Investors potentially experienced sales practice violations by securities broker Martin S. Berman [CRD: 2406962, Los Angeles, California], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Martin Berman worked for Cetera Advisors LLC from September 8, 2022, to the present, Cetera Investment Advisers LLC from November 12, 2020, to the present, and previously for First Allied Securities Inc. from May 30, 2008, to September 8, 2022. See the following information to discover more about the disclosures involving this securities broker and the nature of client disputes reported.
Evidently, a Cetera Advisors LLC client filed FINRA Arbitration No. 23-03099 about Martin Berman. Primarily, the client alleged that Berman made unsuitable recommendations, breached his fiduciary duty, breached a contract, failed to supervise certain representatives, and committed elder abuse. Because of this, the client allegedly incurred damages associated with interval funds. Consequently, on August 23, 2024, Cetera Advisors LLC settled this matter by paying the client $196,000 in damages.
Specifically, a First Allied Securities Inc. client filed FINRA Arbitration No. 20-02512 about Martin Berman. Mainly, the client alleged that Berman made unsuitable recommendations involving complex investments, was negligent, failed to supervise certain representatives, and breached his duties. For this reason, the client allegedly sustained damages linked to variable annuities and real estate securities. As a result, on October 21, 2021, First Allied Securities Inc. settled this matter by paying the client $22,500 in damages.
Did you suffer any investment-related losses because of Martin Berman? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Berman and brokerage firms Berman worked for deny any allegations of sales practice violations.
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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