Financial Advisor Fraud Archives – Page 400 Of 413

TCFG Wealth Management Advisor Charged By SEC – Investor Investigation

The SEC alleges Laguna Niguel, California-based TCFG Investment Advisors, LLC, TCFG affiliate broker-dealer TCFG Wealth Management, LLC, (TCFG Wealth) and Richard James Roberts – its president, CEO, and member of management – with making materially false and misleading statements and omissions related to ICT advisory client fee markings. An SEC complaint was filed at the […]

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Edward Jones Advisor Ethan Binnion Suspended

Ethan Binnion is currently not a registered representative of any broker-dealer but was associated with Waddell and Reed. This was after he had been discharged from his previous firm, Edward Jones, on account of “using money from his Business Expense Plan (BEP) … in violation of the terms of the plan,” as per FINRA (Financial

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SCF Securities Advisor Todd Petersen Complaints

With a history dating back to 1984, Todd Petersen is a veteran of the securities industry. However, it is his recent history, with eight customer disputes logged on his BrokerCheck Record in 2020, that is attracting attention, for the wrong reasons. He was discharged by SCF Securities, Inc. with whom he was a registered representative

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Joseph Stone Capital Financial Advisor Eugene McAdams Barred

According to the Financial Industry Regulatory Authority (FINRA), Eugene Arthur McAdams (C.R.D. #: 419021), a broker with Joseph Stone Capital, has reportedly been barred from working in the securities industry. FIRNA claims they barred McAdams after he purportedly refused to provide on-the-record testimony as requested by the regulator. FIRNA is investigating the suitability of the

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NYLIFE Securities Advisor Felix Chu - Ponzi Scam

NYLIFE Securities Advisor Felix Chu Accused In A $5 Million Ponzi Scam

NYLIFE Securities listed representative, Felix Chu, is facing allegations of defrauding two customers, where the plaintiffs are asking for $5,230,000 in restitution. The Financial Industry Regulatory Authority (FINRA) has barred Felix last year. The regulator presented claims against Felix for defrauding investors, including senior citizens, by operating a Ponzi scheme around promissory notes. According to

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