Latest Securities Lawyer News

On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.

Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.

A customer dispute that settled for $80,000 on July 16, 2026 is the newest entry on the BrokerCheck report of Stephen Kerutis (CRD 2345517). The clients in that matter alleged unsuitable recommendations, and Truist Investment Services is the firm on the disclosure.

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.

Realized Financial customer claims over real estate investments name Jacob Adams (CRD 4975889) in pending FINRA arbitrations. The claims are unproven allegations, and no arbitrator has ruled on them. Adams responded to each in a statement on BrokerCheck.

An Osaic Wealth customer arbitration filed on September 9, 2026 names Mark Snyder (CRD 1003418). No arbitrator has ruled on it, and its allegations remain unproven. BrokerCheck also lists an earlier estate dispute at Royal Alliance Associates, which settled in 2021.

FINRA censured and fined Raymond James & Associates (CRD 705), a St. Petersburg, Florida firm, in an AWC issued August 18, 2026. The case concerns fractional shares that come from dividend reinvestment. Without admitting or denying the findings, the firm consented to findings that it failed to report fractional share transactions.