Securities Lawyers Blog

There are Recent Customer Complaints with Broker Aleksandr Rabinovich in Firm Forge Securities LLC

June 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Aleksandr Rabinovich (Rabinovich), currently associated with Forge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rabinovich 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 $3,120,000.00 on March 25, 2026.

When your financial advisor is providing advice they must adhere to the SEC’s Regulation Best Interest (Reg BI) rule and standard of care. Reg BI replaced the former “suitability” rule and created a ‘best interest’ standard for brokerage firms and registered representatives. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts.

There are Recent Customer Complaints with Broker Kelly Deforrest in Firm Fidelity Brokerage Services LLC

June 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kelly Deforrest (Deforrest), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Deforrest 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 $32,537.00 on April 27, 2026.

Customer alleged that the registered representative provided unsuitable advice by recommending a managed account.

Broker Cooper Carden in Northwestern Mutual Investment Services, LLC Firm Has Customer Complaint

June 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 20, 2026.

Allegation: Client alleged that the signature on the dividend option request form was not his and that he has never seen or reviewed the document.

There are Recent Customer Complaints with Broker Esmeralda Steele in Firm Silver Oak Securities, Incorporated

June 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Esmeralda Steele (Steele), currently associated with Silver Oak Securities, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Steele 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 $43,637.14 on April 08, 2026.

Allegations related to sale of Index Universal Life Insurance in January 2020. Concerns related to a failure to implement timely and effective monitoring, reassessment, and corrective action in response to prolonged underperformance.

Broker Kendal Fordham in Raymond James Financial Services, INC. Firm Has Customer Complaint

June 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 13, 2026.

Client alleges the investments they were recommended were unsuitable for them based on their risk tolerance after losses were incurred and demanded reimbursement.

Broker Kyle Kelley in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

June 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 04, 2026.

Client alleges misrepresentation of the past performance of an exchange traded fund.

There are Recent Customer Complaints with Broker Alexis Lynch in Firm Ameriprise Financial Services, LLC

June 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 20, 2026.

Between June 3rd, 2024 and April 16th, 2026 the client alleges that the Financial Advisor and the Senior Wealth Strategy Associate sent out wire transfers that were illegal and without his knowledge and authorization to his ex-wife.

There are Recent Customer Complaints with Broker Richard Ross in Firm Cetera Wealth Services, LLC

June 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Ross (Ross), currently associated with Cetera Wealth Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ross 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 $5,000.00 on March 17, 2026.

Claimants allege unsuitable recommendations and breach of fiduciary duties

There are Recent Customer Complaints with Broker Anthony Falco in Firm J. Alden Associates, INC.

June 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Falco (Falco), currently associated with J. Alden Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Falco 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 $6,150,000.00 on July 26, 2024.

Plaintiffs allegedly purchased shares of stock in a private company known as lifebrand. The companies’ executives and board are alleged to have squandered company assets and breached their fiduciary duties. Defendant falco allegedly induced and encouraged plaintiff’s investment which mr falco denies.

There are Recent Customer Complaints with Broker Matthew White in Firm Cetera Wealth Services, LLC

June 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew White (White), currently associated with Cetera Wealth Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that White 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 $5,000.00 on March 17, 2026.

Claimant alleges unsuitable recommendations and breach of fiduciary duties.