Financial Advisor Fraud

In a recent development, customers have alleged that they were misled and inadequately educated when purchasing a variable universal life insurance policy from Douglas Farris, a broker associated with NYLife Securities LLC (CRD 5167). The incident, which occurred in October 2012, has resulted in the customers requesting reimbursement of all premiums paid since the policy’s […]

In a recent development, Robert Earls, a former financial advisor associated with LPL Financial LLC (CRD 6413), has been accused of misappropriating client funds from 2015 through 2024. The customer dispute, filed on February 7, 2024, is currently pending resolution. Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York,

John Woo, a broker and investment advisor associated with Transamerica Financial Advisors, Inc. (CRD 16164) in California, is facing a pending customer dispute filed on February 7, 2024. The claimant alleges that Woo failed to assist the client and her deceased spouse with making premium payments, resulting in the lapse of their variable universal life

Alexis Crespo Perez, a broker and investment advisor associated with Oriental Financial Services LLC, is facing serious allegations from senior investors who claim to have lost their lifetime savings due to unsuitable investment recommendations, overconcentration, and misrepresentations made by the advisor. The case, filed on February 7, 2024, is currently pending resolution, with the claimants