Nov 17, 2025

Osaic Institutions Financial Advisor Michael Risko Under Investigation For Non-Traded REIT Investment and Processing Misconduct FINRA Complaint

Michael William Risko (CRD# 1975573) is a financial advisor and stockbroker currently registered with Osaic Institutions, Inc. in Hyde Park, New York. Our firm is investigating customer complaints and FINRA disclosures involving Mr. Risko’s recommendations and handling of non-traded real estate investment trust (“REIT”) transactions, including allegations of unsuitable REIT sales and processing errors that allegedly caused investors to miss redemptions and distributions. Financial Advisor’s Career History According to FINRA BrokerCheck, Michael William Risko has been registered in the securities industry since 1989 and is currently associated with Osaic Institutions, Inc. (CRD# 35371) in Hyde Park, New York, where he has been registered since July 1, 2016. Over the course of his career, Mr. Risko has been registered with a number of brokerage firms, including: Osaic Institutions, Inc. – Hyde Park, New York (since 2016) Essex National Securities, LLC / Essex National Securities, Inc. – Elizabeth, New Jersey (approximately 2009–2016) Barclays Global Fund Advisors – New York, New York (2007–2009) Barclays Global Investors Services – Jersey City, New Jersey (2007–2009) A I M Distributors, Inc. – Houston, Texas (several periods between 1998–2007) Dividend Capital Securities, LLC – Denver, Colorado (2006–2007) Fortis Investors, Inc. – Oakdale, Minnesota (1997–1998) Washington Square Securities, Inc. – Windsor, Connecticut (1995–1996) ReliaStar Financial Marketing Corp. – Seattle, Washington (1995) OppenheimerFunds Distributor, Inc. – New York, New York (1991–1995) Invest Financial Corporation – Appleton, Wisconsin (1989–1991)

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Nov 17, 2025

Ameriprise Financial Advisor Vincent Ferrara Jr. Under Investigation For Alleged Misappropriation of Customer Funds FINRA Complaint

Vincent Thomas Ferrara Jr. (CRD# 1791902) is a longtime financial advisor and stockbroker currently registered with Ameriprise Financial Services, LLC in Garden City, New York. Our firm is investigating Ameriprise broker and investment advisor Vincent Thomas Ferrara Jr. of Garden City, New York for potential tied to his prior employment at Merrill Lynch, Pierce, Fenner & Smith Incorporated. Financial Advisor’s Career History According to his November 2025 FINRA BrokerCheck report, Vincent Thomas Ferrara Jr. has been in the securities industry since 1988 and has worked for a number of large Wall Street firms over nearly four decades. His registration and employment history includes: Ameriprise Financial Services, LLC (CRD# 6363) – Registered representative and investment adviser representative based in Garden City, New York, with additional branch activity noted in Massapequa, NY. Ferrara has been registered with Ameriprise since February 2024. Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD# 7691) – Financial advisor in Garden City, New York from approximately June 2008 through February 2024, overlapping with his role as a Bank of America, N.A. financial advisor. Citigroup Global Markets Inc. (CRD# 7059) – Registered representative and investment adviser representative in Plainview, New York from May 2007 to June 2008. Citicorp Investment Services (CRD# 23988) – Held both broker and investment adviser registrations in Massapequa Park, New York from February 2007 to May 2007 (IAR) and from July 1992 to May 2007 (broker). Earlier broker-dealer positions – Prior registrations include Financial Horizons Securities Corporation (CRD# 20221), Pruco Securities Corporation (CRD# 5685), The Prudential Insurance Company of America (CRD# 680), J.T. Moran & Co., Inc. (CRD# 15655), and Sherwood Capital, Inc. (CRD# 10474), dating back to February 1988.

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Nov 17, 2025

J.P. Morgan Securities Broker Richard Ciraco Under Investigation For Unsuitable Recommendations FINRA Complaint

Richard M. Ciraco (CRD# 825969) is a long-tenured stockbroker and investment adviser representative currently registered with J.P. Morgan Securities LLC in New York, New York. Our firm is investigating allegations of investment-related misconduct involving Mr. Ciraco, including a significant pending FINRA arbitration alleging unsuitable recommendations and poor investment advice. Stockbroker’s Career History Richard Ciraco has worked in the securities industry since the 1970s, with his career spanning multiple broker-dealer firms: J.P. Morgan Securities LLC — 2002 to present Prudential-Bache Securities Inc. — 1984 to 1988 Bache Halsey Stuart Inc. — 1976 to 1977 Firm CRD# 7058 — 1976

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Nov 14, 2025

Osaic Wealth Financial Advisor Jonna Keller Under Investigation For Real Estate and Variable Annuity Misrepresentation FINRA Complaint

