Securities Lawyers Blog

Broker James Cox in Newbridge Securities Corporation Firm Has Customer Complaint

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Cox (Cox), currently associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Cox recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $250,295.17 on July 17, 2025.

COMPLAINANT ALLEGES REP MADE NEGLIGENT MISREPRESENTATIONS AND BREACHED FIDUCIARY DUTIES IN THE SALE OF CDS.

Broker Eddie Williams in Lifemark Securities Corp. Firm Has Customer Complaint

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eddie Williams (Williams), currently associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Williams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $50,000.00 on July 28, 2025.

Allegations pertain to an investment in an alternative product intended to be a small component of a larger diversified portfolio. Investments were purchased from 04/2016 to 03/2017. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, allegations include breach of fiduciary duty, unsuitable recommendation, failure to supervise, and negligence. LifeMark believes these to be suitable and appropriate transactions given the information available at the time of the transaction, concerning the investment product as well as the client’s financials, risk tolerance and objectives as represented by the client.

Broker Christopher Larrabee in Benjamin F. Edwards & Company, INC. Firm Has Customer Complaint

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Larrabee (Larrabee), currently associated with Benjamin F. Edwards & Company, INC., has at least one disclosable event. These events include one customer complaint, alleging that Larrabee recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $750,000.00 on July 31, 2025.

Claimants allege conspiracy to allow withdrawals from accounts by their late stepmother and her authorized agents to a third party, circumvent family trust, defraud client, and prevent claimants from accessing accounts. (Time frame 2016-2019).

There are Recent Customer Complaints with Broker Clovis Morrison in Firm Centaurus Financial, INC.

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Clovis Morrison (Morrison), currently associated with Centaurus Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Morrison recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on July 15, 2025.

The customers allege that, the Registered Representative recommended and misrepresented unsuitable, high-risk, illiquid investments. No specific dates for the alleged activity were identified in the Statement of Claim.

There are Recent Customer Complaints with Broker Selwyn Miller in Firm Lincoln Investment

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Selwyn Miller (Miller), previously associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Miller recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 22, 2025.

The Statement of Claim, filed 1.5 years after the retirement of the Investment Professional, alleges improper and deceptive sales practices utilized by Respondents in the procurement, sale, approval, maintenance, and servicing of life insurance policies. The Claim further alleges that despite Claimant having no heirs, Claimant was sold eight life insurance policies by Respondent and that Respondent made misrepresentations and omissions in inducing Claimant to purchase the policies along with ongoing negligent maintenance of the policies, all of which caused Claimant to incur significant policy value reductions, excessive loan charges and other financial losses.

There are Recent Customer Complaints with Broker Greg Grajek in Firm UBS Financial Services INC.

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Greg Grajek (Grajek), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Grajek recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 29, 2025.

Statement of Claim filed on behalf of the client, who is the ex-wife of the FA, alleges, inter alia, that the ownership of joint accounts held at Morgan Stanley was converted by the FA to his name only and that funds were misappropriated from the accounts Dec 1989 – Dec 2008

There are Recent Customer Complaints with Broker William Kirke in Firm Berthel, Fisher & Company Financial Services, INC.

October 14, 2025 | by Staff Attorney

Previously financial advisor William Kirke (Kirke), 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 on July 29, 2025.

The claimant alleges that the Firm and representative failed to make a suitable recommendation and over-concentrated claimant’s account in an oil & gas private placement and other unspecified investments in 2015. The claimant further allege that the Firm and representative misrepresented the investments and induced the claimant to retain the investment and cause them to suffer a loss.

The Rise and Sudden Fall of Inspired Healthcare Capital – Investor Recovery

October 13, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are investigating consumer complaints concerning Inspired Healthcare Capital (IHC) – a private equity / alternative investment sponsor based in Arizona focused on senior housing, healthcare real estate, and senior living projects. Over recent years, IHC promoted a mix of private placements through Reg D offerings, real estate development vehicles, income funds, Delaware Statutory Trusts (DSTs) in the senior living space, income products tied to those assets. In July 2025, IHC abruptly suspended all new investment offerings and halted distributions to existing investors. The firm also shut down its internal operating arm, Volante Senior Living, and transferred many of its properties to third-party operators. These events came amid an ongoing SEC review. IHC disclosed in outreach letters to financial advisors that it was under regulatory scrutiny, and that it was working with an investment bank to evaluate “strategic alternatives.” The company’s disclosures did not specify the precise scope or nature of the SEC’s inquiry.

Industry reporting suggests that only 10 to 15 out of IHC’s 35 senior living properties were “performing well” at the time of the suspension, raising concerns about overextension, occupancy pressures, rising operating costs, labor challenges, and misallocation of capital. Red flags concerns in this case include: (i) overly aggressive marketing to retail investors, (ii) poor liquidity, (iii) overconcentration, (iv) lack of transparency, and (v) reliance on distribution payments that may have outpaced asset performance. Given these developments our firm encourages investors to reach out to explore their legal rights and potential recovery options.

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation. At Gana Weinstein LLP, our attorneys are experienced representing investors who have suffered securities losses due to the mishandling of their accounts. Claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.

Below is a compilation of the funds, income vehicles, DSTs, and related offerings that have been publicly linked to IHC.

Primary & Income / Liquidity Funds

Investors in Jefferies’ Point Bonita Capital Deserve Answers After the First Brands Collapse

October 13, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims related to investor losses surrounding the First Brands Group bankruptcy. First Brands is an automotive-parts conglomerate behind brands like Raybestos, Trico, and Champion filters that filed for Chapter 11 in September 2025. The resulting losses have rippled through Wall Street’s private-credit ecosystem with the fallout has reaching investors including participants in Jefferies Financial Group’s Point Bonita Capital Fund, a fund marketed as a low-volatility trade-finance vehicle. For affected investors, this is more than a disappointing performance report. It raises urgent questions about how Jefferies managed risk, disclosed conflicts, and monitored the integrity of the assets it financed. Our firm is actively investigating these issues and evaluating potential claims.

Court filings show First Brands entered Chapter 11 in the Southern District of Texas listing liabilities exceeding $10 billion and, in some reports, as high as $11.6 billion. The company’s collapse followed months of liquidity stress tied to its supply-chain-finance programs — facilities through which lenders and funds advanced cash against customer receivables. Those programs were supposed to be straightforward: short-term, self-liquidating loans secured by invoices from reputable buyers. Instead, allegations in the news have emerged of duplicate pledging of receivables, overstated collateral, and missing documentation. At least a dozen institutional creditors have surfaced, with roughly $866 million in disputed trade-finance claims. The Justice Department has reportedly opened an inquiry into potential fraud or misrepresentation.

Among the largest creditors is Point Bonita Capital, managed by Leucadia Asset Management, the alternative-asset division of Jefferies Financial Group Inc. In public disclosures, Jefferies confirmed that Point Bonita held about $715 million in First Brands receivables — receivables that may now be severely impaired. Jefferies also acknowledged that several of its affiliated funds — including Apex Credit Partners CLOs — hold smaller amounts (around $48 million) of First Brands term loans. Although Jefferies emphasizes that its own balance-sheet stake in those receivables is roughly $43 million, the majority of the losses will fall on outside limited partners.

There are Recent Customer Complaints with Broker Brittany Halpern in Firm Purshe Kaplan Sterling Investments

October 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brittany Halpern (Halpern), currently associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Halpern recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $784,000.00 on August 06, 2025.

Clients allege advisors and Summit were negligent, made misrepresentations and omissions, and breached their fiduciary duties and contractual obligations by referring the clients to a third-party captive insurance company that allegedly committed fraud and lost the clients’ investment.