Mar 6, 2026

Capulent LLC Financial Advisor Edward Fernandez Under Investigation For Alleged Unsuitable Delaware Statutory Trust (DST) Recommendations (FINRA Customer Complaints)

Our firm is investigating Capulent LLC broker and financial advisor Edward Eric Fernandez (CRD# 2956661) of Irvine, California for potential investment-related misconduct. Financial Advisor’s Career History Based on his FINRA BrokerCheck report, Mr. Fernandez has been registered with Capulent LLC since October 5, 2017, and is associated with the firm’s Irvine, California office location. His reported securities industry registration history includes: Capulent LLC (Irvine, CA) — 10/2017 to Present Boustead Securities, LLC (Irvine, CA) — 06/2016 to 02/2018 BrokerBank Securities, Inc. (Minnetonka/Bloomington, MN) — 02/2015 to 06/2016 Stephen A. Kohn & Associates, Ltd. (Irvine, CA) — 01/2012 to 06/2014 Pacific Cornerstone Capital Incorporated (Irvine, CA) — 07/2001 to 12/2011 H&R Block Financial Advisors, Inc. (Detroit, MI) — 01/2001 to 01/2001

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Mar 5, 2026

Independent Financial Group Financial Advisor John Lee Under Investigation For Alleged Unsuitable Investment Recommendations (FINRA Customer Complaints)

Our firm is investigating Independent Financial Group, LLC financial advisor and stockbroker John Ka-Cheong Lee (CRD# 2948622) of Pleasanton, California for potential investment-related misconduct. Financial Advisor’s Career History Based on his FINRA BrokerCheck report, John Ka-Cheong Lee has been registered in the securities industry since at least 1998 and has reported associations with the following firms: Independent Financial Group, LLC (CRD# 7717) — Registered as a broker and investment adviser representative since 10/2005 (Pleasanton, CA branch shown). National Planning Corporation (CRD# 29604) — Registered 12/2000 to 11/2005 (San Francisco / Los Angeles locations listed). H.D. Vest Investment Securities, Inc. (CRD# 13686) — Registered 01/1998 to 12/2000 (Dallas, TX listed).

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Mar 4, 2026

LPL Financial LLC Broker Brian Bates Under Investigation For Alleged Unsuitable Structured Notes (FINRA Complaint)

Our firm is investigating LPL Financial LLC broker and investment adviser Brian Robert Bates (CRD# 2318413) of Phoenix, Arizona for potential investment-related misconduct. Financial Advisor’s Career History Based on the BrokerCheck employment and registration history, Brian Robert Bates has worked in the securities industry with registrations that include, among others: Waddell & Reed, Inc. (05/1993 – 09/1996) SunAmerica Securities, Inc. (09/1996 – 11/1998) Securities America, Inc. (11/1998 – 08/2004) CUE Financial Group, Inc. (09/2004 – 08/2009) Foothill Securities, Inc. (08/2009 – 06/2011) Chase Investment Services Corp. (08/2011 – 10/2012) J.P. Morgan Securities LLC (10/2012 – 10/2013) BBVA Securities Inc. (10/2013 – 08/2021) PNC Managed Account Solutions, Inc. / PNC Investments (08/2021 – 11/2021) LPL Financial LLC (10/2021 – Present)

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Mar 3, 2026

LPL Financial Advisor David McCain Under Investigation For Alleged Unsuitable Annuity, UIT, and Tech Stock Recommendations | FINRA Complaint

Our firm is investigating LPL Financial LLC advisor and registered representative David Robert McCain (CRD# 2039283) of Johnson City, Tennessee for potential investment-related misconduct. Financial Advisor’s Career History Based on the broker’s registration history, David R. McCain has worked in the securities industry since at least 1990 and has been registered with multiple firms over his career, including: J.C. Bradford & Co. (05/1990–08/2000); UBS Financial Services Inc. (08/2000–09/2007); Commonwealth Financial Network (08/2007–09/2009); Woodbury Financial Services, Inc. (09/2009–01/2024); Osaic Wealth, Inc. (01/2024–08/2024); and LPL Financial LLC (since 08/19/2024).

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Feb 2, 2026

Edward Jones Financial Advisor Robert Lybbert Under Investigation For Alleged Hedge Fund Misrepresentation and Unsuitable Recommendations in FINRA Customer Complaints

Our firm is investigating Edward Jones financial advisor Robert Val Lybbert (CRD# 7451138) of Issaquah, Washington for potential investment-related misconduct. Financial Advisor’s Career History Based on FINRA BrokerCheck, Robert Val Lybbert has been registered in the securities industry since 2021 and is currently registered with Edward Jones. His reported registration/employment history includes: Edward Jones (CRD# 250) — Financial Advisor (07/2025–Present); branch listed in Issaquah, Washington Elite Wealth Management, Inc. (CRD# 132122) — Investment Adviser Representative (10/2021–07/2025) Lattice Capital Management LLC (CRD# 141860) — Investment Adviser Representative (10/2021–07/2022; 11/2023–01/2024)

