Allegations Against Richard Routie in Orlando, FL FINRA has initiated an investigation into Richard Routie of Orlando, Florida, regarding allegations that he “borrowed” money from customers. In response, he refused to appear for an on-the-record interview, which led to him being barred from the securities industry. Richard Routie Industry History Richard S. Routie was affiliated…
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Allegations Against Brian and Ryan Davis FINRA opened an investigation into Brian Boyer Davis and Ryan W. Davis of Tulsa, Oklahoma, regarding the family members’ alleged involvement in a private securities transaction. Essentially, FINRA was trying to determine whether Brian and Ryan Davis sold investments that were not authorized by their firm, Principal Securities. After…
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Allegations Regarding the Expulsion In June 2025, Eric Fiallo of Hialeah, Florida was terminated by PFS Investments (Primerica) regarding allegations that he borrowed money from a securities customer. Under FINRA Rule 3240, advisors are generally prohibited from borrowing money from clients, with limited exceptions. That termination led FINRA to start its own investigation into Fiallo. …
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Contact Israels & Neuman at (720) 599-3505 if you lost money with Jennifer Ceterko of LPL Financial in Wayne, New Jersey. Allegations Against Jennifer Ceterko FINRA alleged that it started an investigation into Jennifer Ceterko after she was alleged to have “Accessed outside investment accounts” using the login credentials of her former clients and participated…
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If you lost money with Douglas McCauley of Madison Avenue Securities in Arlington, Vermont, call Israels & Neuman at (720) 599-3505 for recovery options. Allegations by FINRA FINRA has initiated an investigation into Douglas McCauley, inquiring about his outside business activities. FINRA alleged that he refused to cooperate with the investigation, which violates FINRA Rule…
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If you lost money in Serene Lake Capital with advisor Li Li in Issaquah, Washington, contact Israels & Neuman at 720-599-3505. You may have legal options to recover your losses. 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…
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If you lost money with James Holmes of Wells Fargo in North Carolina, contact Israels & Neuman at 720-599-3505. Allegations Regarding James Eugene Holmes III FINRA brought an investigation into James Holmes of Wells Fargo in Winston-Salem, North Carolina regarding allegations that he engaged in an unsuitable options trading strategy with a client. FINRA further…
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If you lost money with Gustave Schmidt of Investment Network in Smithtown, New York, contact Israels & Neuman at 720-599-3505. FINRA’s Allegations Regarding Schmidt FINRA initiated its investigation into Gustave Schmidt regarding his involvement with StraightPath Venture Partners, LLC. He allegedly recommended that his customer invest in StraightPath Venture Partners for the purpose of investing…
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Call Israels & Neuman at 720-599-3505 if you feel you lost money with Mark Allen Carter of Pruco Securities. Allegations Regarding Mark Carter’s Suspension FINRA has bought a regulatory action against Mark Carter, formerly with Pruco Securities in Charlotte, North Carolina. FINRA alleged that he recommended that a couple engage in options trading that was…
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The investment fraud law firm is looking into allegations involving Stephen M. Franko. Contact us at 720-599-3505 if you feel you suffered losses. Allegations Regarding the Suspension FINRA bought an administrative complaint against Stephen M. Franko and Thomas Scheiman (both of whom worked at Independence Capital Co. in Mount Vernon, Ohio) regarding their sales…
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