A.G. Morgan Financial Advisors Hit With $9.5 Million FINRA Arbitration Award: What Investors Should Know
A recent FINRA arbitration award has ordered A.G. Morgan Financial Advisors, a Long Island–based registered investment advisory firm, and its principals to pay nearly $9.5 million to a group of investors. The decision adds to a growing list of arbitration losses and regulatory scrutiny involving the firm and related investment offerings.
According to the published arbitration award, the claims involved allegations of breach of fiduciary duty, failure to supervise, negligence, and breach of contract tied to multiple securities investments.
If you have suffered losses through A.G. Morgan Financial Advisors you may have recovery options.
FINRA Arbitration Panel Awards Nearly $9.5 Million Against A.G. Morgan Financial Advisors
A panel convened by the Financial Industry Regulatory Authority awarded approximately $9.5 million in damages to 16 investors who filed claims against:
- A.G. Morgan Financial Advisors
- CEO Vincent Camarda
- President and Chief Compliance Officer James McArthur
The investors filed their arbitration claim in 2024, asserting that the respondents failed in their supervisory and fiduciary responsibilities in connection with various securities investments.
Two broker-dealers that had prior alignment with the RIA — IBN Financial Services and Momentix Capital — were initially named but later dropped from the case.
Default Decision After Failure to Appear
According to the arbitration decision, A.G. Morgan Financial Advisors and its principals defaulted after failing to appear for a required discovery conference. After their nonappearance, the claimants moved for entry of a final award based on documented damages calculations.
The FINRA panel ultimately ordered:
- Roughly $9.4 million in compensatory damages against A.G. Morgan and one principal, jointly and severally, plus interest
- An additional $66,183 in compensatory damages against A.G. Morgan and another principal, jointly and severally, plus interest
- Filing and forum-related fees
Nearly all claimants recovered damages in the award.
History of Prior Arbitration Awards and Regulatory Actions
This is not the first large arbitration award involving A.G. Morgan Financial Advisors and its leadership. Public records reflect multiple prior investor arbitration cases resulting in multi-million-dollar awards tied to private investment offerings and promissory note programs.
In addition, the firm and its principals have been named in a civil enforcement action brought by the U.S. Securities and Exchange Commission, alleging that more than $75 million was raised from over 200 investors in connection with an unregistered securities offering during a multi-year period. Regulators alleged that millions in compensation were earned in connection with those offerings.
Why Supervision and Fiduciary Duties Matter for Investors
Registered investment advisers generally owe clients a fiduciary duty, which includes obligations of care and loyalty. That duty typically requires advisers to:
- Act in the client’s best interest
- Avoid or properly disclose conflicts of interest
- Conduct reasonable due diligence on investments
- Maintain effective compliance and supervisory systems
When supervision systems break down or conflicts are not properly managed, investors may be exposed to unsuitable or high-risk private investments that do not match their objectives or risk tolerance.
Investor Recovery Options After A.G. Morgan Losses
Investors who experienced losses in private placements, promissory notes, or other alternative investments recommended through A.G. Morgan Financial Advisors or affiliated channels may have recovery options through FINRA arbitration or other legal avenues.
Potential claims may include:
- Failure to supervise
- Unsuitable investment recommendations
- Misrepresentations or omissions
- Breach of fiduciary duty
- Private placement due diligence failures
You can also reference our related background post on Vincent Camarda for additional context on prior allegations and investment programs associated with the firm.
The White Law Group – Free Consultation
With offices in Chicago and Seattle, The White Law Group represents investors in claims against their brokerage firms throughout the country. For a free consultation please call 888-637-5510.
FAQs — A.G. Morgan Financial Advisors Arbitration and Investor Claims
What was the recent FINRA arbitration award against A.G. Morgan Financial Advisors?
A FINRA arbitration panel awarded nearly $9.5 million to a group of investors who brought claims alleging breach of fiduciary duty, negligence, failure to supervise, and related violations connected to certain securities investments.
What types of investments were involved in A.G. Morgan investor complaints?
Public arbitration records and regulatory filings indicate that disputes have involved private offerings and other alternative investments, including private funds and promissory note–style investments tied to affiliated entities.
Can investors still file claims related to A.G. Morgan Financial Advisors?
Possibly. Eligibility depends on timing, the specific investment, and the facts of each case. Many investment disputes are resolved through FINRA arbitration, which has filing deadlines. Investors concerned about A.G. Morgan Financial Advisors losses typically should have their accounts and documents reviewed promptly to determine available options.
Last modified: January 30, 2026
