Financial Advisor Fraud

Michael Nielson, a broker and investment advisor associated with IFP SECURITIES, LLC (CRD 297287), is facing a serious customer dispute filed on August 17, 2023. The client alleges that Nielson improperly recommended a high-risk, high-commission illiquid alternative investment in GWG Holdings, Inc., misrepresenting the investment’s suitability for their financial situation, needs, investment objectives, and risk […]

Joseph Michael Todd, a former broker and investment advisor associated with Centaurus Financial, Inc. (CRD 30833) from August 2016 to July 2022, has been permanently barred by the Securities and Exchange Commission (SEC) from the securities industry. The SEC’s action against Todd stems from allegations of serious misconduct, including misappropriation of investor funds, false statements,

Madison Avenue Securities, LLC, and its broker Lamont Chandler are currently facing a serious allegation of unsuitable recommendation of alternative investments. The case, which was recently settled on August 17, 2023, resulted in a payment of $12,500 to the customer, who had initially claimed damages of $55,000. This allegation raises significant concerns for investors who

Rainer Hohlbein, a former broker with LPL Financial, is currently under investigation following complaints from investors alleging misconduct. The severity of these allegations has raised concerns among the investment community, prompting a closer look at Hohlbein’s history and the potential impact on his clients. Investor Complaints and Settled Disputes According to Hohlbein’s BrokerCheck record, he

Robert Russel Tweed, also known as Rusty Tweed, of San Marino, California, has been barred by the Securities and Exchange Commission (SEC) from practicing as a stockbroker and investment adviser representative due to misleading investors of the Athenian Fund. The allegations against Tweed are severe, with the SEC complaint charging him with obtaining over $1.7