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.
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Latest Update: Over $7 Million Awarded to Investors in Recent FINRA Cases (Nov. 2025)
According to Investment News (Nov. 26, 2025), FINRA arbitration panels have ordered A.G. Morgan Financial Advisors, Vincent Camarda, and James E. McArthur to pay more than $7 million in damages and costs across four recent cases.
Key findings reported:
- At least seven clients were awarded a combined $7+ million in losses tied to risky, unsuitable investments.
- Both Camarda (CEO) and McArthur (CCO) were suspended indefinitely by FINRA in October 2025 after failing to pay the judgments.
- The A.G. Morgan office in Massapequa is reportedly abandoned, with signs removed and furniture emptied.
- Camarda’s office building and personal residence are both in foreclosure, according to New York court filings.
- 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:
- IBN Financial Services
- Traderfield Securities
- American Portfolios
Background: Previous FINRA Award (August 2025)
On August 27, 2025, a FINRA arbitration panel ordered A.G. Morgan, Vincent Camarda, and McArthur to pay more than $3.1 million to client James Conway.
Claims Included:
- Unsuitable investment recommendations
- Gross negligence
- Misrepresentation and omissions
- Violations of FINRA rules
- Failure to act in a client’s best interest
The panel also sanctioned the respondents with a $20,000 fine for failure to comply with discovery orders.
This award followed two earlier August 2025 decisions totaling:
- $2.5 million to two clients
- $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:
- Participated in the sale of unregistered securities tied to the Par Funding scheme (a $500+ million offering).
- Raised more than $75 million from over 200 investors.
- Earned over $7 million in compensation.
- Offered products (such as AGM Fund I and II) that were never approved by the broker-dealer with which they were registered.
- 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.
Lawsuit Investigation: Complaints and FINRA Arbitration
Investors who place their trust in financial professionals expect transparency, suitable recommendations, and honest disclosures. When those expectations are not met, the consequences can be severe – particularly for retirees or individuals relying on investment income to support long-term financial stability.
The White Law Group is reviewing claims involving a former investment adviser and related brokerage firms following regulators’ and arbitration panels’ serious concerns about investor harm, supervisory failures, and misconduct. These matters involve allegations of unsuitable investment recommendations, misrepresentations, and conduct that has resulted in substantial investor losses.
According to publicly available reporting and regulatory records, multiple customers have pursued arbitration claims after learning that investments recommended to them carried significantly more risk than disclosed.
Background of Investor Complaints and Arbitration Awards
Recent FINRA arbitration decisions highlight the scope of losses suffered by affected investors. Arbitration panels reportedly awarded more than $7 million in damages and costs to multiple clients across several cases in late 2025. These awards were tied to allegations that investors were steered into speculative or illiquid products that were inconsistent with their financial objectives.
In addition to monetary damages, FINRA records indicate that disciplinary actions were imposed after awards went unpaid. When arbitration awards remain unsatisfied, it often raises concerns about a firm’s financial condition and the availability of recovery directly from the respondent.
As a result, many investors may need to explore claims against prior supervising firms that had a legal duty to oversee the adviser’s conduct and ensure compliance with FINRA rules.
Regulatory Scrutiny and SEC Charges
Federal regulators have also taken action. In 2022, the Securities and Exchange Commission announced SEC charges against individuals and entities involved in the sale of unregistered securities and misleading investment offerings. These SEC charges allege that investors were sold products that were not properly approved, disclosed, or supervised.
According to the SEC’s complaint, more than $75 million was raised from hundreds of investors, with significant compensation paid to sales agents and affiliated firms. The charges further allege that investors were not informed of key conflicts of interest, including financial arrangements that could have influenced recommendations.
When the SEC files charges, they often signal broader compliance failures that extend beyond a single firm. These enforcement actions usually run in parallel with FINRA arbitration claims and can strengthen investor recovery efforts.
Criminal Investigations and Wire Fraud Allegations
In addition to civil enforcement, federal prosecutors have pursued criminal cases related to the same investment activity. Court filings reference allegations of wire fraud charges, which typically involve the use of interstate communications, such as emails, phone calls, or electronic transfers, to carry out deceptive practices.
Wire fraud charges often accompany securities-related offenses when prosecutors believe false statements or omissions were intentionally transmitted to investors. These allegations may include misleading marketing materials, fabricated account statements, or assurances of safety unsupported by facts.
While criminal proceedings focus on punishment rather than compensation, findings in wire fraud cases can provide critical evidence for investors pursuing civil claims. Documentation uncovered during criminal investigations often plays a key role in arbitration and litigation.
Supervisory Failures at Brokerage Firms
FINRA rules require brokerage firms to supervise their representatives, conduct reasonable investigations of investment products, and ensure recommendations are suitable for each client. When those obligations are ignored, firms may be held liable for resulting losses.
Examples include:
- Allowing representatives to recommend unapproved products
- Failing to monitor outside business activities
- Ignoring red flags raised by customer complaints
- Not verifying claims made in marketing materials
Vincent Camarda Complaints: FINRA Disclosure History
As of mid-2025, Camarda reportedly has:
- 27 customer disputes
- Claims totaling more than $25 million
- Allegations including:
- Negligence
- Breach of fiduciary duty
- Failure to supervise
- Misrepresentation
- “Selling away” unapproved investments
More claims continue to be filed.
Vincent Camarda Employment History Relevant to Investor Claims
FINRA records show that Vincent Camarda was registered for over 27 years with the following broker-dealers, among others:
- IBN Financial Services, Inc. (2021–2022) – separated for alleged misconduct
- American Portfolios Financial Services (2019–2020)
- LPL Financial LLC (2014–2018)
- 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 that can be held responsible for the actions of their representatives.
- Any firm that failed to supervise Camarda’s outside investment sales
2. Securities Fraud Litigation
Claims may include:
- Selling unregistered securities
- Misrepresentation/omission of material facts
- Breach of fiduciary duty
- Unsuitable recommendations
- 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.
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 shuts 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 Vincent 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: February 5, 2026
