December 4, 2025 • 6 mins
LISTEN and SUBSCRIBE on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
A scene straight out of Jaws: the sharks are circling, investors are in the water, and the people who are supposed to rescue them never show up. That’s exactly what’s happening with firms like AG Morgan Financial Advisors—built on a deceptive name, run by repeat offenders, and allowed to operate while regulators look the other way. Chris breaks down the suspensions, the arbitration losses, the long rap sheet, and why so many retirees lost millions before anyone stepped in. This episode is a blunt warning: you’re on your own unless you do the homework, check the records, and know who you're dealing with. Don’t be shark bait.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
A scene straight out of Jaws: the sharks are circling, investors are in the water, and the people who are supposed to rescue them never show up. That’s exactly what’s happening with firms like AG Morgan Financial Advisors—built on a deceptive name, run by repeat offenders, and allowed to operate while regulators look the other way. Chris breaks down the suspensions, the arbitration losses, the long rap sheet, and why so many retirees lost millions before anyone stepped in. This episode is a blunt warning: you’re on your own unless you do the homework, check the records, and know who you're dealing with. Don’t be shark bait.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
You're looking for help. Sorry, investors out there. You get
ripped off, you get scammed, you're working with the con artist.
Guess what you're being left to the sharks. I was
thinking about this. The movie Without Fail drives my wife nuts.
If I'm exhausted, i'd sit down, and that's I'm channel
flipping from time to time and Jaws is on. I'm
(00:40):
watching it and I don't understand. Mike, watch that movie
over and over and over. I just can, I just can.
Speaker 1 (00:47):
I don't know.
Speaker 2 (00:47):
I just I don't know. If it's the nineteen seventy
summer vibe brings back memories, the dialogue the Ficienty. I
love that movie. I love that movie and one of
my favorite scam there's a certain dialogue scenes with men
in movies which are just classic, and the one where
they're they're drinking, let's drink to your leg. I'll drink
(01:09):
to your leg and they're sitting there talking and showing
stories and scars, and Quinn tells a story. Ah, you
sees the tattoo that he had removed from his arm
us s Indianapolis, which was the boatliver the bomb and
(01:29):
got hit and because the mission was so secret, nobody came.
Nobody came to pick the navy, saying the navy chipping
out of the water. Then be came to pick them up.
And the sharks had at it, had at them. It's
a horrific story. And again they's seeing the movie is
(01:51):
awesome when he's telling that story. Should have seen Jaws
right now for crying out now. Anyway, I thought about
that when I read this. I thought about that scene
in Jaws. Because you've got the regulators out there, and
I've been telling you this for some time. They know, okay,
(02:13):
they are well aware of who who the good guys are.
They're well aware of who the bad guys are, and
they don't do a damn thing. I'm going to give
you another example here, and this is another example of
another story that we covered. I don't think I covered
on the podcast, but I most certainly covered this on
(02:34):
the radio show and warned people about this firm. A G.
Morgan Financial Advisors and it's key officers, Vincent Kamarta and
James MacArthur, both suspended by FINRA in October, lost many
(02:55):
arbitration cases brought by their client again again first and
foremo most AG Morgan, red Flag, red Flag. Obviously they
designed that name to sound like J. P. Morgan for
crying out loud. This was part of the you know,
(03:18):
the movie boiler Room. This has been going on for ages.
Don't tell me when they're filing their registration statements or
what the paperwork with FINRA sec that the folks at
finer set are like, Oh, what's a coincidence? Gee, nobody
at the firm's last name is Morgan or haves initials
(03:39):
of AG. Why would they come up with that name? Gee,
I don't know. Might they be up to something no good? Anyway,
this firm and they actually they ordered these two characters
to pay a total of seven million dollars to clients
over risky uh in investments. And again, how were these guys,
(04:03):
this Vincent Camarta and James MacArthur even allowed to open
up affirm. Okay, the president is he's the president and
chief compliance officer. They have lost four arbitration cases brought
(04:24):
by seven clients. Obviously, the other ones are still up
in the air. The clients range and age from fifty
four to eighty three. They lost a total of more
than four million dollars in promissory notes for private equity
investment funds owned and operated by Camardam, which means he
just pocketed the money. Again, it gets worse. These guys.
(04:50):
These guys have got a record. I mean they've been
doing this for a while. They were registered on IBN
Financial Services in Liverpool, New York, that's out of Syracuse,
Ticks Capital and HAZLT New Jersey. These guys, you take
a look at their record, seventy five million for more
(05:13):
than two hundred investors from It's one thing after another
with these guys. Another twenty three customer complaints between April
twenty fourth. I can go on and on and on,
yet they're allowed to continue to do business again, getting
(05:37):
back to Jaws, no one's coming for you. No one's
coming for you. Okay, you're left in the water with
the sharks. I say this again and again and again.
You have to understand, you have to do your homework.