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Feb 2, 2026

Concorde Investment Services, LLC Advisor Ehud Gersten Under Investigation For Alleged Misleading Real Estate Security Recommendations in FINRA Customer Complaints

Our firm is investigating Concorde Investment Services, LLC financial advisor Ehud N. Gersten (CRD# 7066119) of Ann Arbor, Michigan for potential investment-related misconduct. Financial Advisor’s Career History BrokerCheck reflects that Ehud N. Gersten has been registered with Concorde Investment Services, LLC since August 19, 2025, and has prior registrations with multiple broker-dealers and investment advisers. Reported securities industry registration history (selected): LightPath Capital, Inc. (B) — 03/2019 to 08/2019 Stax Capital (B) — 08/2019 to 02/2020 WealthForge Securities, LLC (B) — 02/2020 to 07/2020 Growth Capital Services, Inc. (B) — 07/2020 to 02/2021 Emerson Equity LLC (B) — 03/2021 to 07/2023 Arkadios Capital (B) — 07/2023 to 03/2025 Realta Equities, Inc. (B) — 03/2025 to 08/2025 Concorde Investment Services, LLC (B) — 08/2025 to Present

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Feb 2, 2026

Merrill Lynch, Pierce, Fenner & Smith Incorporated Financial Advisor Alexandre Maltez Under Investigation For Alleged Alternatives (GWG) Misrepresentation and Reg BI Violations (FINRA Complaint)

Our firm is investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated financial advisor Alexandre Maltez (CRD# 6506116) of Winter Springs, Florida for potential investment-related misconduct. Financial Advisor’s Career History According to his FINRA registration and employment history, Alexandre Maltez has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated since October 2022 and previously was registered with firms including Newbridge Financial Services Group/Newbridge Securities (2019–2022), CoreCap (2018–2019), USA Financial Securities (2017–2018), and United Planners’ Financial Services (2015–2016).

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Feb 2, 2026

Edward Jones Financial Advisor Andrew Hall Under Investigation For Alleged Unsuitable Recommendations and Misrepresentation in FINRA Customer Complaints

Our firm is investigating Edward Jones financial advisor Andrew Steven Hall (CRD# 6133048) of Cheraw, South Carolina for potential investment-related misconduct. Financial Advisor’s Career History According to his FINRA BrokerCheck report, Andrew Steven Hall has been registered in the securities industry since at least 2012 and is currently registered with Edward Jones. His disclosed registration/employment history includes: Edward Jones (Financial Advisor) — 11/2016 to Present (branch: Cheraw, SC) Centaurus Financial, Inc. (Registered Representative) — 05/2015 to 11/2016 J.P. Turner & Company, L.L.C. — 12/2012 to 06/2015

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Feb 2, 2026

Wells Fargo Clearing Services, LLC Financial Advisor Simon Leung Under Investigation For Alleged Unsuitable Recommendations (FINRA Customer Complaints)

Our firm is investigating Wells Fargo Clearing Services, LLC financial advisor Simon Ga Jeung Leung (CRD# 5795988) of Woodstock, Georgia for potential investment-related misconduct. Financial Advisor’s Career History According to his FINRA BrokerCheck report, Simon Ga Jeung Leung’s securities-industry registration history includes: Chase Investment Services Corp. (07/2010 – 10/2010) (Alpharetta, GA) Chase Investment Services Corp. (05/2012 – 10/2012) (Alpharetta, GA) J.P. Morgan Securities LLC (10/2012 – 11/2014) (Woodstock, GA) Wells Fargo Advisors, LLC (11/2014 – 11/2016) (Woodstock, GA) Wells Fargo Clearing Services, LLC (11/2016 – Present) (Woodstock, GA) His reported employment history also reflects Wells Fargo Bank, N.A. (11/2014 – Present) (Woodstock, GA).

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Feb 1, 2026

Arkadios Capital Financial Advisor Jason Stone Under Investigation For Alleged Unsuitable Alternative Investment Recommendations Following FINRA Customer Complaints

Our firm is investigating Arkadios Capital financial advisor Jason Douglas Stone (CRD# 5455271) of Orange, California for potential investment-related misconduct. Financial Advisor’s Career History According to BrokerCheck, Jason Douglas Stone’s registration and employment history includes: Ameriprise Financial Services, Inc. (B/IA) — Long Beach, CA (01/2008–08/2013) J.W. Cole Financial, Inc. (B) — Orange, CA (08/2013–12/2014) J. W. Cole Advisors, Inc. (IA) — Orange, CA (01/2014–12/2014) Crown Capital Securities, L.P. (B/IA) — Orange, CA (01/2015–03/2024; IA listed 09/2015–03/2024) Stone Hatcher Financial (IA) — Anaheim, CA (04/2018–06/2019) Arkadios Capital (B) — Registered Representative (03/2024–Present) BrokerCheck also reflects investment-related “other business” activity tied

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