Articles Posted in Alternative Investment

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Currently financial advisor Kevin Shields (Shields), currently employed by brokerage firm Foreside Fund Services, LLC 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 $450,000.00 on April 28, 2025.

Alleged misleading facts/statements regarding client’s investment in non-traded REIT as well as breach of fiduciary duty. Neither Kevin Shields nor Griffin Capital Securities, LLC, its employees or affiliates make recommendations to end investors and have no record of [REDACTED] investing in the named investment. Griffin Capital Securities, LLC and Kevin Shields believe they were named erroneously in the suit.

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Previously financial advisor H Roggen (Roggen), previously employed by brokerage firm Raymond James Financial Services, 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 on May 14, 2025.

Client alleges FA recommended 2 unsuitable private placement investments and improperly enticed him to make those investments. Allegation Activity dates: March 25, 2021 – March 24, 2025.

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Currently financial advisor Scott Roslonowski (Roslonowski), currently employed by brokerage firm Ameriprise Financial Services, LLC 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 $200,000.00 on July 19, 2023.

The Claimants allege their advisor recommended unsuitable investments including variable annuities, variable universal life insurance and REITs.

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Previously financial advisor Patricia Pick (Pick), previously employed by brokerage firm Hightower Securities, LLC 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 $200,000.00 on July 25, 2023.

Patricia Pick is involved with a FINRA arbitration claim brought by her former customer alleging certain sales practices violations, including customer suitability claims, negligence claims, breach of contract and fiduciary duty, and supervisory deficiencies relating to the customer’s investments in private placement products in October 2015 and January 2017 (while Ms. Pick was employed by the reporting firm).

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Previously financial advisor Robert Lorente (Lorente), previously employed by brokerage firm Aurora Securities 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 $250,000.00 on October 20, 2023.

Alleged lack of suitability on three (3) REITs purchased in 2019 (February through April). Various claims alleging negligence, misrepresentation/omission, common law fraud, breach of contract and fiduciary duty.

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Previously financial advisor Elizabeth Engle (Engle), previously employed by brokerage firm Purshe Kaplan Sterling Investments 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 $45,000.00 on November 03, 2023.

Client alleges unsuitable recommendations by the rep as well as breach of fiduciary duty and negligence in the sale of Cole Office and Industrial REITs.

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Currently financial advisor Kathryn Hackney (Hackney), currently employed by brokerage firm LPL Financial LLC 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 final customer complaint with a damage request of $150,000.00 on November 14, 2023.

Claimant alleges representative made an unsuitable recommendation to purchase REITs in 2016.

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Previously financial advisor Adam Nugent (Nugent), previously employed by brokerage firm Purshe Kaplan Sterling Investments 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 on November 30, 2023.

Clients allege unsuitable investment and negligence amongst other charges as a result of Mr. Nugent’s decision to invest their money into a private placement called Agronomic.

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Currently financial advisor Scott Sadar (Sadar), currently employed by brokerage firm Pacific Select Distributors, LLC has been subject to at least 2 disclosable events. These events include 2 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 settled customer complaint with a damage request of $610,000.00 on December 11, 2023.

Alleged unsuitable recommendation to purchase iCap Equity private placement. iCap Equities filed for bankruptcy on 9/29/2023.

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Currently financial advisor Jeffrey Glazer (Glazer), currently employed by brokerage firm A.g.p. / Alliance Global Partners 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 $500,000.00 on December 12, 2023.

Client alleges he was invetsed in usnsuaitable private placements and charged excessive commisions.

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