Securities Lawyers Blog

Broker Kevin O’callahan in Fidelity Brokerage Services LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 07, 2024.

The customer alleges she was misled when she purchased a variable annuity in November 2021. The Customer no longer wants the annuity.

There are Recent Customer Complaints with Broker Alison Hamilton in Firm Raymond James Financial Services, INC.

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alison Hamilton (Hamilton), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hamilton 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 $251,901.00 on June 05, 2024.

Executrix of deceased client’s estate alleges concerns over alleged mutual fund share classes in client’s account, missed breakpoints, rights of accumulation, and excessive commissions and fees, and also alleges possible concerns regarding the suitability of a non-qualified annuity.

There are Recent Customer Complaints with Broker Chay Lapin in Firm Fnex Capital, LLC

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chay Lapin (Lapin), currently associated with Fnex Capital, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lapin 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 $137,000.00 on June 04, 2024.

From investment activity in 2019, claimant alleges the following: failure to conduct reasonable due diligence, negligence, failure to disclose material facts, failure to conduct suitability, Failure to supervise, misrepresentation and omissions, breach of contract, breach of fiduciary duty

Broker Robert Anderson in Avantax Investment Services, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Anderson (Anderson), previously associated with Avantax Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Anderson 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 $50,000.00 on June 06, 2024.

Client alleges representative made unsuitable recommendations for purchase of an alternative investment.

There are Recent Customer Complaints with Broker Gal Horev in Firm Dempsey Lord Smith, LLC

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gal Horev (Horev), currently associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Horev 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 $394,486.00 on June 07, 2024.

Fraud, deceit, misrepresentation, and omissions of material facts

Broker Joseph Hobbs in Cetera Advisor Networks LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Hobbs (Hobbs), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hobbs 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 $235,000.00 on June 06, 2024.

Customer alleges representative failed to follow customer’s instruction and purchased a\, different product than requested. Activity period February 2021 to December 2023

Broker Paul Raehpour in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

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

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

The client alleges unauthorized trading.

Broker Luis Sanchez in First Southern, LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on June 10, 2024.

Time frame: Unspecified Allegations: Claimant alleges her investments in Puerto Rico closed-end funds were unsuitable, over-concentrated, and misrepresented as safe investment

Broker William Campbell in Osaic Institutions, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

Currently financial advisor William Campbell (Campbell), currently employed by brokerage firm Osaic Institutions, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $39,000.00 on June 07, 2024.

The sale of a public non-traded REIT was unsuitable and the firm failed to conduct due diligence.

There are Recent Customer Complaints with Broker George Merhoff in Firm Cetera Advisors LLC

April 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on June 06, 2024.

Claimants allege unsuitable investment recommendations which resulted in losses.