Financial in July 2021, regarding allegations that he made transactions in a customers’ account without written authorization.

FINRA has also brought a regulatory complaint against Kevin Carroll. FINRA alleged that he borrowed $31,170 from a customer without obtaining prior approval from his brokerage firm, and it also alleged that he engaged in unauthorized trading. To settle these allegations, Carroll agreed to a four-month suspension and a $10,000 fine.

Kevin Carroll was a registered representative of LPL Financial from February 2019 to July 2021. He also was affiliated with Wells Fargo and Buell Securities in the last five years. He worked in offices in Glastonbury, Connecticut.

According to FINRA Rule 3240, generally financial advisors cannot borrow money from customers unless the advisor has prior permission from the brokerage firms, and a list of limited exceptions applies to the transaction.

Our investment fraud law firm has sued dozens of different brokerage firms, including LPL Financial. We represent clients in all 50 states including Connecticut.

If you lost money with Kevin Carroll or LPL Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.

Carroll, K. BrokerCheck report can be found HERE. Carroll, K. FINRA AWC can be found HERE.

EBONY PARKS of LPL Financial is SUSPENDED

Israels & Neuman, PLC — Tue, 11 Jul 2023 19:08:42 GMT

Ebony Parks, Formerly with LPL Financial, Suspended Indefinitely by FINRA

DAVENPORT, IA

Have you suffered investment losses because of recommendations made by advisor Ebony Parks? Our securities arbitration law firm is looking into allegations made against former LPL Financial and Wells Fargo financial advisor Ebony Parks, from Davenport, Iowa. She was indefinitely suspended by FINRA starting in June 2023.

FINRA has alleged that Parks failed to respond to FINRA requests for information. The investigation was initiated in May 2023, and the suspension was started in June 2023. She was also the subject of an investigation that started in April 2022.

Ebony Parks worked in Davenport, Iowa and had been a representative with LPL Financial from May 2021 to November 2021. Parks also worked with Wells Fargo from December 2019 to April 2021. Parks operated a company called Quad City Investment Center.

Israels & Neuman is an investment fraud law firm that represents investors in securities arbitration, mostly through FINRA arbitration. We represent investors throughout the country, including investors in Iowa and Illinois.

View Parks, e BrokerCheck 7.10.23

If you lost money with Ebony Parks, Wells Fargo, or LPL Financial, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

HELEN CALDWELL of Citigroup Global Markets is BARRED

Israels & Neuman, PLC — Fri, 07 Jul 2023 20:27:33 GMT

Helen Caldwell, Formerly with Citigroup Global Markets, Barred from Securities Industry

CHICAGO, ILLINOIS

Did you invest with stockbroker Helen Caldwell in Chicago, Illinois? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made against Helen Caldwell. FINRA’s Disciplinary Database shows that earlier this month, she was barred from the securities industry by FINRA.

Helen Caldwell was barred because she failed to respond to an investigation initiated by FINRA. The investigation was started because Caldwell was alleged by her former firm, Citigroup Global Markets, to have solicited some of her clients to invest in a film production business, Canal Productions. She did not get permission from Citigroup to sell investments in Canal Productions, and was also fired by Wells Fargo regarding her involvement with Canal Productions.

Helen G. Caldwell was licensed with Citigroup Global Markets from July 2012 to November 2021. She was then affiliated with Wells Fargo from November 2021 to September 2022. Caldwell also has three prior customer complaints on her record, and she was discharged by another firm in 1992.

As a licensed stockbroker, Ms. Caldwell was required to cooperate in FINRA investigations. Additionally, Citigroup Global Markets and Wells Fargo must adequately monitor the conduct of its advisors. If brokerage firms fail to adequately supervise their advisors, the firm could be responsible for financial losses.

Israels & Neuman is an investment fraud and securities arbitration law firm that has recovered millions of dollars for investors in the past, including numerous investors in the Chicagoland area. Attorney David Neuman grew up in the western suburbs of Chicago and practiced law in Illinois for nine years.

