Financial Advisor Fraud

Uncovering Allegations: Timothy Van Dyken’s Unauthorized Trading Practices

In the financial advising sector, trust is paramount. But circumstances change when that trust is compromised. This narrative unravels with Edward Jones Broker Timothy Van Dyken and his unauthorized trading activities. The State of Washington Department of Financial Institutions Division has brought forward severe allegations against him. These accusations involve executing trades in a client’s […]

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Mark Vanderhagen and Purshe Kaplan Sterling Investments Face Serious Fraud Allegation

In a recent development that has sent shockwaves through the investment community, a serious allegation has been made against financial advisor Mark Vanderhagen and his former employer, Purshe Kaplan Sterling Investments. The client alleges that Vanderhagen misrepresented the liquidity of a private placement purchase, specifically related to Hatteras Funds, between March 16, 2010, and March

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Charles Schwab and Advisor Jason Young Hit with Misconduct Allegations

Charles Schwab & Co., Inc. and one of its former financial advisors, Jason Young, are facing serious allegations of misconduct related to options trading. The customer dispute, filed on March 6, 2024, and currently pending resolution, claims that Young and Charles Schwab engaged in a breach of fiduciary duty, negligence/gross negligence, negligent misrepresentation, intentional misrepresentations/omissions,

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Daniel Mullett from Key Investment Services LLC Under Fire for Alleged Poor Advice

Daniel Mullett, a broker and investment advisor with Key Investment Services LLC, is facing a serious allegation from a client who claims that Mullett provided poor advice in March 2021. The client alleges that Mullett recommended a 1035 exchange of a Great American Life Indexed Annuity into a Brighthouse Index Annuity valued at $119,019.13. This

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Raymond Advisor Michael Magruder Fired Over Alleged Loan Violation

Understanding financial advisors and their actions is crucial. Raymond’s Advisor, Michael Magruder, was fired over an alleged loan violation. This post will guide you through what happened and why it matters to you. Keep reading to learn more. Key Takeaways Michael Magruder was terminated from Raymond James for not disclosing a personal loan he received

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