Invista Advisors’ Dan Sloan Involved in Customer Settlements

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Dan Sloan (CRD# 1496530) has been involved in dozens of customer complaints that settled for hundreds of thousands of dollars. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 8, 2021, Mr. Sloan was previously registered as a broker with LPL Financial in Montgomery, Alabama, where he is currently registered […]

SEC Charges Miami Adviser Lina Garcia Over Cherry-Picking Allegations

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Lina Garcia (CRD# 4447599) has been charged by the Securities and Exchange Commission with orchestrating a fraudulent cherry-picking scheme. According to her Financial Industry Regulatory Authority (FINRA) BrokerCheck report and SEC IAPD Report, Garcia is currently registered as an investment adviser with UCB Financial Advisers in Miami, Florida. She was previously registered as a broker […]

IAMS Wealth Fires Advisor Michael Todd Over Compensation Arrangements

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Michael Todd (CRD# 6328096) was recently discharged from IAMS Wealth Management over allegations of misconduct. His Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on November 23, 2021, further discloses a pending complaint against the ex-Glen Allen broker and investment adviser. Also known as Mike Todd, he was previously registered with with AXA Advisors. […]

What Is the SEC Form ADV and Why Must Investors Know About It?

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When investment advisors register with the Securities Exchange Commission (SEC) and/or with their state securities authority, they need to fill in what is called a Form ADV. A Form ADV has three major parts: Part 1: General business info plus any info on past disciplinary actions Part 2: Service offerings, assets under management (AUM), investment […]

David Nissim Fired for Trading Improprieties

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David Nissim (CRD 87066) was terminated from Nissim & Gavidia Wealth Management. This is according to records reviewed on November 18, 2021. According to the disclosure, David Nissim was terminated for failing to adhere to Nissim & Gavidia’s procedures related to block trading. The public disclosure related to David Nissim’s termination states that his trading […]

Investigation: Hamilton Investment Counsel Advisor Scott Bremus

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Scott Bremus (CRD 4073006) was discharged from LPL Financial on October 1, 2021. This is according to disclosures reviewed on November 18, 2021. Mr. Bremus continues to be registered with Hamilton Investment Counsel. LPL Fires Scott Bremus On October 1, 2021, LPL Financial announced that it was terminating Mr. Bremus. The reason is as follows, […]