Financial Advisor Fraud

In a recent development, a customer dispute has been filed against Celia Scott, a broker and investment advisor associated with LPL Financial LLC (CRD 6413) in Texas. The complaint, dated February 5, 2024, alleges misrepresentation of an annuity income benefit. The customer’s claim for damages was denied by the firm, stating that the complaint was […]

Lacey Neuman, a broker associated with NYLife Securities LLC, is currently facing allegations of misconduct related to the recommendation of replacing a client’s surrender charge-free variable annuity with two fixed annuities in May 2023. The customer alleges that this recommendation resulted in a new surrender charge schedule and additional fees. Customer seeks rescission and restoration

Dan Droeg, a former broker and investment advisor with United Planners’ Financial Services of America, is currently facing allegations of misappropriating client funds. The alleged activity occurred between July 2009 and April 2016, according to a pending customer dispute filed on February 6, 2024. The case involves variable annuity products and is currently under investigation

Jack Thacker, a broker and investment advisor associated with Realta Equities, Inc. (CRD 23769), is currently facing allegations of unsuitable investments in a pending customer dispute filed on February 6, 2024. The claimant alleges that Thacker made inappropriate investment recommendations, specifically in alternative investments, resulting in substantial financial losses. The exact amount of damages requested