Churning (Excessive Trading)

There are Recent Customer Complaints with Broker Francis Cunningham in Firm B. Riley Wealth Management

March 5, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Francis Cunningham (Cunningham), previously associated with B. Riley Wealth Management, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Cunningham concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $18,469.04 on December 16, 2025.

Customer alleges unauthorized transfer of account, unauthorized purchases and sales of assets, and churning.

There are Recent Customer Complaints with Broker Sam Aziz in Firm David A. Noyes & Company

March 2, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Sam Aziz (Aziz), previously associated with David A. Noyes & Company, has been subject to at least 3 disclosable events. These events include 3 customer complaints. Several of those complaints against Aziz concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on February 16, 2021.

Attorney for clients complained of unsuitable and excessive trading. (10/14/2013-3/31/2015)

Broker Mandy Rofe in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

February 27, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Mandy Rofe (Rofe), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Rofe concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on March 11, 2021.

The attorney representing the customer alleges unsuitable investment recommendations and churning.

Broker Bernard Jasmin in PHX Financial, INC. Firm Has Customer Complaint

February 22, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Bernard Jasmin (Jasmin), previously associated with PHX Financial, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Jasmin concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $4,800,000.00 on April 12, 2021.

Fraud, Churning, Unauthorized trading, Excessive Commissions

There are Recent Customer Complaints with Broker Todd Sanders in Firm PHX Financial, INC.

February 22, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Todd Sanders (Sanders), previously associated with PHX Financial, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Sanders concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $4,800,000.00 on April 12, 2021.

Fraud, Churning, Unauthorized trading, excessive commissions

Broker Christopher Dallas in Spartan Capital Securities, LLC Firm Has Customer Complaint

February 19, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Christopher Dallas (Dallas), currently associated with Spartan Capital Securities, LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Dallas concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $32,736.47 on May 03, 2021.

Customer alleges unsuitable trading, use of an unauthorized option strategy, excessive trading, and excessive commissions.

Broker Chadwick Carrick in the Jeffrey Matthews Financial Group, L.l.c. Firm Has Customer Complaint

February 19, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Chadwick Carrick (Carrick), currently associated with the Jeffrey Matthews Financial Group, L.l.c., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Carrick concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on April 29, 2021.

Plaintiffs allege negligence, failure to supervise, excessive trading, churning, and breach of fiduciary duty

When “Democratizing” Access to Alternatives Becomes a Risk for Main Street Investors Featuring commentary by securities arbitration attorney Adam Gana

February 18, 2026 | by Staff Attorney

For many American retirees, the dream of a secure retirement is built on decades of prudent saving, workplace retirement accounts, and a belief that financial advice from licensed professionals will protect their nest egg. But a recent article in The Guardian highlights a troubling trend that may undermine that belief by expanding access to complex, high-risk financial products to everyday investors—without commensurate investor protections.

Read the full Guardian article here.

The report, titled “I feel like I’m in a financial prison”: Trump Wall Street plan puts ‘mom and pop’ investors at risk, examines how recent regulatory shifts and executive actions are opening the door for “mom and pop” investors to be sold alternative investments traditionally reserved for sophisticated, institutional buyers.

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

February 16, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Timothy Bartelt (Bartelt), currently associated with Raymond James Financial Services, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Bartelt concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $3,000,000.00 on May 19, 2021.

FA recommended unsuitable investments, over-concentrated claimant in energy sector securities, misrepresented the nature of certain securities, and engaged in churning.

There are Recent Customer Complaints with Broker Stephen Sloane in Firm Westpark Capital, INC.

February 11, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Stephen Sloane (Sloane), previously associated with Westpark Capital, INC., has been subject to at least 2 disclosable events. These events include one customer complaint, one regulatory event. Several of those complaints against Sloane concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on July 01, 2021.

Client is alleging unsuitable recommendations and churning treasuries.