Alternative Investment

There are Recent Customer Complaints with Broker William Gammon in Firm Centaurus Financial, Inc.

February 9, 2025 | by Staff Attorney

Previously financial advisor William Gammon (Gammon), previously employed by brokerage firm Centaurus Financial, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $450,000.00 on August 08, 2023.

Claimants allege that their former advisor recommended large, concentrated positions in high-risk, high-commission, and complex illiquid investment products and non-traded securities including various REITs, UITs and Closed-End Funds.

There are Recent Customer Complaints with Broker Deborah Anderson in Firm LPL Financial LLC

February 9, 2025 | by Staff Attorney

Previously financial advisor Deborah Anderson (Anderson), previously employed by brokerage firm LPL Financial LLC has been subject to at least 4 disclosable events. These events include 4 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint on February 28, 2024.

The customers allege that the Registered Representative recommended unsuitable investments and investment strategies in various illiquid alternative investments. No specific dates for the alleged activity were identified in the Statement of Claim.

Broker Benjamin Fuchs in Silver Oak Securities, Incorporated Firm Has Customer Complaint

February 8, 2025 | by Staff Attorney

Previously financial advisor Benjamin Fuchs (Fuchs), previously employed by brokerage firm Silver Oak Securities, Incorporated has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on November 02, 2023.

Claimant states, “The nature of the investment products, the concentration issue, the unsuitability, heighted supervision required, and the risks associated with the illiquidity, lack of transparency, and high-commission product – disguised and misrepresented as a suitable investment strategy… But for their recommendations and negligent misrepresentations and omissions of material facts, Claimant would not have incurred the unnecessary losses and damages in this case.”

There are Recent Customer Complaints with Broker Garrick Gookin in Firm Centaurus Financial, Inc.

February 8, 2025 | by Staff Attorney

Currently financial advisor Garrick Gookin (Gookin), currently employed by brokerage firm Centaurus Financial, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on May 31, 2024.

The customer alleges that the Registered Representative recommended an unsuitable, high-risk, illiquid investment and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

Broker Brent Nelson in Stonex Securities Inc. Firm Has Customer Complaint

February 7, 2025 | by Staff Attorney

Currently financial advisor Brent Nelson (Nelson), currently employed by brokerage firm Stonex Securities Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $180,000.00 on August 21, 2024.

Claimant alleges respondent sold high-commission, complex, risky alternative investment and illiquid investment products causing significant decrease in the value of invested principal.