Financial Advisor Complaints

Meridian Wealth Management and its former advisor, Thomas Sapio, have recently come under regulatory scrutiny following a decisive action by file a FINRA complaint. Sapio (CRD #: 1848346) received a 12-month suspension and was ordered to pay a $25,000 fine after allegations of unauthorized and excessive trading in client accounts. This regulatory action underscores the […]

Centaurus Financial, Inc. and financial advisor Don Everhart (CRD #: 2150508) have come under significant regulatory scrutiny following recent findings by the Financial Industry Regulatory Authority (file a FINRA complaint). The investigation has revealed troubling practices related to the recommendation and sale of GWG L Bonds—complex, high-risk securities that ultimately resulted in substantial losses for

Cornerstone Wealth Management and financial advisor Paul Nannicelli have become the focus of regulatory scrutiny following a significant action announced by the Financial Industry Regulatory Authority (file a FINRA complaint). In a decision publicized today, Nannicelli (CRD #: 1089038) has been sanctioned with a six-month suspension and fined $15,000. These penalties stem from allegations that

**Jefferies LLC** and its former financial advisor, **Nicholas Coubrough** (CRD #4678755), are at the center of a recent high-profile regulatory action that has captured the attention of investors and professionals across the financial services industry. The Financial Industry Regulatory Authority (**FINRA**) has issued a permanent bar against **Coubrough**, effectively ending his career in securities. This

In a development that has raised important questions throughout the investment advisory sector, Joe Doggett of JCD Investments is currently facing serious allegations of elder abuse and violations of securities laws. The file a FINRA complaint, brought in July 2023, revolves around his recommendations and sales of Delaware Statutory Trust (DST) investments to senior clients

GWG Holdings, a Dallas-based specialty finance company, and financial advisor Gary Madrid of WestPark Capital, are at the center of recent controversy involving the sale of GWG L Bonds to investors. The situation raises broader questions about the oversight of alternative investment recommendations, the obligations of advisors, and the critical importance of transparency in the

MWA Financial Services has recently terminated financial advisor Randy Canales after alleged violations related to unauthorized trading and unsuitable investment recommendations. This significant development, coming into effect on June 30, 2025, sends ripples across the financial advisory sector, highlighting ongoing challenges in maintaining investor trust and regulatory compliance. Background of Randy Canales and MWA Financial