Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that financial advisor Morgan Arford (Arford), currently employed by Independent Financial Group, LLC (Independent Financial) has been subject to at least four customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Arford’s customer complaints alleges that Arford recommended unsuitable investments among other allegations of misconduct relating to the handling of their accounts.
In September 2016 a customer complained that Arford violated the securities laws by alleging that Arford in mid-2012 participated in the sale of unapproved and unsuitable investments in oil and gas and a penny stock. The claim alleged $140,760 in damages and settled for $95,000.
In August 2016 a customer complained that Arford violated the securities laws by alleging that Arford in 2012 and 2013 participated in the sale of unapproved and unsuitable investments in oil and gas and a penny stock. The claim alleged $335,300 in damages and settled for $192,500.