Eric Diamond, a broker and investment advisor at FIDELITY BROKERAGE SERVICES LLC (CRD 7784), is facing a serious customer dispute alleging a failure to disclose potential principal loss in fixed income mutual funds and unsuitability of investments. The institutional customer, an SEC-registered public company, filed the complaint on August 21, 2023, seeking damages of $25,000,000. […]
In a recent development, a serious allegation has been brought against Stephen Smith, a financial advisor at Wells Fargo Clearing Services, LLC. The customer dispute, filed on August 21, 2023, and currently pending, accuses Smith of violating his duties by failing to prevent unauthorized trades in the account of an elderly client with declining health.
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Fidelity Brokerage Services LLC and its representative, Kelly Johnston, are currently facing a serious customer dispute alleging a failure to disclose the potential for principal loss in fixed income mutual funds and the unsuitability of these investments for the institutional customer, an SEC-registered public company. The pending dispute, filed on August 21, 2023, involves a
In a recent development that has sent shockwaves through the financial industry, a serious allegation has been brought against Garth Lurvey, a broker and investment advisor associated with LPL Financial LLC and Private Client Services, LLC. According to the pending customer dispute filed on August 21, 2023, the customer alleges that during the period from
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Meet Jeffrey Slothower, the founder of Battery Private, a New York investment firm. He got into big trouble for tricking investors out of more than $1 million. Slothower promised a couple from California that he could make their money grow without any risk but ended up spending it on fancy things and his own debts
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