Jonna Doris Keller (CRD# 1983864) is a registered broker and investment adviser with Osaic Wealth, Inc. in Sarasota, Florida. Our firm is investigating whether customers of Ms. Keller suffered losses due to alleged misrepresentation and unsuitable recommendations involving real estate investment trusts (REITs), other real estate securities, and variable annuities. Financial Advisor’s Career History According to a 2025 FINRA BrokerCheck report, Jonna Doris Keller has worked in the securities industry for more than two decades and is currently registered with one FINRA member firm and licensed in approximately 30 U.S. states and territories. Ms. Keller is presently registered as a General Securities Representative and investment adviser representative with Osaic Wealth, Inc. (CRD# 23131). She has been associated with Osaic Wealth since September 1, 2023, and works from a branch office located at 3340-A Bee Ridge Road, Sarasota, Florida 34239. Her prior registration and employment history includes: SagePoint Financial, Inc. (CRD# 133763), Sarasota, Florida and Phoenix, Arizona – registered as a broker and investment adviser from December 2015 to September 2023. SPC (CRD# 110692), Ann Arbor, Michigan – registered as an investment adviser from March 2010 to December 2015. Sigma Financial Corporation (CRD# 14303), Sarasota, Florida – registered as a broker from June 2003 to December 2015. First Security Investments, Inc. (CRD# 24035), Kingston, Pennsylvania – registered as a broker from December 2000 to June 2003. Tower Equities, Inc. (CRD# 16195), Dayton, Ohio – registered as a broker from January 2000 to December 2000. American General Securities Incorporated (CRD# 13626), Phoenix, Arizona – registered as a broker from September 1999 to January 2000.

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Nov 14, 2025

World Equity Group, Inc. and Prostatis Financial Advisors Group Financial Advisor Arthur McPherson Subject of Customer Disputes Alleging Negligent Market-Timing Strategy and Unauthorized Transfer of Funds FINRA Complaint

Arthur Roy McPherson (CRD# 2245364) is a financial advisor and stockbroker currently registered with World Equity Group, Inc. and Prostatis Financial Advisors Group in Melbourne, Florida, and is the subject of multiple customer disputes alleging negligent market-timing and an unauthorized transfer of client funds. Financial Advisor’s Career History According to his FINRA BrokerCheck report, Arthur Roy McPherson has been in the securities industry since the early 1990s and is currently dually registered as both a broker and investment adviser representative. He is presently associated with: Prostatis Financial Advisors Group (CRD# 132662) – Investment Adviser Representative, approved since February 25, 2019, with a branch office located at 3159 Alzante Circle, Unit 101, Melbourne, Florida 32940. World Equity Group, Inc. (CRD# 29087) – General Securities Representative, approved since July 1, 2019, also working out of the Melbourne, Florida branch office. McPherson has previously been registered with a number of other broker-dealers and advisory firms, including: Triumph Wealth Advisors, Inc. (IA) in Melbourne, FL (08/2015 – 05/2024) Taylor Capital Management Inc. (B) in Melbourne, FL (11/2014 – 07/2019) Sterne Agee Asset Management, Inc. (IA) in Melbourne, FL (03/2014 – 11/2014) Sterne Agee Financial Services, Inc. (B) in Melbourne, FL (04/2012 – 11/2014) TransAm Securities, Inc. (B) in Melbourne, FL (06/2006 – 04/2012) OneAmerica Securities, Inc. (B) in Indianapolis, IN (12/2000 – 06/2006) American United Life Insurance Company (B) in Indianapolis, IN (12/2000 – 12/2001) TransAm Securities, Inc. (B) in Los Angeles, CA (11/1998 – 01/2001) CFG Securities Corp. (B) in Longwood, FL (02/1993 – 11/1998) F.N. Wolf & Co., Inc. (B) (09/1992 – 12/1992)

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Nov 13, 2025

Wells Fargo Clearing Services, LLC — Allen H. Wilson — Under Investigation For Unsuitable Investment Recommendations — FINRA Customer Complaints

Our firm is investigating Wells Fargo Clearing Services broker and investment adviser Allen H. Wilson (CRD# 2420229) of Florham Park, New Jersey for potential investment-related misconduct. Financial Advisor’s Career History Wells Fargo Clearing Services, LLC (Registered Rep/Adviser Rep), Florham Park, NJ — 08/10/2012–Present; branch: 200 Campus Dr., Ste. 220, Florham Park, NJ 07932. Wells Fargo Advisors, LLC — 08/2012–11/2016 (Registered Rep). Stifel, Nicolaus & Company, Incorporated — 08/2007–08/2012. Ryan Beck & Co. — 10/2005–08/2007. J.B. Hanauer & Co. — 01/1994–10/2005 (broker) and 06/2003–10/2005 (adviser). Chatfield Dean & Co., Inc. — 11/1993–01/1994.

