Last Updated: June 2025 – Fairhope, AL
Here’s what you need to know about Fairhope, AL, stockbroker Trey Toifel:
- Name: Trey Andrew Toifel
- CRD Number: 5830403
- Current Employers:
- Cetera Investment Advisers LLC (RIA)
- Cetera Investment Services LLC
- Primary Location: Fairhope, AL
- Function: Stockbroker / Financial Advisor
- Prior Employers: BB&T Investment Services Inc., Wells Fargo Advisors, Edward Jones
- Alias: Trey Toifel
- Can Trey Toifel be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $61,500
If you’ve sustained damages from Mr. Toifel, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Trey Toifel As Your Stockbroker?
In a FINRA arbitration case (No. 23-01784) filed against Cetera Investment Services LLC, a customer alleged that Trey Toifel recommended overly concentrated and unsuitable investments in structured bank notes. The matter was settled in January 2025, for $61,500 .
Another complaint, filed in May 2023, accused Mr. Toifel of failing to disclose that a customer’s funds would be tied up for 5 years in structured products. This complaint was denied by the company and apparently the customer did not pursue the matter further.
These claims potentially implicate FINRA Rule 2111, which mandates that brokers only recommend investments that are suitable for a client’s investment profile, and FINRA Rule 2010, which governs standards of commercial honor and just and equitable principles of trade.
Investigations involving Over-Concentration
Structured Products: Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indicies, commodities, debt issuance, foreign currencies or derivatives). See this for FINRA’s Investor Insights “Understanding Structured Notes with Principal Protection”
Allegations of Broker Misconduct Against Trey Andrew Toifel
- Unsuitable Recommendations
- Misrepresentation / Omission
- Overconcentration
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Trey Andrew Toifel, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.