Our firm is investigating Cetera Investment Services broker and Cetera Investment Advisers investment advisor representative Gihan Anil Fernando (CRD# 4469669) of Houston, Texas for potential investment-related misconduct involving non-traded real estate investment trusts (REITs) and other real estate securities.
Financial Advisor’s Career History
According to FINRA BrokerCheck, Gihan Anil Fernando has worked in the securities industry since 2002 and is currently dually registered as both a broker and investment adviser representative in Texas.
Fernando is presently associated with:
Cetera Investment Advisers LLC (CRD# 105644) as an Investment Adviser Representative, registered since July 2, 2024, with a branch office at 5433 Westheimer Road, Suite 800, Houston, Texas 77056.
Cetera Investment Services LLC (CRD# 15340) as a General Securities Representative and Texas agent, registered since January 12, 2024, also listing the Houston, Texas branch at 5433 Westheimer Road, Suite 800.
His prior registration and employment history includes:
BOK Financial Advisors (CRD# 17530) in Bellaire, Texas, as an investment adviser representative from March 2003 to November 2023.
BOK Financial Securities, Inc. (CRD# 17530) in Bellaire, Texas, as a broker from March 2003 to November 2023, where he held senior roles including Senior Vice President and Senior Financial Advisor.
Morgan Stanley and Morgan Stanley DW Inc. (CRD# 7556) in Houston, Texas and Purchase, New York, where he was registered between 2002 and early 2003.

Our firm is investigating Insigneo Advisory Services, LLC investment adviser representative and Insigneo Securities, LLC broker Patricia P. Holder (CRD# 2894768) of Miami, Florida for potential investment-related misconduct, including unsuitable securities-backed line of credit recommendations and alleged violations of Reg BI stemming from her prior employment at Morgan Stanley Smith Barney.
Financial Advisor’s Career History
According to FINRA’s BrokerCheck report, Patricia P. Holder has worked in the securities industry since 1997. Her career includes long tenures at several major Wall Street firms before joining Insigneo in 2024.
Current firms (February 2024 – Present)
Insigneo Advisory Services, LLC – Investment adviser representative based in Miami, Florida (registered since February 23, 2024).
Insigneo Securities, LLC – General securities representative, also in Miami, Florida (registered since February 23, 2024).
Prior registrations and employment
Morgan Stanley, Miami, Florida – Registered broker from June 2009 to February 2024; also registered as an investment adviser representative of Morgan Stanley from August 2022 to February 2024.
Morgan Stanley Private Bank, National Association, New York, New York – Financial advisor from January 2015 to February 2024.
Citigroup Global Markets Inc., Miami, Florida – Registered representative from May 2002 to June 2009.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, New York, New York – Registered representative from October 1999 to May 2002.
Citicorp Investment Services, Long Island City, New York – Registered representative from August 1997 to July 1999.

Our firm is investigating Landolt Securities broker and investment adviser Jason Edward Seurer (CRD# 2541616) of Maple Plain, Minnesota for potential investment-related misconduct.
Financial Advisor’s Career History
Jason Edward Seurer has worked in the securities industry since the mid-1990s. According to his FINRA BrokerCheck report, he is currently registered as a broker with Landolt Securities, Inc. (CRD# 28352) and as an investment adviser representative with the same firm, operating out of a branch office in Maple Plain, Minnesota.
Seurer has been registered with Landolt Securities as a broker since November 2018 and as an investment adviser representative since February 2021. Before joining Landolt, he was associated with:
The Wealth Protection Group, LLC (investment adviser) in Maple Plain, Minnesota (2016–2021)
Feltl & Company (broker-dealer) in Wayzata, Minnesota (briefly in 2011)
Edward Jones (broker and investment adviser) in Milbank, South Dakota (1994–2011)

Our firm is investigating LPL Financial LLC broker and financial advisor Timothy Lee Connor (CRD# 2222028) of Redwood City, California for potential investment-related misconduct, including alleged unsuitable recommendations in real estate securities, variable annuities, and other alternative investments made while associated with prior firms.
Timothy Lee Connor’s Financial Advisor Career History
According to his FINRA BrokerCheck report, Timothy Lee Connor is currently registered as a General Securities Representative and Investment Adviser Representative with LPL Financial LLC (CRD# 6413) and works out of branch offices in Redwood City, California.
Connor has been registered with LPL Financial LLC since June 14, 2021. Before joining LPL, he spent roughly a decade with the First Allied platform, including First Allied Securities, Inc. (CRD# 32444) from October 2011 to June 2021 and First Allied Advisory Services, Inc. (CRD# 137888) from December 2011 to November 2020. Earlier in his career, he was registered with Transamerica Financial Advisors, Inc., Transamerica Capital, Inc., Wells Fargo Securities Inc., Equico Securities, Inc., and The Equitable Life Assurance Society of the United States, dating back to the early 1990s.
His reported employment history lists roles such as Financial Advisor at LPL Financial LLC (San Diego, CA), Investment Advisor Representative and Registered Representative with First Allied entities, and President of Connor Hastings, Inc. in Redwood Shores, California.

