FS KKR Capital Corp II (NYSE: FSK) is a collection of business development companies (BDCs) that provided capital for privately traded companies. Private placements always present a high degree of risk for investors, but investors may not have realized just how risky and illiquid their investment was before the recent economic downturn. After FS KKR…

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Jeff Leach (CRD #: 3231849), a broker registered with Morgan Stanley, is facing multiple investor disputes, according to his BrokerCheck record, accessed on April 5, 2021. Jeff Leach also offers financial advisory services through The Leach Group. On January 28, 2021, an investor alleged that Jeff Leach misrepresented certain alternative investments. Alternative investments are inherently…

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Michael Androulakis (CRD #: 2793638), a broker registered with Alexander Capital, is involved in allegations of negligence, according to his BrokerCheck record, accessed on April 6, 2021. There are five other disclosures on his record – keep reading for more information regarding Androulakis’s conduct as a broker. On January 25, 2021, an investor alleged that…

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David Huisinga (CRD #: 4499347), a broker registered with LPL Financial, is involved in a six-figure dispute, according to his BrokerCheck record, accessed on April 6, 2021. Huisinga also offers financial advisory services through Huntington Beach Team and Trilogy Financial. On January 20, 2021, an investor alleged that David Huisinga recommended unsuitable alternative investments as…

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Peter Steege (CRD #: 1060713), a broker registered with Western International Securities, is involved in four pending disputes regarding unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 6, 2021. He has an unusually high number of disclosures – so far, he has racked up 21. Only a small percentage of brokers have…

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Willard Pugh (CRD #: 1757428), a broker registered with National Securities Corporation, is facing three investor disputes, according to his BrokerCheck record, accessed on April 7, 2021. All three of the disputes involve allegations of unsuitability. What Does Unsuitability Mean? “Suitability” refers to the FINRA requirement that brokers only recommend investments that fit their investors’…

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Jared Roskelley (CRD #: 3139812), a broker registered with Raymond James Financial Services, is involved in a dispute regarding unsuitable REIT investments, according to his BrokerCheck record, accessed on March 26, 2021. Roskelley also offers advisory services through Jackson/Roskelley Wealth Advisors. On February 19, 2021, an investor alleged that Jared Roskelley recommended unsuitable REIT investments…

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Kirk Knollman (CRD #: 2089445), a formerly registered broker and investment adviser, has been fired from Cetera Advisor Networks, according to his BrokerCheck record, accessed on March 29, 2021. Details of the employer’s allegations are provided below. On February 16, 2021, Cetera Advisor Networks fired Kirk Knollman following allegations that he violated the firm’s policies…

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William May (CRD #: 1254424), an Alpharetta, Georgia broker registered with Morgan Stanley, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 29, 2021. May also offers advisory services through The May Group. On February 18, 2021, an investor alleged that William May failed to follow instructions with respect to…

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