Financial Advisor Fraud

Alexander Capital, L.P. and broker Joel Smith are currently facing serious allegations of suitability, unauthorized trading, breach of fiduciary duty, and failure to supervise. According to the recent FINRA disclosure, the alleged activity took place between 2015 and 2018, involving equity and OTC equity listed products. As a result, investors who have worked with Alexander […]

James Raia, a broker with Moloney Securities Co., Inc., is facing a serious customer dispute allegation that could have significant implications for investors. The complaint, filed on March 12, 2024, alleges suitability and negligence issues related to Raia’s handling of client investments in debt and corporate products between 2018 and 2021. The damage amount requested

Matthew Norton, a broker and investment advisor with McDonald Partners LLC (CRD 135414), is facing serious allegations from a client who claims that Norton recommended an unsuitable investment in corporate bonds and failed to conduct proper due diligence before making the offering. The claimant also alleges that Norton did not accurately disclose all material facts

Patrick Heller, a broker and investment advisor with Citizens Securities, Inc., is currently under investigation by Haselkorn & Thibaut, a national investment fraud law firm, following a serious customer dispute allegation. The case, which was filed on March 12, 2024, and closed with no action, has raised concerns among investors about the potential for financial

In a recent development, a serious allegation has been made against Gilbert Kuta, a broker and investment advisor associated with AEGIS CAPITAL CORP. (CRD 15007) in Maryland. The complaint, filed by a client’s Power of Attorney (POA), alleges that Kuta engaged in excessive and unsuitable trading, resulting in poor performance of the client’s investments between