Reg BI

Broker James Exley in Northwestern Mutual Investment Services, LLC Firm Has Customer Complaint

May 11, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Exley (Exley), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Exley 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 $40,050.00 on April 16, 2020.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. 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. This standard applies when brokers make recommendations to retail customer for any securities transaction or investment strategy involving securities, including recommendations of types of accounts.

Broker Jeffrey Cleckner in LPL Financial LLC Firm Has Customer Complaint

May 11, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Cleckner (Cleckner), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cleckner 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 $125,000.00 on April 20, 2020.

The firm received a FINRA notification of a customer complaint from [REDACTED] alleging the RR made four unauthorized withdrawals from her rollover IRA between 3/17/15 and 3/9/17 by forging her signature on one form and submitting three other forms that did not include her signature.

Broker James Booth in LPL Financial LLC Firm Has Customer Complaint

May 11, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 20, 2020.

Clients allege misappropriated funds.

Broker James Shelby in Osaic Wealth, INC. Firm Has Customer Complaint

May 11, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 15, 2020.

CLAIMANTS ALLEGE THEIR ACCOUNTS WERE OVERCONCENTRATED IN REIT’s AND ALTERNATIVE INVESTMENTS

There are Recent Customer Complaints with Broker Timothy Owens in Firm Cambridge Investment Research, INC.

May 11, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Owens (Owens), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Owens 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 $150,000.00 on April 17, 2020.

Allegations of improper investment recommendations.

There are Recent Customer Complaints with Broker Timothy Molnar in Firm Northwestern Mutual Investment Services, LLC

May 11, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Molnar (Molnar), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Molnar 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 April 15, 2020.

Customer alleged the representative’s advice and actions caused a variable annuity that the customer owned through Minnesota Life Insurance Company/Securian Financial to lose value, and that representative did not adequately fulfill his responsibilities to her and provided her with incorrect information about the effect of taking withdrawals (which occurred in late 2012, early 2013) from the variable annuity.

There are Recent Customer Complaints with Broker Maurice Stuffmann in Firm Oppenheimer & CO. INC.

May 11, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 20, 2020.

Client alleges investments were not fully explained and were unsuitable between November 2012 and March 2020

There are Recent Customer Complaints with Broker Cody Greene in Firm Nylife Securities LLC

May 10, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 24, 2020.

Customers allege the Variable Annuity policy they each purchased in February 2020 were initially understood to allow for a larger monthly contribution that would meet the $5,000 minimum annual contribution while providing for a lower annual fee and a 7 year surrender charge period. They were later informed that the specific Variable Annuity they purchased does not allow for monthly contributions and that the surrender charge period would reset with each additional contribution therefore the customers are looking to reverse the purchase of these policies.

Broker Benjamin Blake in Edward Jones Firm Has Customer Complaint

May 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Blake (Blake), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Blake 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 $3,356.59 on April 21, 2020.

The client alleges the financial advisor placed unauthorized trades.

There are Recent Customer Complaints with Broker Jared Stines in Firm Cetera Investment Services LLC

May 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jared Stines (Stines), previously associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stines 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 $53,204.00 on April 24, 2020.

On March 10th, 2020 [REDACTED] decided to engage us to assist in managing her retirement funds. After completing the advisory agreement and IRA account paperwork, [REDACTED] wanted to look at her 401k online. She logged in to check values and then [REDACTED] asked if the funds could be moved into a safe or cash account within the 401k. I showed them the stable value option within their 401k. They agreed that they would like to transfer to the stable value fund. I selected the balance transfer option and then selected 100% of the account to the stable value fund. Two days later we found out that only one fund holding had been transferred to stable value. The account had been invested very aggressively by [REDACTED] and had decreased in value since our last meeting. After finding this out, I encouraged them to stay invested and to avoid moving to cash on a volatile day. They did not listen to my advice and they decided to go ahead and liquidate as they were afraid of the market volatility and asked for $53,204 to be refunded to their account to cover their market loss.