View Caldwell, h FINRA AWC

View Caldwell, h BrokerCheck 7.7.23

If you lost money with Helen Caldwell, Canal Productions, or Citigroup Global Markets, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

PAUL FORDHAM of David Lerner Accused of Losses in Energy 11

Israels & Neuman, PLC — Mon, 01 Nov 2021 18:02:24 GMT

BOCA RATON, FLORIDA Have you lost money with financial advisor Paul Fordham, formerly with David Lerner Associates in Boca Raton, Florida? We are looking into allegations made against Paul T. Fordham, Sr. Fordham has been the subject of a customer complaint, which was made within the last year. The complaint alleges losses in Energy 11, which is an oil and gas investment.

Paul Fordham was with David Lerner Associates from 2007 to March 2016. Fordham has been with Wells Fargo from March 2016 to the present. He has worked at branch offices in Boca Raton, Florida.

Brokerage firms like David Lerner Associates 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 Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against David Lerner Associates.

View P Fordham BrokerCheck Report

If you lost money with Paul Fordham, David Lerner Associates, Energy 11, or Energy 12, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

COURTNEY KAPLAN of LPL Financial is BARRED

Israels & Neuman, PLC — Mon, 01 Nov 2021 17:56:06 GMT

PALM HARBOR, FLORIDA Have you lost money with financial advisor Courtney Kaplan, formerly with LPL Financial and Wells Fargo in Palm Harbor, Florida? We are looking into allegations made against Courtney Kaplan. Kaplan was barred from the securities industry by FINRA after she failed to respond to an investigation. FINRA alleged that Kaplan borrowed money from a client and was named as a beneficiary under the client’s will.

Courtney Kaplan was with LPL Financial from March 2019 to July 2021. She was also with Wells Fargo from June 2017 to March 2019. She has worked at branch offices in Palm Harbor, Florida. Kaplan was also allowed to resign by LPL Financial, and he’s been the subject of seven 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.

View C Kaplan BrokerCheck Report

If you lost money with Courtney Kaplan, Wells Fargo, or LPL Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

KENNETH WELSH of Wells Fargo Charged with FRAUD for Stealing Money

Israels & Neuman, PLC — Mon, 01 Nov 2021 17:32:14 GMT

FAIRFIELD, NEW JERSEY Have you lost money with financial advisor Kenneth Welsh, formerly with Wells Fargo in Fairfield, New Jersey? We are looking into allegations made against Kenneth A. Welsh. Welsh was recently charged with wire fraud by the U.S. Attorney’s Office in New Jersey for stealing money from clients. He is alleged to have taken more than $2.8 million and used the funds for personal use.

Kenneth Welsh was with Wells Fargo from 2012 to July 2021. He has worked at branch offices in Fairfield, New Jersey. Welsh was also the subject of four customer complaints.

Brokerage firms like Wells Fargo 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 Wells Fargo.

View K. Welsh BrokerCheck Report

If you lost money with Kenneth Welsh or Wells Fargo, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

PHILLIP ANDERSON Customer Complaints

Israels & Neuman, PLC — Tue, 15 Jun 2021 19:23:27 GMT

Israels & Neuman, PLC Investigates Phillip Anderson, of Kingswood Capital Partners ROSEVILLE, CALIFORNIA – Have you lost money with financial advisor Phillip Curtis Anderson, of Kingswood Capital Partners in Roseville, California? We are looking into allegations made against Phillip Anderson, who has been the subject of two customer complaints, one which was filed in 2021. The 2021 customer complaint alleged that Anderson sold them unsuitable “alternative” illiquid investments. The customer alleged losses of $30,000 in these alternative investments.

Phillip Anderson has been a registered representative of Kingswood Capital Partners from June 2018 to the present. He was also with Wells Fargo from 2010 to March 2017. He has worked at branch offices in Roseville, California.

Brokerage firms like Kingswood Capital Partners 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.

Click to view BrokerCheck: Anderson, Phillip BrokerCheck 6.11.21 (1)

If you lost money with Phillip Anderson or Kingswood Capital Partners, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.