Financial Advisor Fraud

In a recent development, Morgan Stanley advisor Fletcher King has been named in a customer dispute alleging that investments recommended for the client were not in her best interests. The complaint, filed by the client’s attorney, raises concerns about the suitability of the investment advice provided by King during the period of 2021-2023. According to […]

In a recent development, Sanford Schmidt, a broker and investment advisor associated with The Leaders Group, Inc. (CRD 37157) in Colorado, has been named in a customer dispute filed on February 1, 2024. The allegations against Schmidt include violations of the Securities Law of 1953, the Illinois Consumer Fraud and Deceptive Business Practices Act, fraudulent

Eric Reed, a broker and investment advisor associated with MML Investors Services, LLC, is facing allegations from a trustee who claims that he was not presented with any options other than the five variable universal life insurance policies he purchased in December 2021. The case, filed with FINRA on February 1, 2024, is currently pending

In a recent development, a customer dispute was filed against Jose Torres, a registered representative of Northwestern Mutual Investment Services, LLC (CRD# 2881) in Florida. The complaint, which was closed with no action taken, alleged that the customer was unhappy with the value of the variable universal life insurance policy and brokerage account recommended by