Financial Advisor Fraud

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

Cynthia Giovacchino, a broker and investment advisor with SAIC Institutions, Inc., is currently facing allegations of misrepresenting structured barrier notes to a customer. The customer dispute, filed on January 30, 2024, is pending resolution and involves alternative investments and structured products. According to the disclosure on Giovacchino’s FINRA BrokerCheck profile, the customer alleges that Giovacchino

Roman Sazonov, a financial advisor associated with Raymond James & Associates, Inc., is currently under investigation by Haselkorn & Thibaut, a national investment fraud law firm, following allegations of misconduct and mismanagement of client funds. The firm, with offices in Florida, New York, North Carolina, Arizona, and Texas, is offering free consultations to clients who