Financial Advisor Fraud

Michael Antalek, a broker associated with Hornor, Townsend & Kent, LLC, is currently facing a pending customer dispute, according to his FINRA BrokerCheck report. The complaint, filed on January 30, 2024, alleges that Antalek failed to fully explain the premium requirements for a variable life insurance policy. As a result, the customer is requesting the […]

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