Carlos Legaspy: Did His Negligence Lead to a $1.5 Million Losses?

Carlos Legaspy (CRD #: 2148751), a broker registered with Insight Securities, is facing allegations that he failed to perform his due diligence, according to his BrokerCheck record, accessed on June 1, 2021. This is Legaspy’s third investor dispute – you can read more about his conduct as a broker below. On March 21, 2021, investors…

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Daryl deVillier: Massachusetts Ordered Three Years of Heightened Supervision

Daryl deVillier (CRD #: 4069344), a broker registered with Ameriprise Financial Services, has faced an order of heightened supervision from the Massachusetts Securities Division. This is according to his BrokerCheck record, accessed on June 1, 2021. He has also faced multiple investor disputes. On July 23, 2018, the Massachusetts Securities Division sanctioned Daryl deVillier following…

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Kristine Hartland and Robert Hartland: Investors Allege They Recommended Risky, Alternative Investments

Kristine Hartland (CRD #: 2101877) and Robert Hartland (CRD #: 2253564), both brokers registered with Ameriprise Financial in Sun City Center, Florida, are facing an investor dispute. This is according to their BrokerCheck records, accessed on June 3, 2021. On April 13, 2021, investors alleged that husband-and-wife financial advisors Kristine and Robert Hartland recommended unsuitable,…

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Wilson Saville: Investor Alleges Failure to Supervise Led to $1.6 Million Loss

Wilson Saville (CRD #: 1406756), a broker registered with Barrett & Company, is involved in allegations that he failed to supervise, according to his BrokerCheck record, accessed on May 21, 2021. This is not the only allegation on his record. On April 12, 2021, investors alleged that Wilson Saville failed to supervise registered representatives. The…

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Bill Dixon: Barred By FINRA Following Allegations That He Used Non-Genuine Investor Signatures

Bill Dixon (CRD #: 68881), a former broker and investment adviser, was barred by FINRA following allegations that he used non-genuine investor signatures, according to his BrokerCheck record, accessed on May 24, 2021. He was most recently registered with Southeast Investments, in Charlotte, North Carolina. To understand the FINRA bar, we should first examine the…

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Ryan Fleming of Royal Alliance Associates Involved in Two Allegations of Unsuitable Recommendations

Ryan Fleming (CRD #: 4378425), a broker registered with Royal Alliance Associates in Bellevue, Washington, is involved in two investor disputes, according to his BrokerCheck record, accessed on May 26, 2021. Unsuitable Investment Recommendations Both disputes mention unsuitable investment recommendations. “Suitability” refers to the FINRA requirement that investors must only recommend securities that fit their…

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David Melilli Under Investigation By FINRA Following Multiple Allegations of Misconduct

David Melilli (CRD # 5254172), an investment advisor registered with Capstone Financial, is the subject of a FINRA investigation following multiple allegations, according to his Investment Adviser Public Disclosure record, accessed on May 27, 2021. There are also several investor disputes on his record. On April 1, 2021, FINRA initiated an investigation. The description of…

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Edward Fernberger Allegedly Over-Concentrated Investor’s Portfolio in Master Limited Partnerships

Edward Fernberger (CRD #: 206743), a broker registered with Raymond James & Associates, Inc., is involved in a six-figure investor dispute, according to his BrokerCheck record, accessed on May 21, 2021. If you have concerns regarding Fernberger’s conduct as a broker, keep reading. On April 12, 2021, a deceased investor’s trustee alleged that Edward Fernberger…

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Danny Young is Involved in Allegations of Unsuitable, High-Fee Investments

Danny Young (CRD #: 4115155), a broker registered with Voya Financial Advisors, is involved in a dispute involving high-fee investments, according to his BrokerCheck record, accessed on May 24, 2021. Details are provided below. On April 12, 2021, investors alleged that Danny Young sold them risky, high-fee investments. They further alleged that these investments were…

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