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Nov 12, 2025

LPL Financial Broker John Prokos Jr. Under Investigation For Alleged Unsuitable Real-Estate Investment Recommendations — FINRA Complaint

Our firm is investigating LPL Financial broker and investment advisor John Prokos Jr. (CRD# 1553091) of Boca Raton, Florida for potential investment-related misconduct. individual_1553091 Financial Advisor’s Career History Mr. Prokos is currently registered with LPL Financial LLC (CRD# 6413) and has been with the firm since September 1, 2020. He maintains registrations in numerous states and has been associated with branch locations in Boca Raton, FL; San Diego, CA; and Stuart, FL. individual_1553091 Previously registered with the following firms: Lucia Securities, LLC (09/2011–10/2020) – Boca Raton, FL individual_1553091 Lucia Capital Group (04/2010–10/2020) – San Diego, CA (advisory) individual_1553091 First Allied Securities, Inc. (02/2008–12/2011) – Boca Raton, FL (plus advisory registration 03/2008–04/2009) individual_1553091 Raymond J. Lucia Companies, Inc. (advisory roles in 2004–2006; 04/2008–07/2008; 04/2009–11/2010) – San Diego, CA individual_1553091 Securities America, Inc. (01/1997–02/2008) – Palm Beach Gardens, FL (and Securities America Advisors, Inc. 07/2000–08/2007; 08/2007–02/2008) individual_1553091 FSC Securities Corporation (07/1995–01/1997) – Atlanta, GA; Mutual Service Corporation (03/1989–07/1995) – Boston, MA; Lowry Financial Services Corporation (06/1987–03/1989). individual_1553091

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Nov 12, 2025

Wells Fargo Advisors Broker John Hoile Under Investigation For Alleged Unsuitable REIT Recommendation FINRA Complaint

John Patrick Hoile (CRD# 3235563) is a registered broker and investment adviser currently associated with Wells Fargo Advisors / Wells Fargo Clearing Services, LLC in Raleigh, North Carolina. Our firm is investigating allegations relating to an investor’s claim that a REIT investment recommended while he was with Equitable Advisors, LLC was unsuitable and caused losses in excess of $5,000. Stockbroker and Financial Advisor’s Career History Mr. Hoile has been in the securities industry since 1999 and is currently registered with Wells Fargo Clearing Services, LLC and Wells Fargo Advisors in Raleigh, North Carolina. His registration and employment history, as reported in FINRA’s BrokerCheck, reflects the following firms: Wells Fargo Clearing Services, LLC / Wells Fargo Advisors (Raleigh, NC) – Registered Representative & Investment Adviser Representative (10/2017–Present) AXA Advisors, LLC (Raleigh, NC & New York, NY) – Registered Representative / Investment Adviser Representative (06/1999–10/2017) The Equitable Life Assurance Society of the United States (New York, NY) – Registered Representative (06/1999–01/2000)

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Nov 12, 2025

Centaurus Financial Broker Marco Azizi Under Investigation For Alleged Unsuitable High-Risk and Illiquid Investment Recommendations – FINRA Complaints

Marco Bartolo Azizi (CRD# 2154719) is a registered broker and investment adviser currently with Centaurus Financial, Inc. in San Jose, California. Our firm is investigating whether customers of Mr. Azizi may have suffered investment losses due to allegedly unsuitable, high-risk, speculative, and illiquid investment recommendations and related sales practice violations reported in multiple FINRA customer dispute disclosures. Financial Advisor’s Career History According to FINRA BrokerCheck, Marco Bartolo Azizi has been registered in the securities industry since 1991. He is currently registered with Centaurus Financial, Inc. (CRD# 30833), headquartered in Anaheim, California, and working from a branch office in San Jose, California, where he has been registered since July 20, 2016. His prior registrations include: Cetera Investment Advisers LLC (CRD# 105644), San Jose, CA (2015–2016) Summit Brokerage Services, Inc. (CRD# 34643), San Jose, CA (2015–2016) J.P. Turner & Company, L.L.C. (CRD# 43177), San Jose, CA (2002–2015) J.P. Turner & Company Capital Management, LLC (CRD# 124446), San Jose, CA (investment advisory) Global Capital Securities Corporation (CRD# 16184), Englewood, CO (1993–2002) Kober Financial Corp. (CRD# 17551), Englewood, CO (1992–1993) J.W. Gant & Associates, Inc. (CRD# 7963) (1991–1992)

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Nov 12, 2025

Oppenheimer & Co. Inc. Financial Advisor Gregory Iglow Under Investigation for Alleged Unsuitable Bond Investments and Misrepresentation in FINRA Complaints

Our firm is investigating Oppenheimer & Co. Inc. financial advisor Gregory Baines Iglow (CRD# 2783963) of Los Angeles, California, for potential investment-related misconduct, including unsuitable investment recommendations, fraud, misrepresentation, and negligence involving municipal and corporate bonds. Financial Advisor’s Career History According to FINRA BrokerCheck, Gregory B. Iglow entered the securities industry in 1997 and is currently registered as a Financial Consultant with Oppenheimer & Co. Inc. (CRD# 249) at its Los Angeles, California, branch, located at 10880 Wilshire Boulevard He has held this position since June 14, 2007. Prior to joining Oppenheimer, Iglow was employed with: RBC Dain Rauscher Inc. (CRD# 31194) — Beverly Hills, CA (02/2003–06/2007) Prudential Securities Inc. (CRD# 7471) — Los Angeles, CA (03/2000–02/2003) M.L. Stern & Co., LLC (CRD# 8327) — Beverly Hills, CA (01/1997–02/2000) He is currently licensed in 27 U.S. states and territories and registered with nine self-regulatory organizations, including FINRA and the New York Stock Exchange

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