The White Law Group Files FINRA Claim Alleging Unsuitable Private Placements by Broker Vincent Camarda, Traderfield Securities & IBN Securities
St. Petersburg, Florida — The White Law Group, a nationally-recognized securities investor protection law firm, announced today that it has filed a Financial Industry Regulatory Authority (“FINRA”) claim on behalf of a Florida-retired couple who allege they were steered into illiquid, high-risk private placement investments by their broker, Vincent J. Camarda (CRD #2463703), and his associated broker-dealers, Traderfield Securities, Inc. and IBN Financial Services, Inc. The damage amount requested is between $500,000 and $1,000,000.
The claimants allege that beginning with recommendations in or around 2019, Camarda placed the couple into private placements of the funds AGM Capital Fund I and Windsor Capital Fund II. These were illiquid, speculative investments that the claimants allege were unsuitable for their retirement portfolio.
Vincent Camarda’s Regulatory History
Camarda has a long regulatory history. His FINRA BrokerCheck report lists at least twenty-seven (27) customer complaints and multiple disclosure events alleging violations of FINRA Rules 2010 (Standards of Commercial Honor and Principles of Trade), 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices), 2111 (Suitability), and 3280 (Private Securities Transactions).
The complaints include allegations of breach of fiduciary duty, selling away, failure to supervise, negligence and gross negligence, fraudulent concealment, and misrepresentations and omissions.
FINRA has indefinitely suspended Camarda as of October 2nd, 2025: “Respondent Camarda failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.”
In June 2022, the U.S. Securities and Exchange Commission (SEC) filed civil charges against Camarda and his investment advisory firm, A.G. Morgan Financial Advisors, LLC (AGM), alleging that they offered and sold unregistered securities in connection with a purported $500 million unregistered offering.
Key Allegations against Traderfield Securities and IBN Financial Services
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Camarda recommended AGM Capital Fund I and Windsor Capital Fund II despite the couple’s risk profile as retirees seeking preservation and moderate growth; the claim asserts these were high-risk, illiquid private placements ill-suited for the couple.
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The claim asserts that Traderfield Securities and IBN Financial Services failed to adequately supervise Camarda’s recommendations and private placement activity, exposing the couple to outsized risk.
Statement from The White Law Group
“Retirees should not be placed into exotic, illiquid private placements under the guise of portfolio growth,” said Dax White, founder of The White Law Group. “When a broker steers a conservative couple into speculative private funds like AGM Capital Fund I and Windsor Capital Fund II, and the firms trading beneath him fail to intervene, that raises serious questions of suitability, supervision and whether the couple’s best interests were placed first.”
Help for Investors
The claim has been submitted to FINRA’s dispute resolution forum and is currently pending. The White Law Group welcomes inquiries from other investors who may have purchased AGM Capital Fund I, Windsor Capital Fund II, or other private offerings through Vincent Camarda and the associated firms. If you have suffered losses with Vincent Camarda and Traderfield Securities or IBN Financial, the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510.
About The White Law Group
The White Law Group is a law firm focused on securities fraud and investment disputes. We represent retail investors nationwide in claims involving broker-dealer misconduct, FINRA arbitration, SEC investigations and regulatory sanctions.
Last modified: November 6, 2025