Financial Advisor Fraud

In a recent development, a serious allegation has been made against Lisa Broughton, a registered representative associated with PFS Investments Inc. (CRD 10111) in New Hampshire. The beneficiary of a PFSI customer account has filed a small claims lawsuit against Broughton, alleging that she embezzled $1,800 and negligently caused $20,000 in investment losses. This pending […]

This article summarizes publicly available regulatory information and customer dispute data concerning Richard Michael Wesselt (CRD# 2195569), a former registered representative who previously worked with Fortune Financial Services, Inc. (CRD# 42150) and The O.N. Equity Sales Company (ONESCO) in Pennsylvania. According to FINRA BrokerCheck, FINRA permanently barred Richard Wesselt from association with any FINRA member

In a recent development, a serious allegation has been leveled against Adriano Pisarri, a registered representative associated with Equitable Advisors, LLC (CRD 6627) in New York. The customer dispute, filed on March 13, 2024, and currently pending resolution, alleges that Pisarri made misrepresentations and unsuitable recommendations in connection with a Real Estate Investment Trust (REIT).

Richard Salinas, a broker and investment advisor with Avantax Investment Services, Inc. (CRD 13686) in Texas, is currently under investigation by Haselkorn & Thibaut following a serious customer dispute allegation. The complaint, filed on March 13, 2024, and subsequently settled, raises concerns about the suitability of a market-linked CD purchase recommended by Salinas. According to

Brent Fuchs, a financial advisor associated with Lincoln Financial Advisors Corporation, is currently facing a serious customer dispute allegation. According to FINRA BrokerCheck, the claimant alleges that Fuchs recommended unsuitable oil and gas investments, putting the investor’s financial well-being at risk. As the case remains pending, investors who have worked with Fuchs or invested in