Morgan Stanley Fires Advisor Joel Freedman CONSHOHOCKEN, PENNSYLVANIA     Are you a former customer of financial advisor Joel Freedman from West Conshohocken, Pennsylvania? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made against Joel Freedman, who was fired by his brokerage firm, Morgan Stanley in March 2024. The firm fired the advisor after it was alleged that he engaged in discretionary trading in a customer account without written authorization to do so.  Freedman also failed to timely notify Morgan Stanley of this ..read more

Michael Young, with Classic Asset Management, Subject of Customer Complaint FARGO, NORTH DAKOTA     Have you lost money with financial advisor Michael Young of Fargo, North Dakota?  Our law firm is looking into claims made by a customer of Young, who provided investment advisory services through Classic Asset Management.  According to the complaint, he was negligent in recommending leveraged ETFs and caused $130,000 in damages.  FINRA has previously warned about the dangers of using leveraged ETFs. Michael Young has been a financial advisor and registered rep ..read more

Former Ameriprise Financial Services Advisor Cynthia Beyerlein Suspended LANCASTER, PENNSYLVANIA     Have you invested with financial advisor Cynthia Beyerlein from Lancaster, Pennsylvania? She was suspended for eight months by FINRA.  FINRA began its investigation of Beyerlein after she was fired by her brokerage firm, Ameriprise Financial Services.  She was under internal investigation by Ameriprise Financial Services, regarding allegations that she borrowed $190,000 from a customer.  Financial advisors generally cannot borrow money from clients, with limit ..read more

Kyle Baker, Formerly with First Trust Portfolios, Barred from Securities Industry WHEATON, ILLINOIS     Are you a former client of Kyle Baker in Wheaton, Illinois? Israels & Neuman is looking into allegations against Baker, who previously worked with First Trust Portfolios.  In April 2024, Baker was barred from the securities industry by FINRA, according to FINRA’s Disciplinary Database.  The investigation started in January 2024, and Baker’s counsel informed FINRA that he would not appear for an on-the-record interview. Kyle Baker was registered with First Tr ..read more

Former Cantella & Co. advisor Robert Gleason Suspended OWENSBORO, KENTUCKY     Are you a former customer of stockbroker Robert Gleason Jr., formerly with Cantella & Co. in Owensboro, Kentucky?  Gleason, who was affiliated with Cantella & Co. from November 2016 to December 201, was under investigation by the Financial Industry Regulatory Authority (FINRA) for potentially violating FINRA’s Regulation Best Interest rule. According to the complaint, he violated Regulation Best Interest by excessively trading or churning a customer’s account.  The customer ..read more

Warrant Issued for Former Royal Fund Management Advisor William Berg WAUKEE, IOWA     Did you invest with William Berg, also known as Bill Berg, formerly with Royal Fund Management?  The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against this advisor.  In March 2024, a federal arrest warrant was issued for Berg, who was from Waukee, Iowa.  He allegedly defrauded clients out of more than $1.5 million.  It was alleged that instead of investing the money on behalf of clients, he took the money for perso ..read more

Paul Trimber, Formerly with Wells Fargo, Barred ALEXANDRIA, VIRGINIA     Did you invest with Paul Trimber in Alexandria, Virginia? The securities and investment fraud law firm of Israels & Neuman is investigating claims made against this advisor, who previously worked with Wells Fargo.  He was recently expelled from the securities brokerage industry by FINRA after he failed to respond to FINRA’s investigation. The investigation began when Trimber was fired by his brokerage firm in February 2024.  He was fired regarding allegations that he admittedly made unaut ..read more

Juan Sosa Formerly with SagePoint Financial is Barred STUDIO CITY, CALIFORNIA     Are you a former client of Juan Sosa in Studio City, California? The securities and investment fraud law firm of Israels & Neuman is investigating claims made against Juan Sosa, formerly with SagePoint Financial and Independent Financial Group.  It has been alleged that Sosa converted or stole $331,000 from an elderly customer  which resulted in him being “permitted to resign” by his brokerage firm in July 2022. His resignation led to FINRA starting its own investigation. Sosa al ..read more

 Matthew Chimento Barred from Securities Industry ALPHARETTA, GEORGIA     Are you a former client of financial advisor Matthew Chimento in Alpharetta, Georgia? Israels & Neuman is reviewing allegations against this broker, who previously worked with Morgan Stanley (Prudential).  He was barred from the securities industry by FINRA, according to FINRA’s Disciplinary Database. In November 2023, Matthew Chimento voluntarily resigned from Morgan Stanley while he was under an internal investigation.  According to BrokerCheck, he allegedly transferred funds ..read more

Jae Kim Formerly with E1 Asset Management Barred  CORTLANDT MANOR, NEW YORK     Have you lost money investing with financial advisor Jae Kim in Cortlandt Manor, New York? After Jae Kim failed to respond to FINRA’s inquiry, he was barred from the securities industry.  FINRA Rule 8210 states that licensed advisors are required to respond to FINRA investigations. FINRA began its investigation after he was the subject of a customer arbitration claim.  The customer alleged $4 million in losses with respect to options and stocks.  Jae Kim allegedly acknowledge ..read more