Tag Archives: Independent Financial Group LLC

Investors File FINRA Securities Arbitration Against IFG Over Unsuitable Alternative Investments

October 08, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Direct Participation Programs, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Against IFG Over Unsuitable Alternative Investments

William Aubrey Morrow (also known as W. Aubrey Morrow) of San Diego California a stockbroker and investment adviser representative of Independent Financial Group (IFG) is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $100,000.00 in damages founded upon allegations that they were placed into unsuitable direct investments […]

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Regulator Sanctions Independent Financial Group Stockbroker For Unsuitable Recommendations

September 03, 2021  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Regulator Sanctions Independent Financial Group Stockbroker For Unsuitable Recommendations

Lyle Jude Boudreaux of Houston Texas a stockbroker formerly registered with Independent Financial Group has been issued a Consent Order by Texas State Securities Board in which Boudreaux’s investment adviser representative registration and securities agent registration in the state has been denied founded on allegations of Boudreaux making unsuitable recommendations to customers in the state […]

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Investors File Arbitration Claim Against IFG

June 12, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Arbitration Claim Against IFG

Angelo Talebi of Sherman Oaks California a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $150,000.00 in damages founded on allegations that the customer had been placed into unsuitable alternative investments because of Talebi at Royal Alliance Associates. […]

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IFG Sued By Investors For Unsuitable REIT Sales

April 18, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on IFG Sued By Investors For Unsuitable REIT Sales

Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested compensatory damages supported by allegations that their assets had been concentrated in non-traded real estate investment trusts by Davis during the time that he was […]

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IFG Sued By Investors In Promissory Note Scheme

March 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Ponzi Schemes, Promissory Notes, Selling Away and Outside Activities   |   Comments Off on IFG Sued By Investors In Promissory Note Scheme

Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,202,739.63 in damages based upon accusations of Pariser having involved himself with people who persuaded the customer to invest in fraudulent promissory notes. Financial […]

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Investors Allege IFG Breached Of Fiduciary Duties

September 14, 2020  |   Posted by :   |   Securities Arbitration Claims, Structured Products   |   Comments Off on Investors Allege IFG Breached Of Fiduciary Duties

Kyusun Kim (also known as Kyu Sun Kim and as Kenny Kim) of San Diego California a stockbroker formerly employed by Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was settled for $60,000.00 in damages based upon allegations that the stockbroker violated federal and state securities laws through […]

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IFG Stockbroker Barred For Conversion

Martin David Batstone (also known as Marty David Batstone) of San Diego California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officers Order Accepting Offer of Settlement containing findings that Batstone […]

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Investors Sue IFG For Sale of Fake Promissory Notes

Jon Richard Pariser of Pacific Grove California a stockbroker formerly employed by Independent Financial Group LLC has been referenced in a customer initiated investment related arbitration claim where the customer sought $1,268,000.00 in damages founded on accusations of unsuitable promissory notes transactions which caused the customer to incur investment losses. Financial Industry Regulatory Authority (FINRA) […]

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IFG Sued By Investors Over Alternative Investments

Angelo Talebi of Sherman Oaks California a stockbroker formerly employed by Independent Financial Group LLC and Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by accusations that (1) false or misleading statements had been made by […]

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IFG Discharges Stockbroker For Unauthorized Trading

November 24, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Donald Allen Blankenship of King of Prussia Pennsylvania a stockbroker formerly registered with Independent Financial Group LLC has been discharged by the firm on October 14, 2019 based upon allegations that (1) Blankenship effected trades in the accounts of Independent Financial Group customers without having written authorization from either the customers or the securities broker […]

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Independent Financial Group Sued By Investors For Bad REITs

Shimshon Plotkin (also known as Shim Plotkin) of Chevy Chase Maryland a stockbroker currently registered with Independent Financial Group is the subject of a customer initiated investment related arbitration claim in which the customer sought as much as $1,000,000.00 in damages based upon accusations that the customer had been placed in alternative investments including real […]

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IFG Stockbroker Charged By FINRA With Conversion

Martin David Batstone (also known as Marty Batstone) of San Diego California a stockbroker formerly registered with Independent Financial Group has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that Batstone converted a customer’s funds and engaged in securities transactions away from the securities broker dealer. Department of […]

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Independent Financial Stockbroker Investigated By FINRA

Martin David Batstone (also known as Marty David Batstone) of San Diego California a stockbroker formerly employed by Independent Financial Group is the subject of a Financial Industry Regulatory Authority (FINRA) Investigation in which the regulator determined that disciplinary action should be taken by FINRA Department of Enforcement against the stockbroker founded on allegations of […]

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Independent Financial Group Sued For Misrepresentation

Shawn Bruce Davis of Auburn California a stockbroker formerly employed by Independent Financial Group LLC is the subject of a customer initiated investment related civil action brought in the Superior Court of the State of California in which the customer requested unspecified damages founded on accusations that (1) false or misleading statements had been made […]

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Independent Financial Group Accused Of Misconduct In Connection With The Sale of REITs

