Financial Advisor Fraud

In a recent development, a serious allegation has been brought against financial advisor Phillip Sutton and his employer, Raymond James FINANCIAL SERVICES, INC. (CRD 6694). According to the client’s complaint, Sutton allegedly placed unauthorized trades in her investment account between November 7, 2022, and May 18, 2023. The settlement amount for this dispute reached $37,280.94, […]

TRIAD ADVISORS LLC and financial advisor Mark Just are facing a serious customer dispute alleging the placement of unsuitable alternative investments, according to the advisor’s FINRA BrokerCheck report. The pending dispute, filed on August 22, 2023, involves high-risk, illiquid investments and seeks damages of $300,000. This allegation raises concerns for investors who have worked with

UBS Financial Services Inc. and Raymond Byers, a broker and investment advisor with the firm, are facing serious allegations from clients who claim they suffered significant losses due to unsuitability and misrepresentation in connection with a put options writing strategy. The alleged misconduct occurred between March 2020 and mid-2022, resulting in principal losses of $600,000.

In a recent development, a serious allegation has been brought forward against Kevin Kelly, a broker and investment advisor associated with Avantax Investment Services, Inc. (CRD 13686). The customer dispute, filed on August 22, 2023, and currently pending resolution, alleges that certain investments purchased by the customer were either unsuitable or unauthorized. The claim involves

In a recent regulatory action, the Florida Office of Financial Regulation has brought forth serious allegations against Lance Matthew Morrison, a broker and investment advisor associated with Money Concepts Capital Corp. The case, which was finalized on August 22, 2023, has significant implications for investors who have entrusted their financial well-being to Morrison and the