Reg BI

Broker David Wood in Moloney Securities Co., INC. Firm Has Customer Complaint

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Wood (Wood), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Wood 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 $218,750.00 on October 24, 2022.

Suitability/negligence. 2013-2015

There are Recent Customer Complaints with Broker Terry Wheeler in Firm Arque Capital, Ltd.

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Terry Wheeler (Wheeler), previously associated with Arque Capital, Ltd., has at least one disclosable event. These events include one customer complaint, alleging that Wheeler 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 $500,000.00 on October 21, 2022.

Wheeler was named in a customer complaint that asserted the following causes of action: breach of contract and warranties; promissory estoppel; vioaltion of state securities statutes; misrepresentation; omission of facts; breach of fiduciary duty; negligence; and, unjust enrichment.

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

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Hollingsworth (Hollingsworth), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hollingsworth 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 $762,908.00 on October 18, 2022.

Former clients allege that FA purchased and sold securities without authorization, executed an inappropriately high volume of transactions, improperly recommended margin, purchased unsuitable investments in their accounts, and improperly communicated through Facebook messenger. Allegation Activity Dates: 11/7/10 – 9/2/21.

There are Recent Customer Complaints with Broker Virgil Folden in Firm Saxony Securities, INC.

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Virgil Folden (Folden), currently associated with Saxony Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Folden 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 $300,000.00 on October 22, 2022.

On 10/14/2015, Mr. Folden misrepresented the GWG Investments and failed to disclose material facts concerning these investments.

Broker Jason Perez in Edward Jones Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Perez (Perez), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Perez 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 $7,000.00 on October 25, 2022.

The client alleges the financial advisor mispresented that his original investment in LANSX will always be there and behaved exactly like a municipal bond.

Broker Charles Johnson in Mutual Securities, INC. Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Johnson (Johnson), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 $250,000.00 on October 31, 2022.

Plaintiff alleges the following: fraud, breach of fiduciary duty, unauthorized practice of law, and intentional interference. Summary of events leading to allegations: In the course of providing advisory services to the client in 2021, the advisor and client discussed the client’s wishes regarding his estate, including transfer-on-death/payable-on-death instructions, beneficiary designations, and the creation of a trust. In the summer of 2021, the client provided updated beneficiary instructions and the advisor forwarded relevant information to an attorney for creation of estate documents to achieve the stated desires of the client. The client died in November 2021.

Broker James Davis in Ifp Securities, LLC Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Davis (Davis), currently associated with Ifp Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 25, 2022.

Customer filed a FINRA arbitration claim received by the firm on Oct 25, 2022. The claim alleges breaches of state law, fiduciary duty, contract law and a general failure to disclose risk parameters surrounding an investment in a GWG “L Bonds”. The subject investment at issue has filed for Federal Bankruptcy protection under Chapter 11 (re-organization). Internal investigation of facts surrounding allegations was completed on approximately Dec 12th 2022, noting that the term of the bond(s) in question and associated risks were appropriately reflected in person and via documentation provided to the client. Customer requests recission of investment(s) (100K) and compensatory damages. Ascertainment of alleged actual damages is impossible until Chapter 11 proceedings are completed.

There are Recent Customer Complaints with Broker Everett Ellis in Firm Ameriprise Financial Services, LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Everett Ellis (Ellis), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ellis 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 October 25, 2022.

Customers allege they were told they could not lose money when investing in a variable annuity in October of 2017.

There are Recent Customer Complaints with Broker Darren Daye in Firm Equitable Advisors, LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Darren Daye (Daye), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Daye 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 $130,000.00 on October 26, 2022.

Suitability in GWG Holdings L Bonds and preferred stock and GPB Waste Management, LP. October 2017to June 2018.

There are Recent Customer Complaints with Broker Ronald Birnbaum in Firm Advisory Group Equity Services Ltd.

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Birnbaum (Birnbaum), previously associated with Advisory Group Equity Services Ltd., has at least one disclosable event. These events include one customer complaint, alleging that Birnbaum 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 $455,453.83 on October 24, 2022.

Client, through their attorneys, asserts statutory and common-law claims for alleged unsuitable investments resulting in investment losses.