Financial Advisor Fraud

Matthew Wilkes, a former financial advisor at TrustFirst, is facing allegations of recommending unsuitable premium-financed life insurance policies and failing to properly explain the risks involved to his clients. The claimants allege that Wilkes later made an unsuitable recommendation to change insurance providers, compounding the issue. The case, which is currently pending, highlights the importance […]

In a recent development, Craig McDaniel, a broker with Capital Investment Group, Inc. (CRD 14752) in South Carolina, has been named in a customer dispute alleging misconduct related to the sale of GWG Holdings, Inc. securities. The complaint, which was settled on February 9, 2024, comes in the wake of GWG Holdings, Inc.‘s Chapter 11

Joshua Washington, a broker formerly associated with Morgan Stanley (CRD 149777) in Utah, is facing serious allegations from a client who claims that Washington misused margin and failed to follow instructions to liquidate securities. The complaint, filed on February 12, 2024, is currently pending resolution. Investment fraud and bad advice from financial advisors can have

Brett Rutherford, a broker with Capital Investment Group, Inc., is currently under investigation by Haselkorn & Thibaut, a national investment fraud law firm, for his alleged involvement in the sale of GWG Holdings investments that have resulted in significant losses for investors. Investment fraud and bad advice from financial advisors can have devastating consequences for

In a recent development, UBS Financial Services Inc. and its financial advisor, Randall Berns, are facing serious allegations from a client who claims to have been misled and subjected to improper financial practices. The client alleges that Berns delayed his rollover for three and a half months, lied about capital gains to prevent him from