Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Catherine Kennedy (Kennedy), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kennedy 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 $166,859.00 on November 06, 2020.

The Customer alleges that for a period of a year, the RR failed to follow her instructions to invest her retirement funds, resulting in significant market loss. The Customer is seeking reimbursement for damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lisa Turbeville (Turbeville), previously associated with Sagepoint Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Turbeville 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 $44,000.00 on November 06, 2020.

Customer alleges the representative made a recommendation that did not meet the clients’ needs and allegedly caused losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robyn Simons (Simons), previously associated with Berthel, Fisher & Company Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Simons 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 $200,000.00 on November 10, 2020.

The client alleges the investments she purchased between 2014-2016 were unsuitable and misrepresented to her by the representative. The client also alleges the firm failed to supervise the actions of the representative.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Ruth (Ruth), currently associated with Lenox Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ruth 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 $526,400.00 on November 04, 2020.

Customer alleges breach of fiduciary duty, unsuitable investments, negligence, breach of contract, and failure to disclose risk of securities during the period April, 2015 through July, 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carlos Alvarado (Alvarado), currently associated with Herbert J. Sims & Co, INC., has at least one disclosable event. These events include one customer complaint, alleging that Alvarado 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 November 04, 2020.

Client’s allege unsuitability, overconcentration, failure to supervise, scienter, aiding and abetting, fraudulent concealment, violations of securities laws and rules, fraud, recklessness, negligence, breach of fiduciary duties, and violations of PR contract law (Puerto Rico bonds and closed-end funds). Includes request for rescission, interest, fees, costs, and disgorgement of commission and fees.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Sullivan Jr. (Sullivan Jr.), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Sullivan Jr. 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 $200,000.00 on November 12, 2020.

Time Frame: November 2, 2020 to November 12, 2020 What were the allegations against the individual? The client’s husband who had authority to complain alleges the Financial Advisor failed to follow instructions and sold the incorrect equity. The client’s husband further alleges the Financial Advisor failed to purchase Mutual Funds as instructed.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Snyder (Snyder), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Snyder 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 $205,165.00 on November 03, 2020.

Allegations as stated by Claimant:         Time frame: Unspecified\<char_lb_r>\, \<char_lb_r>\, Allegations: Claimant alleges the recommendation to hold Puerto Rico Municipal Bonds and Closed-End Funds was unsuitable, and that her accounts were unsuitably over-concentrated in those investments. Claimant further alleges that the risk of concentration in Puerto Rico investments was misrepresented.

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

FINRA BrokerCheck shows a settled customer complaint on November 10, 2020.

Custoer alleges misrepresentation of potential tax liability associated with investment. Activity period:  2/27/17 to 11/20/20.

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

FINRA BrokerCheck shows a settled customer complaint on November 05, 2020.

Trustee alleges that they did not authorize trades in their trust account in November 2019 which resulted in significant tax ramifications   damages unspecified

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

FINRA BrokerCheck shows a settled customer complaint on November 05, 2020.

Client alleges FA made misrepresentation regarding mutual fund holdings from January 2020 to October 2020.

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