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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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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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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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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Shawn Burke Involved in Dispute Regarding Alleged Mismanagement of Unit Investment Trusts (UITs)

Shawn Burke (CRD #: 2615449), a broker registered with Morgan Stanley, is involved in an investor dispute regarding Unit Investment Trusts (UITs), according to his BrokerCheck record, accessed on May 25, 2021. This is Burke’s third investor dispute. On April 7, 2021, an investor alleged that Shawn Burke over-weighted UITs, meaning that he allegedly represented…

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Mark Rothstein: Investors Allege Losses Stemmed from Non-Traded REITS

Mark Rothstein (CRD #: 1084659), a broker registered with Independent Financial Group, is involved in a dispute regarding an unsuitable variable annuity. This is according to his BrokerCheck record, accessed on May 26, 2021. Rothstein has other investor disputes involving variable annuities on his record. On April 6, 2021, an investor alleged that Mark Rothstein…

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Andrew Melikidse: Did He Recommend an Unsuitable, Risky REIT?

Andrew Melikidse (CRD #: 2353534), an investor registered with Sagepoint Financial, is involved in a dispute regarding a Real Estate Investment Trust (REIT), according to his BrokerCheck record, accessed on May 26, 2021. On April 1, 2021, an investor alleged that Andrew Melikidse recommended an unsuitable REIT and a Business Development Company (BDC). Both of…

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