Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Lombardi (Lombardi), currently associated with Sutter Securities Incorporated / Boustead Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lombardi 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 $99,500.00 on August 18, 2025.

Time Frame: June 2017. Claimants allege product is unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Megurditch Patatian (Patatian), previously associated with Supreme Alliance LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Patatian 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 August 15, 2025.

Unsuitable investment in real estate investment trust (REIT) in 2013

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Huanwei Huang (Huang), currently associated with Glendale Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Huang 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 $580,000.00 on August 15, 2025.

CASE SEEKS TO OVERTURN DISMISSAL WITH PREJUDICE OF PREVIOUS CASE # 523945/2024 FILED IN KINGS COUNTY SUPREME COURT IN THE STATE OF NEW YORK. ALLEGATIONS TO BE HEARD IF PREVIOUS DISMISSAL IS OVERTURNED ARE THE SAME AS THE LAST TWO DISMISSED CASES:  BREACH OF DUTY, CONVERSION, FRAUD AND MISREPRESENTATION, UNJUST ENRICHMENT, NEGLIGENCE, EXTREME EMOTIONAL DISTRESS. TIME PERIOD: BETWEEN 2020-2023

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Brooks (Brooks), currently associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Brooks 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 $150,000.00 on August 14, 2025.

BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, FAILURE TO SUPERVISE, NEGLIGENCE, MISREPRESENTATION, VIOLATION OF FEDERAL SECURITIES LAWS, AND VIOLATION OF REG BI.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth New (New), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that New 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 19, 2025.

Clients allege registered representative mishandled the assets Claimant entrusted to their care by over-concentrating the assets in illiquid non-traded alternative investments, which were unsuitable for Claimant’s ages,\, investment goals, and risk tolerance.

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

FINRA BrokerCheck shows a pending customer complaint on August 18, 2025.

Suitability and breach of fiduciary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nader Gandevani (Gandevani), currently associated with Shopoff Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gandevani 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 $233,000.00 on August 15, 2025.

Customer alleges that in or about 2019 the representative recommended GWG Holdings L Bonds and Red Oak Capital Fund III Bonds that were unsuitable given the customer’s limited investment experience and risk tolerance, and misrepresented risk and outcomes. Customer claims loss of principal and unpaid interest and seeks recovery.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Baker (Baker), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Baker 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 $575,000.00 on August 19, 2025.

Claimant is the estate of RR’s mother, which is being administered by RR’s estranged sister. After RR contested the will, Claimant (through sister) alleged that RR did not file requested change of beneficiary forms for his mother’s brokerage accounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pescatore (Pescatore), currently associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Pescatore 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 $200,000.00 on August 18, 2025.

Claimants alleges Oppenheimer permitted unauthorized change of beneficiary upon death of customer and alleges claims for breach of fiduciary duty, breach of contract, negligence, violation of FINRA Rules and negligent supervision. From 01/2020 – 12/2020

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Suess (Suess), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Suess 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 $200,000.00 on August 19, 2025.

BREACH OF CONTRACT AND WARRANTIES, PROMISSORY ESTOPPEL, CONSUMER PROTECTION AND DECEPTIVE TRADE PRACTICES ACT, VIOLATION OF STATE SECURITIES STATUTES, COMMON LAW FRAUD, BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND GROSS NEGLIGENCE, FINRA Conduct Rule 2010, FINRA Conduct Rule 2020, FINRA Conduct Rule 2090, FINRA Conduct Rule 2111, FINRA Conduct Rule 2210, FINRA Conduct Rule 3110, MISREPRESENTATION/OMMISSION AND NEGLIGENT MISREPRESENTATION/OMISSION, UNJUST ENRICHMENT, COMMON LAW, STATUTORY CLAIMS AND DAMAGES, and VICARIOUS & CONTROL PERSON LIABILITY

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