Vincent Camarda Lawsuit Investigation: Complaints, FINRA Awards & Investor Recovery Options
The White Law Group is investigating potential claims involving investment adviser Vincent Jerome Camarda (CRD #2463703), including allegations of unsuitable investment recommendations, misrepresentation, and selling away during his time at IBN Financial Services, Traderfield, and other broker-dealers.
Recent reporting indicates that Camarda and A.G. Morgan Financial Advisors — his former RIA — have lost multiple FINRA arbitration cases and face millions in unpaid awards, increasing the likelihood that investors will need to pursue claims against his other supervising firms.
Latest Update: Over $7 Million Awarded to Investors in Recent FINRA Cases (Nov. 2025)
According to reporting by Investment News (Nov. 26, 2025), FINRA arbitration panels have reportedly ordered A.G. Morgan Financial Advisors, Vincent J. Camarda, and James E. McArthur to pay more than $7 million in damages and costs across four recent cases.
Key findings reported:
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At least seven clients were awarded a combined $7+ million for losses tied to risky and unsuitable investments.
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Both Camarda (CEO) and McArthur (CCO) were suspended indefinitely by FINRA in October 2025 after failing to pay the judgments.
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The A.G. Morgan office in Massapequa is reportedly abandoned, with signs removed and furniture emptied.
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Camarda’s office building and personal residence are both in foreclosure, according to New York court filings.
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From April 2024–July 2025, FINRA logged 27 customer complaints against Camarda (totaling $25.4 million) and 17 against McArthur ($23.1 million).
It is unclear whether A.G. Morgan has the financial resources to satisfy these awards. As such, investors may need to seek recovery from prior broker-dealers that had a duty to supervise Camarda. Camarda was previously registered with:
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IBN Financial Services
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Traderfield Securities
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American Portfolios
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Background: Previous FINRA Award (August 2025)
On August 27, 2025, a FINRA arbitration panel ordered A.G. Morgan, Camarda, and McArthur to pay more than $3.1 million to client James Conway.
Claims included:
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Unsuitable investment recommendations
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Gross negligence
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Misrepresentation and omissions
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Violations of FINRA rules
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Failure to act in client’s best interest
The panel also sanctioned the respondents $20,000 for failure to comply with discovery orders.
This award followed two earlier August 2025 decisions totaling:
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$2.5 million to two clients
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$336,248 to two additional clients
SEC Charges Related to Par Funding (2022)
The SEC charged Vincent Camarda, A.G. Morgan Financial Advisors, and James McArthur in July 2022, alleging they:
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Participated in the sale of unregistered securities tied to the Par Funding scheme (a $500+ million offering).
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Raised more than $75 million from over 200 investors.
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Earned over $7 million in compensation.
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Offered products (such as AGM Fund I and II) that were never approved by the broker-dealer they were registered with.
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Failed to disclose that A.G. Morgan had borrowed — and not repaid — approximately $750,000 from Par Funding.
This conduct is commonly associated with selling away, a major supervisory failure.
Vincent Camarda Complaints: FINRA Disclosure History
As of mid-2025, Camarda reportedly has:
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27 customer disputes
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Claims totaling more than $25 million
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Allegations including:
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Negligence
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Breach of fiduciary duty
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Failure to supervise
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Misrepresentation
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“Selling away” unapproved investments
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More claims continue to be filed.
Vincent Camarda Employment History Relevant to Investor Claims
FINRA records show that Camarda was registered over 27 years with the following broker-dealers among others:
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IBN Financial Services, Inc. (2021–2022) – separated for alleged misconduct
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American Portfolios Financial Services (2019–2020)
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LPL Financial LLC (2014–2018)
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SagePoint Financial, Inc. (2009–2014)
Investor Recovery Options: Can You Sue Vincent Camarda or His Former Firms?
Yes. Investors may pursue recovery through:
1. FINRA Arbitration
Claims may be filed against FINRA-registered firms can be held responsible for the actions of their representatives.
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Any firm that failed to supervise Camarda’s outside investment sales
2. Securities Fraud Litigation
Claims may include:
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Selling unregistered securities
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Misrepresentation / omission of material facts
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Breach of fiduciary duty
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Unsuitable recommendations
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Negligent supervision
Contact Us About a Vincent Camarda Lawsuit
If you invested with Vincent Camarda, AG Morgan Financial Advisors, IBN Financial Services, or in any offerings he recommended, call The White Law Group at (888) 637-5510 for a free case evaluation.
Or visit: www.whitesecuritieslaw.com
Frequently Asked Questions (FAQs)
1. What new actions have been taken against Vincent Camarda in 2025?
FINRA arbitration panels awarded over $7 million to multiple investors, and Camarda was suspended indefinitely for failing to pay the awards. His business and home are also reportedly in foreclosure.
2. Can I still recover losses if A.G. Morgan shut down?
Yes. Claims may be pursued against IBN Financial, Traderfield, or other firms that supervised Camarda.
3. What types of claims are being filed against Camarda?
Common allegations include negligence, breach of fiduciary duty, unsuitable recommendations, selling away, and failure to supervise.
4. What are the SEC Par Funding allegations?
The SEC alleges Camarda helped raise $75+ million for an unregistered, fraudulent offering tied to Par Funding while earning over $7 million in compensation.
Last modified: November 26, 2025
