Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Prestage (Prestage), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Prestage 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 January 26, 2021.

Claimant alleges recommendations of alternative investments were not suitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Evan Nadelman (Nadelman), previously associated with Aegis Capital Corp., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Nadelman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on January 28, 2021.

Verbal complaint that representative recommended unsuitable investments as well as borrowed money from client that was not disclosed to or approved by the firm.

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $1,600,000.00 on January 26, 2021.

Todd Wachsman was a subject of the customer’s complaint against his member firm that asserted the following causes of action:  breach of fiduciary duties; fraud; negligence and/or gross negligence; breach of contract and breach of the implied covenant of good faith and fair dealing; unjust enrichment; violation of industry rules; violation of the Securities Exchange Act of 1934 and Rule 10B-5; suitability; and failure to supervise

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Wesley Wood (Wood), previously associated with Wfg Investments, 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 $70,000.00 on January 26, 2021.

Claimant alleges recommendations of alternative investments were not suitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dain Stokes (Stokes), previously associated with LPL Financial LLC, has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Stokes recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on February 01, 2021.

Customer alleges that between February 2015 and September 2019, representative recommended unsuitable variable annuities and also defrauded customer into investing in promissory notes.

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

FINRA BrokerCheck shows a settled customer complaint on January 27, 2021.

Claimant, as trustee of the former client\\u00e2? ?s trust, alleges that Respondents breached its duties when it failed to provide copies of the trust, failed to keep the beneficiaries informed, and failed to preserve the residential home following the client’s death on 11/13/2018. Claimant seeks damages in an unspecified amount.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Jawor (Jawor), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jawor 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 $58,000.00 on February 01, 2021.

Claimant alleges that purchases of two alternative investments for customer’s portfolio made 7 years ago were unsuitable. Activity period:  6/2013 to 2/2021.

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $1,600,000.00 on January 26, 2021.

David Wachsman was a subject of the customer’s complaint against his member firm that asserted the following causes of action:  breach of fiduciary duties; fraud; negligence and/or gross negligence; breach of contract and breach of the implied covenant of good faith and fair dealing; unjust enrichment; violation of industry rules; violation of the Securities Exchange Act of 1934 and Rule 10B-5; suitability; and failure to supervise

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

FINRA BrokerCheck shows a settled customer complaint on January 28, 2021.

Claimants allege that the Financial Advisor assigned to their trust accounts churned and mismanaged their accounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Callagy (Callagy), previously associated with Revere Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Callagy 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 $180,000.00 on January 27, 2021.

March 2019 to December 2019. Client alleges poor performance.

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