Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Carnahan (Carnahan), currently associated with Gwn Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Carnahan 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 $800,000.00 on October 18, 2022.

The customers allege that the rep recommended and overconcentrated their accounts in unsuitable investments

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Nuss (Nuss), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Nuss 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 $10,000,000.00 on October 24, 2022.

Attorney for client alleges, inter alia, that recommendation for pension plan to utilize outside money manager who failed to implement a liability-driven investment strategy with short erm duration strategy was unsuitable from October 24, 2021 to October 24, 2022.

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $1,000,000.00 on October 20, 2022.

Arbitration Award in favor of Creative Planning. Alleged breach of agreement, breach of fiduciary duties, negligence in the discretionary handling of claimant’s accounts and violation of the Pennsylvania Unfair Trade Practices and Consumer Protection Law related to the management of options in claimant’s account from August 2017 until September 2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brock Brady (Brady), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brady 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 $270,000.00 on October 20, 2022.

Claimant alleges that in 2016 the Representative misrepresented that certain investments, such as a Real Estate Investment Trust, were conservative, secure, and did not carry any significant risks, and the Claimant suffered estimated losses in excess of $270,000.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Howard Woo (Woo), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Woo 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 $250,000.00 on October 21, 2022.

Clients allege representative made misrepresentations beginning in May 2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rebecca Henson (Henson), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Henson 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 $30,000.00 on October 24, 2022.

Claimant(s) allege unsuitable and misleading investment recommendations, misrepresented and omitted material facts and risks and failure to conduct reasonable due diligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Analovitch (Analovitch), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Analovitch 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 $42,692.94 on October 24, 2022.

The client alleges in June 2020 the representative provided poor advice regarding the purchase of IBOXX Investment Grade Bond ETF (LQD) and the subsequent recommendation to continue to hold the shares.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Alwine (Alwine), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Alwine 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 $10,910.51 on October 19, 2022.

The client alleges an unauthorized purchase of a premium priced CD.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gary Ziegler (Ziegler), currently associated with Transamerica Financial Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ziegler 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 $70,000.00 on October 18, 2022.

Claimant alleges his funds were placed in investments in a multitude of high risk investment that caused a losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Thurman (Thurman), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thurman 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 $100,000.00 on October 21, 2022.

Customers allege unsuitable investment recommendations in 2019.

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