You have to understand who you are doing business with.
(06:02):
There are so many criminals, so many sharks out there.
I can't tell you there's no excuse for people in
today's day and age. I know these guys maybe real
sharp salespeople. I get that, but it's not that hard. Okay,
it's not that hard to do a little bit of homework.
(06:24):
And if you have a question, for the love of God,
give us a call. Go to our website at Watchdog
and why get in contact with us. We'll tell you whether
or not they're legitimate. I could have I would have
spotted this firm as bs at ag Morgan out of
(06:46):
Long Island watch Dog on Wall street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
You're looking for help. Sorry, investors out there. You get
ripped off, you get scammed, you're working with the con artist.
Guess what you're being left to the sharks. I was
thinking about this. The movie Without Fail drives my wife nuts.
If I'm exhausted, i'd sit down, and that's I'm channel
flipping from time to time and Jaws is on. I'm
(00:40):
watching it and I don't understand. Mike, watch that movie
over and over and over. I just can, I just can.
Speaker 1 (00:47):
I don't know.
Speaker 2 (00:47):
I just I don't know. If it's the nineteen seventy
summer vibe brings back memories, the dialogue the Ficienty. I
love that movie. I love that movie and one of
my favorite scam there's a certain dialogue scenes with men
in movies which are just classic, and the one where
they're they're drinking, let's drink to your leg. I'll drink
(01:09):
to your leg and they're sitting there talking and showing
stories and scars, and Quinn tells a story. Ah, you
sees the tattoo that he had removed from his arm
us s Indianapolis, which was the boatliver the bomb and
(01:29):
got hit and because the mission was so secret, nobody came.
Nobody came to pick the navy, saying the navy chipping
out of the water. Then be came to pick them up.
And the sharks had at it, had at them. It's
a horrific story. And again they's seeing the movie is
(01:51):
awesome when he's telling that story. Should have seen Jaws
right now for crying out now. Anyway, I thought about
that when I read this. I thought about that scene
in Jaws. Because you've got the regulators out there, and
I've been telling you this for some time. They know, okay,
(02:13):
they are well aware of who who the good guys are.
They're well aware of who the bad guys are, and
they don't do a damn thing. I'm going to give
you another example here, and this is another example of
another story that we covered. I don't think I covered
on the podcast, but I most certainly covered this on
(02:34):
the radio show and warned people about this firm. A G.
Morgan Financial Advisors and it's key officers, Vincent Kamarta and
James MacArthur, both suspended by FINRA in October, lost many
(02:55):
arbitration cases brought by their client again again first and
foremo most AG Morgan, red Flag, red Flag. Obviously they
designed that name to sound like J. P. Morgan for
crying out loud. This was part of the you know,
(03:18):
the movie boiler Room. This has been going on for ages.
Don't tell me when they're filing their registration statements or
what the paperwork with FINRA sec that the folks at
finer set are like, Oh, what's a coincidence? Gee, nobody
at the firm's last name is Morgan or haves initials
(03:39):
of AG. Why would they come up with that name? Gee,
I don't know. Might they be up to something no good? Anyway,
this firm and they actually they ordered these two characters
to pay a total of seven million dollars to clients
over risky uh in investments. And again, how were these guys,
(04:03):
this Vincent Camarta and James MacArthur even allowed to open
up affirm. Okay, the president is he's the president and
chief compliance officer. They have lost four arbitration cases brought
(04:24):
by seven clients. Obviously, the other ones are still up
in the air. The clients range and age from fifty
four to eighty three. They lost a total of more
than four million dollars in promissory notes for private equity
investment funds owned and operated by Camardam, which means he
just pocketed the money. Again, it gets worse. These guys.
(04:50):
These guys have got a record. I mean they've been
doing this for a while. They were registered on IBN
Financial Services in Liverpool, New York, that's out of Syracuse,
Ticks Capital and HAZLT New Jersey. These guys, you take
a look at their record, seventy five million for more
(05:13):
than two hundred investors from It's one thing after another
with these guys. Another twenty three customer complaints between April
twenty fourth. I can go on and on and on,
yet they're allowed to continue to do business again, getting
(05:37):
back to Jaws, no one's coming for you. No one's
coming for you. Okay, you're left in the water with
the sharks. I say this again and again and again.
You have to understand, you have to do your homework.
You have to understand who you are doing business with.
(06:02):
There are so many criminals, so many sharks out there.
I can't tell you there's no excuse for people in
today's day and age. I know these guys maybe real
sharp salespeople. I get that, but it's not that hard. Okay,
it's not that hard to do a little bit of homework.
(06:24):
And if you have a question, for the love of God,
give us a call. Go to our website at Watchdog
and why get in contact with us. We'll tell you whether
or not they're legitimate. I could have I would have
spotted this firm as bs at ag Morgan out of
(06:46):
Long Island watch Dog on Wall street dot Com
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