Financial Advisor Fraud

Tammie Farrell, a broker and investment advisor with Capital Investment Group, Inc., is facing serious allegations from a client who purchased GWG Holdings, Inc. L-Bonds on multiple occasions in 2019. The client, referred to as [REDACTED], filed a complaint against Farrell after GWG Holdings filed for Chapter 11 bankruptcy on April 20, 2022. The allegations […]

LPL Financial LLC and financial advisor Douglas Johnson are facing a serious customer dispute allegation, according to the advisor’s FINRA BrokerCheck record. The complaint, filed on March 26, 2024, and currently pending resolution, alleges that Johnson failed to advise the customer that a recommended annuity would rebalance to a more conservative strategy over time, resulting

Anselmo Contreras, a former broker and investment advisor at IFS Securities, faces serious allegations of investment fraud and misconduct. The pending customer dispute, filed on March 26, 2024, alleges that Contreras made investment recommendations to generate high commissions and fees, depriving clients of the ability to generate reasonable returns through a diversified portfolio. The allegations

Moloney Securities Co., Inc. (CRD# 38535) and former broker Lorraine Gallette (CRD# 6192487) are facing serious allegations of unsuitable investments, according to a pending customer dispute filed on March 27, 2024. The complaint, which involves alternative investments, has raised concerns among investors and industry experts alike. Investment fraud and bad advice from financial advisors can

In a recent development that has sent shockwaves through the investment community, Ray Gallette, a former broker at Coastal Equities, Inc., is facing serious allegations of unsuitable investments. The case, which is currently pending, has raised concerns among investors about the potential impact on their portfolios and the integrity of the financial advisory industry as