Our firm is investigating Cetera Investment Services LLC financial advisor Steven Lovell (CRD# 5975704) of Upper Arlington, Ohio for potential investment-related misconduct.
Financial Advisor’s Career History
Steven Lovell has worked in the securities industry since at least 2011 and has been registered with multiple firms, including:
Cetera Investment Services LLC (Upper Arlington, Ohio) — Registered Representative (10/2024–Present)
Cetera Investment Advisers LLC (Upper Arlington, Ohio) — Investment Adviser Representative (10/2024–Present)
First Merchants Investment Services (Upper Arlington, Ohio) — Registered Representative (10/2024–Present)
Morgan Stanley / Morgan Stanley Smith Barney LLC (Dublin, Ohio; also reported New York, New York) — Financial Advisor (09/2022–10/2024)
Key Investment Services LLC (Columbus, Ohio; also reported Anderson, Indiana) — Financial Advisor / Registered Representative (06/2012–09/2022)
PNC Investments (Columbus, Ohio) — Registered (10/2011–05/2012)

Elijah Goble (CRD# 6760147) is a financial advisor and registered representative of Citigroup Global Markets Inc. in Costa Mesa, California, and our firm is reviewing his FINRA-reported customer disputes for potential investment-related misconduct.
Financial Advisor’s Career History
According to FINRA BrokerCheck, Elijah Goble has been registered with Citigroup Global Markets Inc. since March 26, 2018, operating through Citi Retail Banking in Southern California. Prior to Citi, he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated from April 2017 to March 2018 (including as an investment adviser representative from June 2017 to March 2018), and he also reported employment at Bank of America, N.A. as a financial advisor from August 2017 to March 2018.

Our firm is investigating Emerson Equity LLC financial advisor Ryan Finch (CRD# 6379871) of Greenwood Village, Colorado for potential investment-related misconduct.
Financial Advisor’s Career History
Based on publicly available registration information, Ryan Finch’s securities industry history includes:
Emerson Equity LLC (CRD# 130032) — Registered Representative/Investment Adviser Representative (registered since April 2020 / May 2020, respectively); branch office listed in Greenwood Village, Colorado.
Colorado Financial Service Corporation (CRD# 104343) — Registered Representative (September 2017–April 2020) and Investment Adviser Representative (February 2018–April 2020) in the Centennial/Greenwood Village, Colorado area.
CoBiz Wealth (CRD# 125910) — Investment Adviser Representative (September 2014–March 2017) in Denver, Colorado.

Our firm is investigating Edward Jones financial advisor Robert Val Lybbert (CRD# 7451138) of Issaquah, Washington for potential investment-related misconduct.

Financial Advisor’s Career History
Based on FINRA BrokerCheck, Robert Val Lybbert has been registered in the securities industry since 2021 and is currently registered with Edward Jones.
His reported registration/employment history includes:
Edward Jones (CRD# 250) — Financial Advisor (07/2025–Present); branch listed in Issaquah, Washington
Elite Wealth Management, Inc. (CRD# 132122) — Investment Adviser Representative (10/2021–07/2025)
Lattice Capital Management LLC (CRD# 141860) — Investment Adviser Representative (10/2021–07/2022; 11/2023–01/2024)

Our firm is investigating Concorde Investment Services, LLC financial advisor Ehud N. Gersten (CRD# 7066119) of Ann Arbor, Michigan for potential investment-related misconduct.

Financial Advisor’s Career History

BrokerCheck reflects that Ehud N. Gersten has been registered with Concorde Investment Services, LLC since August 19, 2025, and has prior registrations with multiple broker-dealers and investment advisers.

Reported securities industry registration history (selected):

LightPath Capital, Inc. (B) — 03/2019 to 08/2019

Stax Capital (B) — 08/2019 to 02/2020

WealthForge Securities, LLC (B) — 02/2020 to 07/2020

Growth Capital Services, Inc. (B) — 07/2020 to 02/2021

Emerson Equity LLC (B) — 03/2021 to 07/2023

Arkadios Capital (B) — 07/2023 to 03/2025

Realta Equities, Inc. (B) — 03/2025 to 08/2025

Concorde Investment Services, LLC (B) — 08/2025 to Present

Our firm is investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated financial advisor Alexandre Maltez (CRD# 6506116) of Winter Springs, Florida for potential investment-related misconduct.

