Advisors: New Filings

The customers allege that, the Registered Representative recommended and misrepresented high-risk, investments and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

I inherited this account and never sold the products in question

$75,000.00

The customers allege that in or about 2017, the Registered Representative recommended high-risk, illiquid investments.

I vehemently deny any wrongdoing and assert that the allegations are completely without merit. The investments about which the customers complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment. The customers confirmed in writing that they not only received the requisite investment documentation/disclosures, but that they fully understood the characteristics and risks of the investments. At all times, I put the customer's interest first and I will vigorously defend this matter to the fullest extent of the law.

$100,000.00

In March of 2025, a civil litigation was initiated against Randall C Hall seeking $1,000,000 in damages based on allegations that Mr. Hall failed to manage a client portfolio in light of their age, investment objectives, and risk tolerances.

All claims against Randall C. Hall were permanently dismissed by the court. The remaining matter against Xenith was resolved separately. Mr. Hall paid $0 toward the settlement. There was no finding of liability or wrongdoing against Mr. Hall.

$1,000,000.00

$335,000.00

Customer alleges that on August 26, 2026, investment changes were recommended involving a reallocation of her retirement account which included the reallocation of a large portion of her current stable value fund holdings into market-priced fixed-income investments. Customer expressed concerns regarding the explanation of potential principal fluctuations and interest-rate risks, as well as the alignment of the recommendations with her investment objectives and risk tolerance. Customer reports an approximate $15,000 decline in account value following the transaction.

The customer alleges an investment loss of approximately $15,000 following investment changes implemented through Empower's advice methodology utilizing Empower’s Best Interest Profile tool (BIP). The investment recommendation was generated by the firm's standardized advice system based on data provided by the customer. A recommendation summary and disclosure document, which summarizes the investment profile information discussed, explains the recommendation and includes disclosures on market risks and conflicts of interest, was emailed to the customer at the end of the interaction. The customer was provided the recommended investment allocation during the call and expressly authorized the recommended investment changes during the recorded telephone conversation. I executed the transactions exactly as generated by the advice methodology and BIP tool, without making any independent modifications to the system generated investment allocation. I provided all required disclosures during the verbal interaction and followed company approved data collection and standardized point-in-time investment advice procedures. I dispute the allegations that I provided improper investment advice, failed to follow the firm's established investment advice procedures, or executed transactions inconsistent with the customer's goals, risk preferences, or objectives.

$15,000.00

Customer alleges unsuitable investment recommendations.

$10,000.00

The client alleged that the advisor failed to follow her instructions to surrender her Qualified RiverSource Structured Solutions Annuity, prior to segment renewal in October 2026.

$5,667.00

Client claimed a feature of an alternative investment was not disclosed at the time of purchase.

Customer alleges poor advice. Activity dates 9/8/2026– 9/16/2026.

$7,711.66

Claimants allege that Respondent violated industry rules and standards by failing to identify red flags of and prevent financial exploitation between November 2024 and March 2024.

$5,200,000.00

$750,000.00

VIOLATION OF REG BI, BREACH OF FIDUCIARY DUTY AND NEGLIGENCE.

$500,000.00