Securities Lawyers Blog

Broker Max Birkinbine in Ausdal Financial Partners, INC. Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Max Birkinbine (Birkinbine), currently associated with Ausdal Financial Partners, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Birkinbine recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $120,000.00 on March 01, 2024.

VIOLATION OF COMMON LAW; NEGLIGENT SUPERVISION; BREACH OF FIDUCIARY DUTY; VIOLATION ON MINNESOTA UNIFORM SECURITIES ACT. Bakkan investments made in 2012 and 2014. GWG investment made in 2018.

Broker Elamparithi Rajaguru in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Elamparithi Rajaguru (Rajaguru), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Rajaguru recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 05, 2024.

Customer alleges recommendations not in his best interests between July 2021 and February 2022.

There are Recent Customer Complaints with Broker Kwame Adusei in Firm Morgan Stanley

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kwame Adusei (Adusei), previously associated with Morgan Stanley, has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Adusei recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 28, 2024.

Respondent Adusei failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

There are Recent Customer Complaints with Broker Deborah Stackpole in Firm Stonecrest Capital Markets, INC.

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Deborah Stackpole (Stackpole), currently associated with Stonecrest Capital Markets, INC., has at least one disclosable event. These events include one customer complaint, alleging that Stackpole recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $390,000.00 on February 28, 2024.

The customer filed an arbitration claiming unsuitable recommendations related to two investments a corporate and an REIT.

Broker Kyle Mostransky in Nylife Securities LLC Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kyle Mostransky (Mostransky), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mostransky recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 01, 2024.

The Customer alleges he was not informed of surrender charges when he requested distributions from the variable annuity he purchased in June 2021.

Broker Phillip Kao in Arete Wealth Management, LLC Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Phillip Kao (Kao), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kao recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 29, 2024.

Customer alleges an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.

There are Recent Customer Complaints with Broker Thomas Rindahl in Firm Osaic Wealth, INC.

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Rindahl (Rindahl), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rindahl recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 28, 2024.

Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.

Broker Jeremy Lindquist in MML Investors Services, LLC Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Lindquist (Lindquist), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lindquist recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 03, 2024.

The complainant alleges that the variable annuity she purchased from her registered representative, on or about February 25, 2021, was unsuitable, and is looking to reverse the contract.

There are Recent Customer Complaints with Broker Jennifer Breton in Firm Valmark Securities, INC.

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jennifer Breton (Breton), currently associated with Valmark Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Breton recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $45,166.00 on March 05, 2024.

The client expressed dissatisfaction with receiving a lower-than-expected monthly payment from a Single Premium Immediate Annuity. The client alleged they were misled regarding the impact of a paperwork delay on their ultimate monthly payment. The client requested they receive the originally-quoted monthly amount.

There are Recent Customer Complaints with Broker Deborah Jackman in Firm UBS Financial Services INC.

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Deborah Jackman (Jackman), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Jackman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on February 29, 2024.

Petitioner, the stepson and successor personal representative of his stepmother’s estate, alleges that Ms. Jackman exerted undue influence over the decedent, embezzled and alienated decedent’s property, and financially exploited the decedent.