Theodore Hendrickus Franse of Fair Oaks California a stockbroker formerly employed by Independent Financial Group LLC is referenced in a customer initiated investment related written complaint which was settled on August 9, 2018 to resolve accusations of the customer being sold unsuitable real estate investment trust products while Franse was associated with Independent Financial Group […]

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IFG Stockbroker Admits To Selling Away

Jeffrey Paul Schwebach of Dell Rapids South Dakota a stockbroker formerly registered with Independent Financial Group LLC has been suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings of Schwebach selling Woodbridge promissory notes away from Independent Financial Group LLC. Letter of […]

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FINRA Bars Independent Financial Broker For Obstruction

Jon Richard Pariser of Pacific Grove California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA’s investigation into Pariser’s referral of customers to an unregistered individual who […]

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Investor Sues Independent Financial Group For Fraud

William Aubrey Morrow of San Diego California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $100,000.00 in damages based upon accusations that (1) unregistered tenant in common investments had been sold to the customer (2) the customer’s account transactions lacked […]

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Independent Financial Sued For Breach Of Fiduciary Duty

Rey Keith Frimmersdorf of Santa Rosa California a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $160,000.00 in damages founded on allegations of (1) violation of California Corporate Securities Law (2) breach of fiduciary duty and (3) suitability in reference […]

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Independent Financial Broker Sanctioned For Undisclosed Activities

Steven William Kraut of Saint Anthony Minnesota a stockbroker formerly registered with Independent Financial Group LLC has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he engaged in undisclosed outside business activities. Letter of Acceptance Waiver […]

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Independent Financial Group Accused Of Mismanagement

July 12, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

John Paul Mazza of Shelby Township Michigan a stockbroker formerly registered with Independent Financial Group LLC is the subject of a customer initiated investment related written complaint on April 3, 3018 where the customer requested $5,000.00 in damages supported by accusations that Mazza mishandled the customer’s investment advisory account. Financial Industry Regulatory Authority (FINRA) Public […]

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FINRA Bars Independent Financial Broker For Bad Conduct

June 30, 2018  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News   |   0 Comments

Kyusun Kim of San Diego California a stockbroker formerly registered with Independent Financial Group LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that that he (1) made unsuitable investment recommendations to the firm’s senior customer base and (2) falsified information about […]

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Independent Financial Group Sued For Churning

Shawn Bruce Davis of Auburn California a stockbroker formerly registered with Independent Financial Group LLC is referenced in a customer initiated investment related arbitration claim where the customer requested more than $5,000.00 in estimated damages based upon accusations including (1) churning of the customer’s investment portfolio (2) violation of California Corporations Code (3) breach of […]

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Independent Financial Accused Of Unauthorized Trading

Brian Joseph Lockett of Lynwood Washington a stockbroker currently employed by Independent Financial Group LLC is the subject of a customer initiated investment related complaint which was resolved for $45,000.00 in damages on July 27, 2016 supported by allegations that unapproved and unsuitable private investment and real estate investment trust transactions had been effected in […]

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Commonwealth Financial Accused Of Unsuitable Options Recommendations

Ernest James Cox of La Quinta California is a stockbroker formerly registered with Commonwealth Financial Network who is the subject of a customer initiated investment related written complaint which settled on November 28, 2016 for $15,000.00 in damages founded on allegations that the customer’s funds according to an options and equities strategy that was not […]

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Independent Financial Group Accused Of Suitability

February 20, 2018  |   Posted by :   |   Inverse/Leveraged ETF Funds, Investment and Regulatory News   |   0 Comments

Lyle J. Boudreaux of Houston Texas is a stockbroker currently registered with Independent Financial Group LLC who is subject of a customer initiated investment related written complaint on October 27 2017 in which the customer sought two hundred ten thousand dollars in damages founded on accusations that unsuitable leveraged exchange traded fund transactions were effected […]

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Independent Financial Broker Barred For Felony

November 01, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Dale Franklin Norton Jr., of Newhall, California, a former registered representative with Independent Financial Group, LLC, is the subject of a California Department of Insurance Order issued on July 27, 2017, revoking Norton’s insurance licensure according to Sections 1669(a)(I) and 1738 of the California Insurance Code, based upon Norton having pled nolo contendere to a […]

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Independent Financial Group Sued For Elder Abuse

November 01, 2017  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News   |   0 Comments

Kyusun Kim, of San Diego, California, a stockbroker registered with Independent Financial Group, LLC, has been named in a customer initiated investment related arbitration claim, in which the customer alleged that Kim committed elder financial abuse, breached his contractual obligations, breached his fiduciary duties, and violated federal and state securities laws relating to structured products, […]

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Independent Financial Group Sued By Customers

June 19, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Martin David Batstone, of San Diego, California, a stockbroker formerly registered with Independent Financial Group, LLC, has been named in a customer initiated investment related civil action, which settled on January 25, 2017, for $55,000.00 in damages based upon allegations that he failed to appropriately confirm the designation of beneficiaries on the customer’s investment accounts […]

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Independent Financial Group Broker Barred By Regulator

June 08, 2017  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Matthew Lee Geiser, of Grand Island, Nebraska, a stockbroker formerly registered with Independent Financial Group, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Geiser failed to cooperate in an investigation into allegations that he misstated information to customers about variable […]

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