Vincent Camarda Lawsuit Investigation: SEC Charges, Investor Complaints & Recovery Options
The White Law Group is investigating potential securities claims involving investment adviser Vincent Jerome Camarda (CRD#: 2463703), his former association with AG Morgan and IBN Financial Services, Inc., and his involvement in alleged securities violations.
If you suffered losses investing with Camarda or his firms, you may be able to pursue claims for recovery.
New FINRA Arbitration Award – August 2025
On August 27, 2025, a FINRA arbitration panel reportedly ordered A.G. Morgan Financial Advisors, Vincent J. Camarda, and James E. McArthur to pay more than $3.1 million to client James Conway after allegations of unsuitable investment recommendations.
The case allegedly included claims of:
- Gross negligence
- Misrepresentations and omissions
- Violations of FINRA rules and securities laws
- Failure to act in the client’s best interest
The panel purportedly found that Camarda and McArthur engaged in delay tactics during discovery, failing to comply with a July 2025 order to produce documents. As a result, the panel reportedly imposed an additional $20,000 in sanctions.
The award reportedly included:
- $1.3 million in compensatory damages
- $1.3 million in punitive damages for civil theft and unfair trade practices
- Additional attorney fees and costs, bringing the total to more than $3.1 million
This is reportedly the third adverse FINRA decision against Camarda and McArthur in August 2025. Earlier in the month, two clients were awarded $2.5 million, and another two clients were awarded $336,248 in damages.
Vincent Camarda and the SEC Par Funding Charges
In 2022, the U.S. Securities and Exchange Commission (SEC) charged Vincent Camarda, AG Morgan Financial Advisors, and former Chief Compliance Officer James Edward McArthur with multiple securities violations.
The SEC’s complaint alleged that Camarda and his firm:
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Unlawfully offered and sold securities tied to an over $500 million fraudulent unregistered offering affiliated with Complete Business Solutions Group, Inc. d/b/a Par Funding.
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Raised more than $75 million from investors in connection with the alleged scheme.
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Purportedly earned over $7 million in compensation through the sales.
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Sold investments such as AGM Fund I and AGM Fund II, which promised unrealistically high returns and were never approved by the broker-dealer they were registered with.
This type of misconduct is commonly referred to as “selling away,” a serious violation in which a financial advisor sells securities that have not been properly vetted or approved by their brokerage firm.
The SEC had previously charged Par Funding and related individuals with operating a massive fraudulent scheme that raised hundreds of millions of dollars from unsuspecting investors.
Multiple Customer Disputes Filed Against Vincent Camarda
In addition to the SEC charges, FINRA BrokerCheck reports 23 disclosure events for Camarda as of May 2025. These include numerous pending customer disputes alleging misconduct such as negligence, breach of fiduciary duty, and misrepresentation.
Examples of pending claims include:
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January 2025: A $99,000 claim alleging negligence, breach of contract, and aiding and abetting fraud.
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December 2024: A $4 million claim alleging breach of fiduciary duty, negligence, gross negligence, and material omissions.
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November 2024: A $3.6 million FINRA arbitration claim alleging failure to supervise and negligence.
Employment History: Vincent Camarda
According to FINRA and the SEC, Camarda’s industry history spans more than 27 years, with registrations at several firms, including:
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IBN Financial Services, Inc. (2021–2022)
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American Portfolios Financial Services, Inc. (2019–2020)
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LPL Financial LLC (2014–2018)
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SagePoint Financial, Inc. (2009–2014)
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SunAmerica Securities, Inc. (2005)
He was reportedly separated from IBN Financial in June 2022 following allegations of misconduct.
Investor Recovery: Can You Sue Vincent Camarda or His Firms?
Investors may have several avenues to recover losses tied to Camarda’s alleged misconduct:
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FINRA Arbitration Claims – Investors may pursue claims against IBN Financial Services, AG Morgan Financial Advisors, or other firms that failed to supervise him.
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Securities Fraud Lawsuits – Allegations of selling away, breach of fiduciary duty, and negligence may form the basis of a recovery claim.
Broker-dealers are obligated to supervise their representatives and prevent the sale of unapproved or fraudulent investments. When they fail, they may be held financially responsible for investor losses.
Contact Us About a Vincent Camarda Lawsuit
If you invested with Vincent Camarda, AG Morgan Financial Advisors, or in offerings such as AGM Fund I or AGM Fund II, and believe you suffered losses, call The White Law Group at (888) 637-5510 for a free consultation.
You can also visit www.whitesecuritieslaw.com
Frequently Asked Questions (FAQs)
1. What are the SEC charges against Vincent Camarda?
In 2022, the SEC accused Camarda, AG Morgan Financial Advisors, and its CCO of unlawfully selling securities tied to the Par Funding scheme, raising over $75 million from investors while earning more than $7 million in compensation.
2. What is “selling away” in securities law?
Selling away occurs when a broker sells securities that are not approved by their broker-dealer. This violates securities laws and often exposes investors to fraudulent or risky investments.
3. Can I recover losses from Vincent Camarda or IBN Financial Services?
Possibly. If you suffered losses due to Camarda’s misconduct, you may be able to pursue a FINRA arbitration claim or lawsuit against his former firms for failure to supervise.
4. How much money is involved in the Vincent Camarda lawsuits?
Several pending arbitration claims seek millions in damages, including a $4 million claim in December 2024 and a $3.6 million claim in November 2024.
