Financial Advisor Fraud

Billy Aycock, a broker and investment advisor associated with Cabin Securities, Inc., is currently facing allegations of breach of fiduciary duty, negligence, negligent supervision, fraud, breach of contract, and violations of SEC rules and Arizona securities laws. The allegations stem from the sale of GWG L Bonds in February 2023 and NorthStar Healthcare REIT in […]

Investment fraud and bad advice from financial advisors can have devastating consequences for investors. According to a report by Bloomberg, investment fraud cost Americans $1.6 billion in 2020 alone. Damon Mapes, a broker and investment advisor at LPL Financial LLC, is currently under investigation by Haselkorn & Thibaut, a national investment fraud law firm, following

Joseph O’Shea, a broker associated with Spartan Capital Securities, LLC, is facing allegations of excessive trading and commissions from July 2023 through February 2024. The customer dispute, which was recently closed with no action taken, has raised concerns among investors about the potential for financial advisor malpractice. According to the disclosure on O’Shea’s FINRA BrokerCheck

Ricardo Uliambre, a former Financial Advisor at UBS Financial Services Inc., is currently facing allegations of misappropriating client funds. According to a pending customer dispute filed on February 5, 2024, a client alleges that she loaned Uliambre $25,000 four years ago and has not recovered her money. The alleged misconduct occurred between March 4, 2019,

Brian Maners, a registered representative with OSAIC Institutions, Inc., is currently facing allegations of representative error on paperwork, causing a delay in transferring assets and subjecting his client’s accounts to market losses. The customer dispute, filed on February 5, 2024, is currently pending resolution and involves fixed annuities and mutual funds. According to the disclosure