Vincent Jerome Camarda, an investment adviser and former broker, has faced serious allegations of misconduct throughout his career. While he held key financial credentials and worked for multiple firms, his record includes customer complaints, SEC actions, and legal disputes that raise concerns for investors. This article examines his professional history, the nature of the allegations against him, and what investors should know.
If you or someone you know has suffered significant investment losses working with Vincent Camarda or another investment adviser, don’t hesitate to reach out to Meyer Wilson today. Our attorneys are experienced in investment adviser and broker misconduct cases and will help to guide you through the process with a free consultation.
Vincent Camarda’s Career and Industry Background
Professional History And Where Allegations Occurred
Vincent Camarda (CRD#: 2463703) spent decades in the securities industry, but his career has been marred by a history of customer complaints and regulatory concerns. Over the years, his affiliations with various firms have coincided with allegations of misconduct and unsuitable investment practices. His tenure included roles at firms such as:
-
American Express Financial Advisors, Inc. (1994 – 2005)
-
Sagepoint Financial, Inc. (2005 – 2009)
-
LPL Financial, LLC (2009 – 2014)
-
American Portfolios Financial Services, Inc. (2014 – 2018)
-
Traderfield Securities, Inc. (2019 – 2020, tied to misconduct allegations)
-
IBN Financial Services, Inc. (2021 – 2022, tied to misconduct allegations)
-
A.G. Morgan Financial Advisors, LLC (2020 – Present, tied to civil lawsuit and further allegations)
His later affiliations became linked to disputes over investment recommendations and regulatory concerns.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
Allegations and Legal Actions Against Vincent Camarda
Customer Complaints and Disputes
Camarda’s history on FINRA’s BrokerCheck includes 17 pending customer disputes, two settlements, and a pending civil case. These claims involve serious allegations, including:
-
Unsuitable investment recommendations – Advising clients to invest in products that did not align with their risk tolerance or financial goals.
-
Breach of contract – Accusations of violating agreements with clients.
-
Omission – Allegations that Camarda failed to disclose key information that could have impacted investment decisions.
-
Involvement in fraudulent securities offerings – Accusations that Camarda engaged in unregistered and misleading investment sales.
The damages requested on his pending cases range anywhere from $150,000 to $4 million. What’s more, each of his 17 pending disputes have been submitted on or after May 2024. The most recent allegation from December 2024 requests $4 million in damages as a result of a breach of fiduciary duty, negligence, misrepresentations, and a failure to supervise.
The recurrence of such allegations raises questions about whether Camarda prioritized his clients’ financial well-being or personal gains.
SEC Allegations and Vincent Camarda’s Pending Civil Case
In June 2022, the Securities and Exchange Commission (SEC) initiated civil action against Camarda, alleging his involvement in an unregistered securities offering that raised more than $75 million from over 200 investors. The SEC claims that Camarda, through his firm A.G. Morgan Financial Advisors, LLC (AGM), solicited investments in Par Funding, a lending company engaged in a fraudulent $500 million unregistered offering.
Regulators contend that Camarda and AGM failed to disclose a significant conflict of interest—AGM had previously borrowed $750,000 from Par Funding, and Camarda was personally responsible for that debt. Despite this financial obligation, Camarda and his associates assured investors that the investment was safe, while withholding the full extent of their financial ties to Par Funding. Between 2017 and 2020, Camarda and AGM allegedly received over $7 million in compensation from Par Funding for their role in selling the unregistered securities.
The SEC is seeking penalties and disgorgement of funds, emphasizing the severity of these allegations. If proven, these claims could lead to substantial financial repercussions and industry bans for Camarda.
How Meyer Wilson Helps Investors Affected by Vincent Camarda
The case of Vincent Camarda illustrates the risks investors face when financial professionals fail to uphold ethical and legal obligations. For those that have experienced investment losses due to broker misconduct, you may have options to recover damages.
If you or someone you know has suffered losses due to the actions of investment advisers like Vincent Camarda, the experienced attorneys at Meyer Wilson are here to help. With more than 20 years in the industry and over $350 million recovered for our clients, our focus on investment fraud and securities litigation has helped many investors recover their losses. Contact us today for a free consultation to discuss your case and learn how we can assist you in protecting your financial interests.
Our lawyers are nationwide leaders in investment fraud cases.
Frequently Asked Questions
What is Vincent Camarda’s broker misconduct history?
Vincent Camarda’s record includes 17 pending disputes, SEC civil allegations, and several settlements. These claims involve unsuitable investment recommendations, fraudulent securities offerings, and regulatory violations.
What are the SEC allegations against Vincent Camarda?
The SEC has accused Camarda of participating in a $500+ million unregistered securities offering through Par Funding. The agency claims he raised over $75 million from more than 200 investors without proper registration and failing to disclose his conflict of interest, violating federal securities laws.
What should investors know about the legal actions against Camarda?
Camarda is facing SEC civil action, FINRA arbitration cases, and multiple customer complaints. Some investors are seeking damages of up to $4 million, and the legal proceedings remain ongoing.
Recovering Losses Caused by Investment Misconduct.
