2025

Luke Crapo, a broker with Northwestern Mutual Investment Services, LLC, has been accused of misrepresenting the flexibility of a variable universal life insurance policy and pressuring a customer into purchasing an unsuitable policy in November 2022. The customer dispute, filed on January 30, 2024, was denied by the firm, stating that the customer was provided […]

In a recent development, a customer has filed a complaint against Richard Acker, a registered representative of Centaurus Financial, Inc. (CRD 30833) in New York. The allegations, which are currently pending resolution, claim that from December 2011 through November 2013, Acker recommended unsuitable investments and investment strategies in various illiquid alternative investments, primarily involving real

Burton Bartlett, a broker associated with Landolt Securities, Inc. (CRD 28352), is facing allegations of unsuitable investment recommendations related to the sale of GWG Holdings Inc. L bonds. The customer complaint, which was recently settled, comes nearly two years after GWG Holdings Inc. filed for Chapter 11 bankruptcy protection. Customer Alleges Unsuitable L Bond Purchase

Cynthia Giovacchino, a broker and investment advisor associated with SAIC Institutions, Inc. (CRD 35371) in Connecticut, is currently facing allegations of misrepresentation and unsuitability related to alternative investments and structured products. The customer dispute, filed on January 30, 2024, is pending resolution, with the disclosure type listed as a customer dispute. The allegations against Giovacchino

Cynthia Giovacchino, a broker and investment advisor with SAIC Institutions, Inc., is currently facing allegations of misrepresenting structured barrier notes to a customer. The customer dispute, filed on January 30, 2024, is pending resolution and involves alternative investments and structured products. According to the disclosure on Giovacchino’s FINRA BrokerCheck profile, the customer alleges that Giovacchino