Financial Advisor Fraud

A serious allegation has recently been made against Eugene Thompson, a broker and investment advisor associated with Capital Investment Group, Inc. (CRD 14752) in North Carolina. The complaint, filed on February 29, 2024, alleges breach of fiduciary duty, fraudulent misrepresentation, unfair or deceptive trade practices, violations of the NC Securities Act, and constructive fraud related […]

In a recent development that has sent shockwaves through the investment community, Eugene Thompson, a broker associated with Capital Investment Group, Inc., has been named in a serious customer dispute alleging breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, failure to supervise, and violation of Regulation Best Interest. The complaint is linked to

Overconcentration of Fisker stock in LPL portfolios has raised alarms. This issue occurs when a single stock takes up too much space in an investor’s account. For LPL Financial advisors, this problem has led to legal troubles. On October 16, 2024, investors filed claims against them. These claims point out the risks of putting too

In a recent development, a serious allegation has been brought against Chuck Roberts, a broker and investment advisor associated with Stifel, Nicolaus & Company, Incorporated (CRD 793). The customer dispute, filed on February 29, 2024, and currently pending resolution, accuses Roberts of breach of fiduciary duty, negligence, fraud, breach of contract, and violation of the

In a recent development, a serious allegation has been made against Kyle Mostransky, a broker associated with NYLIFE SECURITIES LLC (CRD 5167) in New York. The customer dispute, filed on March 1, 2024, and currently pending resolution, alleges that Mostransky failed to inform the client about surrender charges when the client requested distributions from a