SPRINGFIELD, ILLINOIS Have you lost money with financial advisor Dustin Shafer?  We are looking into allegations made about Dustin Shafer from Springfield, Illinois.  Shafer was the subject of a complaint by the Illinois Securities Department, alleging that he borrowed over $58,000 from an elderly customer and never paid it back. Earlier this year, FINRA (the …
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LAKE FOREST, ILLINOIS Have you lost money with financial advisor Victor Rigoni III (CRD# 4272056), of Summit Brokerage Services and Cetera Advisor Networks, in Lake Forest, Illinois?  FINRA (the Financial Industry Regulatory Authority) suspended Victor Rigoni from the securities industry for three months.  FINRA alleged that Rigoni failed to timely disclose numerous tax liens. Victor …
Read More "Warning: VICTOR RIGONI of Summit Brokerage SUSPENDED"

PARKER, COLORADO Have you lost money investing with Michele Boyer? We are investigating allegations made by against Michele Boyer, former representative of Concorde Investment Services.  The Colorado Securities Division sought to punish Michele Boyer.  Colorado alleged that Boyer failed to properly disclose her involvement in a real estate investment.  To settle these allegations, Boyer agreed …
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ALTOONA, WI Have you lost money with financial advisor Michael Shillin?  We are continuing to look into allegations made about Michael F. Shillin from Altoona, Wisconsin.  Shillin is the subject of a complaint by the Wisconsin Department of Financial Institutions.  Shillin made representations that he invested clients’ money in SpaceX, Megahoot, and Palantir when such …
Read More "COMPLAINTS Against MICHAEL SHILLIN of Alliance Global"

SEATTLE, WASHINGTON Have you lost money with financial advisor Wesley J. Evans of Seattle, Washington?  We are looking into allegations made against Wesley Evans.  FINRA, the Financial Industry Regulatory Authority, barred Wesley Evans from the securities industry.  Evans was alleged to have stolen about $15,000 from two elderly customers of his bank, J.P. Morgan Chase.  …
Read More "Warning: WESLEY EVANS of J.P. Morgan is BARRED"

FLORHAM PARK, NJ Have you lost money with financial advisor Jeffrey A. Fladell from Florham Park, New Jersey?  We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Jeffrey Fladell. FINRA suspended Fladell from the securities industry for three months and fined him $5,000.  Fladell was being investigated regarding allegations that …
Read More "JEFFREY FLADELL of RBC Capital SUSPENDED"

MONTICELLO, INDIANA Have you lost money with financial advisor William Novack (Bill Novack) of Monticello, Indiana?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority.  FINRA barred William Novack after he failed to respond to an investigation.  Bill Novack was being investigated regarding after another advisor, James Schumaker, allowed his father Jeffrey …
Read More "Warning: Advisor WILLIAM NOVACK is Now BARRED"

PALM DESERT, CALIFORNIA Have you lost money with financial advisor James M. Casey (CRD# 1791115), formerly of Purshe Kaplan Sterling Investments, in Palm Desert, California?  We are investigating allegations of former customers related to James Casey. James Casey has been the subject of numerous customer complaints, alleging that he has made unsuitable investment recommendations, including …
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INDIANAPOLIS, INDIANA Have you lost money with financial advisor Scott Wolfrum of Indianapolis, Indiana?  We are looking into allegations made against Scott T. Wolfrum.  The Securities and Exchange Commission filed a complaint against Wolfrum, alleging that he failed to disclose conflicts of interest in connection with selling investments in Foundry Mezzanine Opportunity Fund.  Wolfrum sold …
Read More "SCOTT WOLFRUM of David A. Noyes & Co. ORDERED to Pay $140,000"

HIT REIT Investment Losses — Have you invested in Hospitality Investors Trust, formerly known as American Realty Capital Hospitality Trust?  Hospitality Investors Trust is a non-traded REIT, or real estate investment trust.  Hospitality Investors Trust (or HIT REIT) invests in hotels properties throughout the country. Because of the decreased revenues from the pandemic, many hotels …
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