Financial Advisor Fraud

Allstate Financial Services, LLC and its representative, Justin Phillips, are currently under investigation by the national investment fraud law firm, Haselkorn & Thibaut. The firm is examining allegations of forgery against Phillips, who has been a registered broker with Allstate Financial Services, LLC since October 21, 2020. According to the disclosure on Phillips‘ FINRA BrokerCheck […]

Emerson Equity LLC and broker Michael Culwell are currently facing allegations of misrepresentation and unsuitable transactions related to Delaware Statutory Trust investments. The customer dispute, filed on January 31, 2024, is currently pending, with the damage amount requested undisclosed at this time. Haselkorn & Thibaut, a national investment fraud law firm, is investigating the advisor

Jeremy Meger, a broker associated with NYLife Securities LLC (CRD 5167), faces allegations from a customer claiming that the three separate variable annuity policies purchased between January 2019 and March 2021 were unsuitable recommendations. The customer is requesting a waiver of surrender charges in the settled dispute, which was disclosed on January 31, 2024. According

Peter Kalmus, a broker associated with IBN Financial Services, Inc., is currently facing allegations of unsuitable recommendations and inadequate due diligence related to offerings presented by GPB Capital Holdings, LLC. The customer dispute, filed on January 31, 2024, is currently pending resolution and involves direct investment in DPP & LP interests. According to a recent

David Ford, a broker and investment advisor associated with LPL Financial LLC, has been named in a customer dispute alleging misrepresentation and unsuitability related to investments in real estate securities and business development companies (BDCs). The complaint, filed on January 31, 2024, was ultimately denied by the firm. Investment fraud and bad advice from financial