New client disputes appear on FINRA BrokerCheck concerning securities broker Peter David Schiff (CRD#: 1759484, Newport Beach, California). Evidently, those disputes concern Schiff’s purported misrepresentations and unsuitable transactions at Euro Pacific Capital (now known as AGP Alliance Global Partners). Schiff became an Alliance Global Partners broker in 1997 and a financial advisor in 2009. Here’s what the investors allege in these disputes.
Notably, a client of Euro Pacific Capital came forward in February 2021 with allegations of Peter Schiff’s sales practice violations relating to a private placement. First of all, the client alleged omissions and misrepresentations of important details relating to the private placements. Secondly, the client alleged breach of contract and breach of fiduciary duty. Finally, Euro Pacific Capital faced accusations of failure to supervise (2015 to 2021). For this reason, the client asked for compensation. It appears that Euro Pacific Capital settled the matter, with no admission of liability, by agreeing in August 2021 to make a $45,000 payment to the client.
Also, Peter Schiff denies the allegations, claiming to have not known the client or had any role in supervising the broker that sold the investments.
Evidently, in the second dispute on BrokerCheck – a FINRA Arbitration Claim from April 2019 – a client of AGP Alliance Global Partners alleges Peter Schiff’s sales practice violations concerning a private placement, including misrepresentation, unsuitable investments, failure to supervise, and failure to disclose risks. Supposedly, the client invested in private placements that resulted in $450,000 in damages. However, Schiff claims to have not had any personal contact with the client. The broker and firm deny the allegations against them. It appears that in May 2021, AGP resolved this matter by paying $60,000 to the client.
Did securities broker Peter Schiff cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered meaningful compensation for United States investors who incurred losses from their financial advisors and securities brokers. Please note that Schiff denies all 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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