Our firm is investigating Morgan Stanley broker and financial advisor James Claude Britt (CRD# 4523267) of Vero Beach, Florida for potential investment-related misconduct.
Financial Advisor’s Career History
According to FINRA BrokerCheck, James Claude Britt has been in the securities industry since 2002. He is currently registered as a General Securities Representative and investment adviser representative with Morgan Stanley (CRD# 149777), working out of the firm’s Vero Beach, Florida branch at 3525 Ocean Drive. He has been registered with Morgan Stanley as a broker since September 8, 2010, and as an investment adviser since September 17, 2010.
Britt’s registration and employment history include:
Morgan Stanley, Vero Beach, FL – General Securities Representative and Investment Adviser Representative (2010–present).
Morgan Stanley Private Bank, National Association, New York, NY – Financial Advisor (2015–present).
UBS Financial Services Inc., Vero Beach, FL – Broker and investment adviser representative (2007–2010).
UST Securities Corp., Stamford, CT – Broker (2004–2007).
PNC Capital Markets, Inc., Pittsburgh, PA – Broker (2002–2003).

Gihan Anil Fernando (CRD# 4469669) is a financial advisor and stockbroker currently registered with Cetera Investment Advisers LLC and Cetera Investment Services LLC in Houston, Texas, and our firm is investigating customer complaints and regulatory findings involving his recommendations of non-traded real estate investment trusts (REITs) and other alternative investments.

Financial Advisor’s Career History
According to FINRA BrokerCheck, Fernando has been in the securities industry since 2002.
Current Firms (2024–Present) – Fernando is currently registered as an Investment Adviser Representative with Cetera Investment Advisers LLC (CRD# 105644) and as a General Securities Representative and Texas agent with Cetera Investment Services LLC (CRD# 15340). Both firms list his branch office at 5433 Westheimer Road, Suite 800, Houston, Texas 77056.
BOK Financial (2003–2023) – For roughly two decades, Fernando was dually registered with BOK Financial Advisors and BOK Financial Securities, Inc. (CRD# 17530) in Bellaire, Texas, where he held senior roles including Senior Vice President, Senior Financial Advisor.
Morgan Stanley (2002–2003) – He previously worked for Morgan Stanley and Morgan Stanley DW Inc. (CRD# 7556) in Houston, Texas and Purchase, New York early in his career.

Our firm is investigating Equitable Advisors broker Bryan Preston Lubitz (CRD# 4381244) of Melville, New York for potential investment-related misconduct involving alleged unsuitable trading, churning, unauthorized transactions, and other sales-practice violations in customer accounts.
Financial Advisor’s Career History
According to FINRA BrokerCheck, Bryan Preston Lubitz has worked in the securities industry since 2001. He first registered with Trident Partners Ltd. (CRD# 41258) in Woodbury, New York from July 2001 to June 2012, then moved to Newbridge Securities Corporation (CRD# 104065) in Syosset, New York from July 2012 to September 2015, and later joined Aegis Capital Corp. (CRD# 15007) in Melville, New York from August 2015 through December 2022. He has been registered as a broker with Equitable Advisors, LLC (CRD# 6627), working out of the firm’s Melville, New York branch office at 395 North Service Road, Suite 206, since December 20, 2022.

Our firm is investigating Ausdal Financial Partners, Inc. broker and investment adviser representative Wilfredo Raul Miranda (CRD# 3273284) of Oakbrook Terrace, Illinois for potential investment-related misconduct involving GWG L bonds and other illiquid real estate–related securities.

Financial Advisor’s Career History
According to FINRA BrokerCheck, Wilfredo Raul Miranda has worked in the securities industry since 2000. He is currently registered as a General Securities Representative and investment adviser representative with Ausdal Financial Partners, Inc. (CRD# 7995), based out of a branch office in Oakbrook Terrace, Illinois, and has been associated with the firm since July 2012.
Miranda is licensed in more than two dozen U.S. states and territories, including Illinois, Florida, Texas, California, and others, and has passed the Series 6, Series 7, SIE, Series 63, and Series 66 examinations.

His prior registrations include:

WMA Securities, Inc. (CRD# 32625) – Duluth, Georgia (2000)

United Securities Alliance, Inc. (CRD# 36487) – Greenwood Village, Colorado (2001–2003)
Moloney Securities Co., Inc. (CRD# 38535) – Manchester, Missouri and Bolingbrook, Illinois (2010–2012)

Our firm is investigating Raymond James & Associates, Inc. broker and investment adviser representative William Roy Bredt (CRD# 1621507) of West Conshohocken, Pennsylvania for potential investment-related misconduct involving alleged unsuitable private placement and REIT recommendations, misrepresentations of risks, and other sales-practice violations.
Financial Advisor’s Career History
William Roy Bredt has worked in the securities industry since the late 1980s. FINRA BrokerCheck shows that he is currently registered as a General Securities Representative and investment adviser representative with Raymond James & Associates, Inc. and is licensed across numerous self-regulatory organizations and more than forty U.S. states and territories.
According to his registration and employment history:
Raymond James & Associates, Inc. (CRD# 705) — Registered associate since approximately February 1999; currently based in West Conshohocken, Pennsylvania, with prior registration tied to the firm’s St. Petersburg, Florida office.
First Union Capital Markets Corp. (CRD# 6124) — Registered from August 1992 to March 1999 in Charlotte, North Carolina.
Herzog, Heine, Geduld, Inc. (CRD# 2186) — Registered from June 1987 to December 1989.