Trey Andrew Toifel, of Mobile, Alabama, a stockbroker registered with Cetera Investment Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensatory damages based upon allegations that Toifel recommended overly concentrated investments in structured bank notes during the time that Toifel was associated with Cetera Investment Services LLC. FINRA Arbitration No. 23-01784 (June 21, 2023).
This is not the first time that Toifel has been referenced in a customer initiated investment related dispute concerning Toifel’s conduct in the securities industry. FINRA Public Disclosure shows that Toifel is also referenced in a customer initiated investment related complaint filed on May 10, 2023, in which the customer requested compensatory damages based upon allegations that while Toifel was associated with Cetera Investment Services LLC, he never disclosed that the customer’s money would be locked up for five years in structured products.
Toifel has been associated with Cetera Investment Services LLC as a stockbroker in Mobile, Alabama, and Fairhope, Alabama, since January 21, 2015. Additionally, Toifel has been associated with Cetera Investment Advisers LLC as an investment advisor representative in Fairhope, Alabama, since January 21, 2015.
