Financial Advisor Fraud

In a recent development, a serious allegation has been brought against Gary Costello, a broker and investment advisor associated with TRUIST INVESTMENT SERVICES, INC. and AEGIS CAPITAL CORP. (CRD 15007). The client has alleged that Gary Costello engaged in unauthorized trading within their accounts in 2023, raising concerns about the advisor’s conduct and the potential […]

In a troubling case of alleged financial misconduct, Brian Simms, a financial advisor based in Carmel, Indiana, is facing serious accusations of misappropriating and losing over $1.3 million of his clients’ money. The allegations have led to multiple civil lawsuits against Simms, casting a shadow over his professional reputation and raising concerns among investors. Lawsuits

In a recent development, a customer has alleged that Todd Seesman, a broker associated with ALLSTATE FINANCIAL SERVICES, LLC (CRD 18272), misrepresented a variable annuity investment. The customer claims that Seesman failed to disclose that dividends are not included in the pricing and performance of the investment’s subaccount. This serious allegation, if proven true, could

The recent allegations against Seth Nannini, a broker with Capital Investment Group, Inc. (CRD 14752), underscore the gravity of the situation and its potential impact on investors. According to the pending customer dispute filed on March 29, 2024, two clients, Ms. [Redacted] and Ms. [Redacted], purchased $17,000 and $35,000 of GWG Holdings, Inc. L-Bonds in

Michael Gibson, a financial advisor with FIDELITY BROKERAGE SERVICES LLC, faces a serious customer dispute allegation that could significantly impact investors. According to the disclosure detail, the plaintiff alleges that from 2006 through 2008, Gibson made unsuitable recommendations, which falls under the category of “Other: Miscellaneous.” The case, filed on March 29, 2024, is currently