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Former financial advisor Richard Demetriou is currently involved in a legal dispute with a customer who alleges that Demetriou overconcentrated the customer’s portfolio in Real Estate Investment Trusts (REITs). Last year, Demetriou was sanctioned by the Financial Industry Regulatory Authority based on the regulator’s findings that Demetriou “made false or misleading misrepresentations…
At least three former customers of financial advisor Brian Kennedy (Camp Hill, Pennsylvania) have filed complaints alleging that Kennedy recommended unsuitable oil and gas investments. Kennedy made the recommendations at issue while he was associated with the brokerage firm Lincoln Financial Advisors. Since leaving Lincoln, Kennedy has spent time with Concourse Financial Group…
Over the last two years, multiple customers of former financial advisor Amanda Berry (Oklahoma City, OK) have filed complaints alleging that they wrote checks to Berry with the belief that the money was to be invested, but later learned, the money was deposited into a checking account controlled by Berry. Several of…
At least two former customers of financial advisor Gregory McCloskey of Newport Beach, California have filed complaints alleging that McCloskey recommended unsuitable securities and misrepresented material facts. At least one of the customers was invested in GWG L Bonds. The issuer of the bonds, GWG Holdings, filed for bankruptcy protection on…