Articles Posted in Reg BI

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

FINRA BrokerCheck shows a pending customer complaint on October 04, 2023.

Customer alleges unauthorized trading in account in  June 2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Coonrod (Coonrod), previously associated with Fsc Securities Corporation, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Coonrod 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 $1,228,822.00 on April 21, 2023.

Claimants, who are the daughters of the deceased client, allege that discretionary trading in the account was overly aggressive and not in keeping with their father’s purported needs and objectives.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Grace Henderson (Henderson), previously associated with Pnc Investments, has at least one disclosable event. These events include one customer complaint, alleging that Henderson 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 $28,547.00 on April 19, 2023.

Client alleges representative did not make her aware of potential taxes on sale of assets to open an advisory account

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

FINRA BrokerCheck shows a settled customer complaint on January 26, 2024.

Claimant alleged that the Representative recommended a Real Estate Investment Trust that was unsuitable, and resulted in a substantial loss. Claimant further alleged that the Representative misrepresented the risks and potential for future income and growth.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Peters (Peters), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Peters 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 $65,000.00 on April 24, 2023.

Unsuitable Investments, Violation of securities laws, Breach of contract, Breach of fiduciary duty

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Keith Morris (Morris), currently associated with Steward Partners Investment Solutions, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morris 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 $27,069.22 on April 21, 2023.

Client alleged a benefit rider was misapplied to the annuity.

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

FINRA BrokerCheck shows a settled customer complaint on January 25, 2024.

Claimants alleged that the Representative recommended a Real Estate Investment Trust that was unsuitable, and resulted in a substantial loss. Claimants further alleged that Representative misrepresented the risks and potential for future income and growth of the product.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Katherine Nishnic (Nishnic), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Nishnic 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 $88,000.00 on April 27, 2023.

The customer alleges that in March of 2019, the Registered Representative recommended unsuitable, high-risk, speculative and illiquid investments and breached her fiduciary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nir Regev (Regev), currently associated with Dfpg Investments, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Regev 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 $278,680.61 on April 19, 2023.

Client alleges illiquid investments are not suitable nor prudent.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dean Paugh (Paugh), currently associated with Raymond James & Associates, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Paugh 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 $54,770.50 on April 18, 2023.

The client alleges investments were not suitable.

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