Financial Advisor’s Career History

According to his FINRA registration and employment history, Alexandre Maltez has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated since October 2022 and previously was registered with firms including Newbridge Financial Services Group/Newbridge Securities (2019–2022), CoreCap (2018–2019), USA Financial Securities (2017–2018), and United Planners’ Financial Services (2015–2016).

Our firm is investigating Edward Jones financial advisor Andrew Steven Hall (CRD# 6133048) of Cheraw, South Carolina for potential investment-related misconduct.

Financial Advisor’s Career History

According to his FINRA BrokerCheck report, Andrew Steven Hall has been registered in the securities industry since at least 2012 and is currently registered with Edward Jones. His disclosed registration/employment history includes:

Edward Jones (Financial Advisor) — 11/2016 to Present (branch: Cheraw, SC)

Centaurus Financial, Inc. (Registered Representative) — 05/2015 to 11/2016

J.P. Turner & Company, L.L.C. — 12/2012 to 06/2015

Our firm is investigating Wells Fargo Clearing Services, LLC financial advisor Simon Ga Jeung Leung (CRD# 5795988) of Woodstock, Georgia for potential investment-related misconduct.

Financial Advisor’s Career History

According to his FINRA BrokerCheck report, Simon Ga Jeung Leung’s securities-industry registration history includes:

Chase Investment Services Corp. (07/2010 – 10/2010) (Alpharetta, GA)

Chase Investment Services Corp. (05/2012 – 10/2012) (Alpharetta, GA)

J.P. Morgan Securities LLC (10/2012 – 11/2014) (Woodstock, GA)

Wells Fargo Advisors, LLC (11/2014 – 11/2016) (Woodstock, GA)

Wells Fargo Clearing Services, LLC (11/2016 – Present) (Woodstock, GA)

His reported employment history also reflects Wells Fargo Bank, N.A. (11/2014 – Present) (Woodstock, GA).

Our firm is investigating Arkadios Capital financial advisor Jason Douglas Stone (CRD# 5455271) of Orange, California for potential investment-related misconduct.

Financial Advisor’s Career History

According to BrokerCheck, Jason Douglas Stone’s registration and employment history includes:

Ameriprise Financial Services, Inc. (B/IA) — Long Beach, CA (01/2008–08/2013)

J.W. Cole Financial, Inc. (B) — Orange, CA (08/2013–12/2014)

J. W. Cole Advisors, Inc. (IA) — Orange, CA (01/2014–12/2014)

Crown Capital Securities, L.P. (B/IA) — Orange, CA (01/2015–03/2024; IA listed 09/2015–03/2024)

Stone Hatcher Financial (IA) — Anaheim, CA (04/2018–06/2019)

Arkadios Capital (B) — Registered Representative (03/2024–Present)

BrokerCheck also reflects investment-related “other business” activity tied

Our firm is investigating Kalos Capital, Inc. registered representative and investment adviser representative Thomas Michael Rauchegger (CRD# 5156496) of Alpharetta, Georgia for potential investment-related misconduct.

Financial Advisor’s Career History

FINRA BrokerCheck reflects that Rauchegger is not currently registered, and that he was previously registered with Kalos Capital, Inc. from January 2012 through October 2022 (branch listed as Maitland, Florida).

Within the last 10 years of employment history reported on Form U4, BrokerCheck lists:

Kalos Management, Inc. — Investment Adviser Representative (reported as 02/2013–Present) in Alpharetta, GA

Kalos Capital, Inc. — Registered Representative (reported as 12/2011–Present) in Alpharetta, GA

Cramer & Rauchegger, Inc. — Vice President (reported as 05/2006–Present) in Maitland, FL

BrokerCheck also lists outside business activities including Cramer & Rauchegger (life i