Financial Advisor Fraud

Dustin West, a registered investment advisor, is facing allegations of unsuitable fixed annuity sales and failing to disclose conflicts of interest to a client. The customer complaint, filed on February 6, 2024, alleges that West and his colleague, Abeyta, did not inform the client of their insurance sales incentives, upward commission bonuses, and other conflicts […]

Dan Droeg, a former broker and investment advisor with United Planners’ Financial Services of America, is currently facing allegations of misappropriating client funds. The alleged activity occurred between July 2009 and April 2016, according to a pending customer dispute filed on February 6, 2024. The case involves variable annuity products and is currently under investigation

Jack Thacker, a broker and investment advisor associated with Realta Equities, Inc. (CRD 23769), is currently facing allegations of unsuitable investments in a pending customer dispute filed on February 6, 2024. The claimant alleges that Thacker made inappropriate investment recommendations, specifically in alternative investments, resulting in substantial financial losses. The exact amount of damages requested

John Howell, a broker associated with NYLIFE Securities LLC, is currently facing allegations from a customer regarding the recommendation to replace a surrender charge-free variable annuity with two fixed annuities in May 2023. The customer claims that this change resulted in a new surrender charge schedule and additional fees, prompting them to request the rescission

James Paige, a financial advisor at Wells Fargo Clearing Services, LLC, is facing allegations of unsuitable and risky investment recommendations made to clients in 2021. The claimants allege that Paige‘s recommendations were not aligned with their investment knowledge and needs, potentially leading to significant financial losses. As the case is currently pending, the outcome and