Aaron Sevigny, United Planners Lawsuit: New 2026 Investor Complaints Allege Fraud, RICO Violations, and Million-Dollar Losses
The White Law Group is investigating Aaron P. Sevigny, United Planners Financial Services of America, and related entities following new investor complaints filed in January 2026 alleging serious misconduct, including fraud, breach of fiduciary duty, and violations of federal securities laws. If you have suffered losses, The White Law Group may be able to help you through FINRA arbitration.
These newly filed disputes—seeking over $3 million in combined damages—come amid an already pending investor lawsuit accusing Sevigny and United Planners of recommending unsuitable, high-risk alternative investments to retirees and conservative investors.
According to the most recent filings:
- January 20, 2026 Complaint (Pending)
Investors allege violations of the Securities Exchange Act of 1934, including Section 10(b) and Rule 10b-5, along with RICO violations, conspiracy, common-law fraud, breach of fiduciary duty, and negligence.
Damages requested: $2,000,000 - January 6, 2026 Complaint (Pending)
Allegations include breach of contract, fraud, misrepresentation/omission, violations of state securities laws, negligence, and unjust enrichment, as well as control person liability claims.
Damages requested: $1,000,000
Aaron Sevigny Lawsuit : Alleged Scheme Involving Alternative Investments
A lawsuit, filed in U.S. District Court in New Jersey, reportedly names Sevigny; his firm, Acadia Wealth Management; his wife; his late father-in-law’s estate; and United Planners, among others.
The plaintiff alleges losses of approximately $2 million, citing principal erosion, opportunity costs, excessive fees, tax liabilities, and penalties. The complaint asserts that other similarly situated investors suffered comparable harm.
According to the lawsuit, the defendants marketed themselves as trusted fiduciaries specializing in retirement planning while allegedly directing clients into speculative alternative investments driven by exorbitant commissions and undisclosed conflicts of interest.
Allegations of Unsuitable Recommendations and GPB Capital
Among the investments listed in the complaint are private placements issued by GPB Capital Holdings, which the U.S. Securities and Exchange Commission charged in 2021 as a $1.8 billion Ponzi-like scheme.
The lawsuit alleges that:
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Retirees and conservative investors were solicited to purchase illiquid, high-risk private placements
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United Planners allegedly received notice of GPB’s failure to file audited financial statements in 2018 and 2019
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Despite these red flags, the firm allegedly failed to restrict or adequately supervise Sevigny’s sales of GPB investments
These allegations raise serious questions about broker supervision, due diligence, and compliance with FINRA’s suitability and supervisory rules.
United Planners’ Alleged Supervisory Failures
The complaint contends that United Planners failed to adequately supervise Sevigny despite:
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Prior customer disputes on his record
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Industry-wide warnings about alternative investments
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United Planners’ own history of regulatory sanctions and restitution orders
Broker-dealers have a duty under FINRA Rule 3110 to establish and maintain supervisory systems reasonably designed to ensure compliance with securities laws and FINRA rules. Failure to do so can expose firms to liability when investors are harmed.
BrokerCheck Snapshot: Aaron Sevigny
According to FINRA BrokerCheck records:
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Name: Aaron P. Sevigny
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Experience: 22 years in the securities industry
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Current Firm: United Planners Financial Services of America (since 2006)
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Registrations: Broker and Investment Adviser
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Disclosures:
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Five customer complaints filed in 2021.
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Sevigny holds registrations in more than 30 states, including Florida, California, New York, Illinois, and Texas.
Why Alternative Investments Pose Elevated Risks for Retirees
Private placements and other alternative investments often involve:
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Illiquidity (limited or no secondary market)
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High commissions and selling incentives
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Complex structures that are difficult for investors to evaluate
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Significant tax consequences and penalties
For retirees and conservative investors seeking income preservation and capital stability, these products may be wholly unsuitable when compared to traditional investments.
Legal Options for Investors: FINRA Arbitration and Securities Claims
Investors who suffered losses due to unsuitable recommendations or supervisory failures may be able to pursue recovery through FINRA arbitration, rather than joining a class action.
FINRA arbitration can allow investors to seek:
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Compensatory damages
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Interest and costs
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Attorneys’ fees in certain cases
Claims may be brought against the individual broker, the supervising broker-dealer, or both.
How The White Law Group Can Help
The White Law Group is a national securities fraud and FINRA arbitration law firm representing investors harmed by broker misconduct, unsuitable alternative investments, and supervisory failures.
If you or a loved one invested in GPB Capital or other high-risk alternative investments through United Planners or Aaron Sevigny and suffered losses, you may have legal options.
For a free, confidential consultation with a securities attorney, call The White Law Group at 888-637-5510.
Frequently Asked Questions (FAQs)
Can investors file claims against United Planners for unsuitable investments?
Yes. Investors may be able to pursue claims against United Planners Financial Services of America if the firm failed to properly supervise its broker or allowed unsuitable, high-risk investment recommendations. Broker-dealers are responsible under FINRA rules for monitoring advisor conduct and addressing red flags.
Why are alternative investments often unsuitable for retirees?
Alternative investments such as private placements are typically illiquid, complex, and commission-driven. For retirees and conservative investors, these products can expose investors to significant losses, limited access to funds, and unexpected tax consequences—making them inappropriate for many retirement portfolios.
What is FINRA arbitration and how can it help investors recover losses?
FINRA arbitration is the primary method for resolving disputes between investors and brokerage firms. It is generally faster than court litigation and allows investors to seek compensation for losses caused by unsuitable recommendations, misrepresentations, or supervisory failures.
