Alternative Investment

There are Recent Customer Complaints with Broker Bruce Hartzmark in Firm Oppenheimer & CO. INC.

May 8, 2025 | by Staff Attorney

Currently financial advisor Bruce Hartzmark (Hartzmark), currently employed by brokerage firm Oppenheimer & CO. 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 $500,000.00 on April 26, 2024.

Claimants allege they suffered losses in a private placement investment and allege claims for negligence, breach of fiduciary duty, breach of contract, and violations of state securities laws. From 7/2018 – 3/2024

There are Recent Customer Complaints with Broker Kevin Mccallum in Firm LPL Financial LLC

May 3, 2025 | by Staff Attorney

Previously financial advisor Kevin Mccallum (Mccallum), previously employed by brokerage firm LPL Financial LLC has been subject to at least 2 disclosable events. These events include one customer complaint, one regulatory event. 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 on May 17, 2024.

Mccallum violated Commission Rule 830-X-3.12 when he overconcentrated clients’ accounts in the BDC when it was not suitable for the clients.

Broker William Campbell in Osaic Institutions, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

Currently financial advisor William Campbell (Campbell), currently employed by brokerage firm Osaic Institutions, 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 $39,000.00 on June 07, 2024.

The sale of a public non-traded REIT was unsuitable and the firm failed to conduct due diligence.

Broker Ronald Appler in Independent Financial Group, LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

Currently financial advisor Ronald Appler (Appler), currently employed by brokerage firm Independent Financial Group, 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 $300,000.00 on June 07, 2024.

Clients allege that Financial Professional misrepresented investments in BDCs and REITs and that the investments were unsuitable.

Broker Scott Broadbent in Raymond James Financial Services, INC. Firm Has Customer Complaint

April 29, 2025 | by Staff Attorney

Previously financial advisor Scott Broadbent (Broadbent), 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 June 12, 2024.

Clients allege that a recommendation of a non-traded REIT was unsuitable for them.

Broker Vincent Bailey in Berthel, Fisher & Company Financial Services, INC. Firm Has Customer Complaint

April 24, 2025 | by Staff Attorney

Previously financial advisor Vincent Bailey (Bailey), previously employed by brokerage firm Berthel, Fisher & Company 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 with a damage request of $235,000.00 on July 02, 2024.

The claimants allege that the Firm and representative failed to make a suitable recommendation and over-concentrated claimants’ accounts in alternative investments and private placements from 2009 to 2019. Claimants further allege that the Firm and representative misrepresented the investments and induced the clients to retain the investment causing the clients to suffer a loss.

There are Recent Customer Complaints with Broker Robert Crothers in Firm Osaic Wealth, INC.

April 22, 2025 | by Staff Attorney

Currently financial advisor Robert Crothers (Crothers), currently employed by brokerage firm Osaic Wealth, 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 $5,000.00 on July 19, 2024.

Recommended or purported “high risk private placement” is alleged to be unsyitable.

Broker Shaw Elashmawy in Maxim Group LLC Firm Has Customer Complaint

April 21, 2025 | by Staff Attorney

Currently financial advisor Shaw Elashmawy (Elashmawy), currently employed by brokerage firm Maxim Group 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 $300,000.00 on July 23, 2024.

The statement of claim brought on behalf of six separate claimants alleges unsuitable recommendations, misrepresentation and breach of fiduciary duty in connection with the purchase of a private placement. Mr Elashmawy was not the registered representative for each of the six separate claimants. The statement of claim alleges over $300,000 in compensatory damages.

There are Recent Customer Complaints with Broker Joanna Wang in Firm LPL Enterprise, LLC

April 12, 2025 | by Staff Attorney

Currently financial advisor Joanna Wang (Wang), currently employed by brokerage firm LPL Enterprise, 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 $495,000.00 on March 10, 2025.

Alleges between April 2013 and June 2015, rep engaged in misleading and fraudulent communications; unsuitable investment recommendation; unauthorized\, solicitation and selling away; failure to supervise and record keeping violations; undisclosed compensation and conflicts of interest; violations related to non-traded REIT sales.

Broker Brian Gardiner in Vanderbilt Securities, LLC Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

Currently financial advisor Brian Gardiner (Gardiner), currently employed by brokerage firm Vanderbilt 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 pending customer complaint with a damage request of $210,000.00 on March 19, 2025.

Claimaints allege violations of Common Law fraud, breach of fiduciary duty, negligent failure to supervise, negligence, regarding investments made in private placement offerings for First Capital, Hospitality Investors Trust and Cole Capital during 2017 to 2018.