Securities Lawyers Blog

There are Recent Customer Complaints with Broker Shawn Clark in Firm Kalos Capital, INC.

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shawn Clark (Clark), previously associated with Kalos Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Clark 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 $100,000.00 on August 14, 2023.

Client alleges registered representative recommended an unsuitable investment.

Broker James Margraf in Center Street Securities, INC. Firm Has Customer Complaint

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Margraf (Margraf), previously associated with Center Street Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Margraf 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 $50,000.00 on August 08, 2023.

Client alleges registered representative recommended an unsuitable investment.

There are Recent Customer Complaints with Broker Jessica Mosman in Firm MML Investors Services, LLC

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jessica Mosman (Mosman), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mosman 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 $22,312.92 on August 11, 2023.

The policyowner alleges that the purchase of the variable annuities in August and October 2021 were not suitable investment products for him and that the RR did not explain the features of the investment preservation rider and surrender charge periods associated with variable annuity policies. The policyowner has requested a refund of his initial investment.

Broker Tyler Malek in Cetera Advisor Networks LLC Firm Has Customer Complaint

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tyler Malek (Malek), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Malek 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 $5,000.00 on August 10, 2023.

Client is unhappy with her immediate fixed annuity and was not aware she would have limited access to her funds.

There are Recent Customer Complaints with Broker John Bennett in Firm Wells Fargo Clearing Services, LLC

July 13, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker John Bennett (Bennett), currently employed by Wells Fargo Clearing Services, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Bennett’s most recent customer complaint alleges that Bennett recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $38,000.00 on August 14, 2023.

Customer alleged the structured note purchased was not liquid and therefore he was unable to take his required minimum distribution for 2022 and beyond.

There are Recent Customer Complaints with Broker Daniel Snover in Firm the Fig Group, LLC

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Snover (Snover), previously associated with the Fig Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Snover 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 $383,000.00 on August 14, 2023.

Clients allege that during the period from approximately November 1, 2021, through December 31, 2022, the Investment Adviser Representative breached their fiduciary duty by recommending exchange traded products that were unsuitable for the clients’ risk tolerance.

There are Recent Customer Complaints with Broker Charles Fagan in Firm Raymond James & Associates, INC.

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Fagan (Fagan), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Fagan 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 $750,000.00 on August 15, 2023.

Claimants allege FA concentrated them in unsuitable Ginnie Mae products with long maturity dates to generate higher commissions; misrepresented that the products were short-duration, safe, and that Claimants would receive their principal investment when they needed the funds; and failed to explain the products’ risks to Claimants.

Broker Jeffrey Buck in Madison Avenue Securities, LLC Firm Has Customer Complaint

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Buck (Buck), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Buck 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 $882,557.00 on August 08, 2023.

The Statement of Claim is filed on behalf of ten claimants against four broker-dealers, including Grove Point Investments, LLC, involving the same investment – Centerpointe tenant in common interests offered by Cole Capital Partners, LLC. Claimants allege financial elder abuse, unsuitability, breach of fiduciary duty, and negligence. Grove Point is contesting the claims in full. Activity occurred May 14, 2007 to November 19, 2019.

Broker Chantal Joseph in Nylife Securities LLC Firm Has Customer Complaint

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chantal Joseph (Joseph), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Joseph 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 $1,000.00 on August 14, 2023.

The policyowner alleges that on or about July 2022 she provided the RR with two blank money orders for $500 each with the funds to be applied to pay the premiums for her life insurance policy and that the RR cashed the money orders instead and did not pay her premiums.

There are Recent Customer Complaints with Broker Sanjay Bhargava in Firm Regulus Financial Group, LLC

July 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sanjay Bhargava (Bhargava), previously associated with Regulus Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bhargava 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 $1,000,000.00 on August 08, 2023.

Claimant alleges unsuitable investments in client account made by Sanjay Bhargava in January 2021. Regulus Financial Group finds no fault in Sanjay Bhargava and is pursuing denial of claim in arbitration.