Jaime Michael Westenbarger (CRD#: 4625703, Grand Rapids, Michigan) is a Securities America, Inc. registered representative who has disclosed on his Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Report that customers have complained about his sales practices. The following customers have lodged customer-initiated investment-related disputes concerning, among other things, Westenbarger’s failure to place the customers in suitable investments:
On August 1, 2018, Westenbarger reported that a Securities America, Inc. customer filed a complaint with the firm in regards to a variable annuity. The customer alleged to have been sold an annuity issued by Allianz that was not unsuitable because it was illiquid. As a result, the customer alleged $29,000 in damages. However, Securities America eventually denied the customer’s allegations on August 20, 2018.
Westenbarger also reported that a First Allied Securities, Inc. customer brought a complaint on April 3, 2017. She accused Westenbarger of selling unsuitable real estate investment trust products in July 2015. The real estate securities apparently caused the customer to sustain losses. Because of this, the customer requested $165,000.00 in damages. The complaint is pending a resolution.
Customers of OneAmerica Securities, Inc. joined together to file a lawsuit on January 4, 2010 in the Washtenaw County, Michigan Circuit Court. According to the customers, Westenbarger sold the customers two variable annuities that were inappropriate in light of the customer’s investment objectives. In addition, the customers contended that Westenbarger misrepresented the terms and conditions of the annuities. Customers and OneAmerica Securities, Inc. agreed for the customers to be paid $12,500.00 to settle the lawsuit.
OneAmerica Securities, Inc. discharged Westenbarger on October 12, 2006. The firm alleged that it terminated Westenbarger because he formed a company without first obtaining approval from the firm’s compliance department and management. He was registered with First Allied Securities from March 14, 2014 to May 4, 2016.
Investors who have incurred losses from Jaime Michael Westenbarger are encouraged to call Soreide Law Group at (888) 760-6552 and consult with counsel regarding the possible recovery of investment losses. We represent clients nationwide against brokers and brokerage firms. You are only assessed a fee if we succeed in recovering for you.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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