Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kurt Jackson (Jackson), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Jackson 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 November 22, 2022.

Claimants allege Kestra breached it’s fiduciary duty, made unsuitable recommendations, and misrepresented the investment product. Additionally it is alleged that Kestra failed to properly supervise and provide training to representatives.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Siegel (Siegel), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Siegel 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 $8,779.13 on November 21, 2022.

The client alleged that the advisor did not provide adequate advice on additional employer contributions for her outside 401(k) plan.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Collins (Collins), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Collins 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 $15,000.00 on November 21, 2022.

Customer alleges negligence, unsuitable recommendations, negligent supervision, breach of contract and fiduciary duty in regards to an investment in a high yield corporate bond.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Giasamis Sideris (Sideris), previously associated with Arive Capital Markets, has at least one disclosable event. These events include one customer complaint, alleging that Sideris 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 $453,406.47 on November 22, 2022.

Failure to Supervise

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Stike (Stike), currently associated with Wealth Enhancement Brokerage Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stike 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 $750,000.00 on November 16, 2022.

Customer alleges their accounts were invested in excessively risky and over-weighted equities and high yield bonds outside of their risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lori Givens (Givens), previously associated with United Planners’ Financial Services of America A Limited Partner, has at least one disclosable event. These events include one customer complaint, alleging that Givens 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 $14,391.00 on November 29, 2022.

Poor advice and financial planning.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shane Elsbury (Elsbury), currently associated with Transamerica Financial Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Elsbury 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 November 30, 2022.

Claimant purchased a $150,000, 7-year bond with GWG Holdings, Inc. in January of 2017. In April 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy reorganization, which is still pending. Claimant alleges the bond was unsuitable and the respondent did not sufficiently convey the risks involved.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Druckenmiller (Druckenmiller), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Druckenmiller 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 December 01, 2022.

The concentration in Alternative Investments was not suitable for [REDACTED]’ who is retired.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Coleigh Mckay (Mckay), currently associated with Regions Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mckay 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 $30,418,671.50 on November 26, 2022.

Applicant Parties allege defendants (including Vanderbilt University) caused Applicant Parties “material losses and mental distress”. Vanderbilt University through their Office of Investments invested in the private equity fund (one of the Applicant Parties) managed by the Applicant Parties that ultimately failed and was liquidated in 2019.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lauren Ivester (Ivester), previously associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ivester 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 $220,000.00 on November 29, 2022.

Negligence, breach of fiduciary duties, fraudulent misrepresentation, and breach of contract

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