Financial Advisor Fraud

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. […]

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

Farid Farhoumand, a financial advisor associated with H. BECK, INC. and Next Financial Group, INC. (CRD 46214), is facing a serious customer dispute alleging misrepresentation of risks and unsuitable investment recommendations. The clients claim that between July 14 and September 12, 2014, Farhoumand misrepresented the risks associated with two business development companies (BDCs) and that