Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tyler Tognarine (Tognarine), currently associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tognarine 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, 2023.

Customer alleges the rep did not fully disclose all the facts regarding purchasing an annuity as a retirement plan.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juan Liang (Liang), currently associated with Ni Advisors, has at least one disclosable event. These events include one customer complaint, alleging that Liang 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 $1,000,000.00 on January 27, 2023.

Claim states breach of contact and fiduciary duty for bonds sold to two clients during 2019.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Layland (Layland), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Layland 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 January 25, 2023.

Claimant alleges the financial professional recommended an annuity that was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Libertad Ortiz Contreras (Ortiz Contreras), currently associated with Flourish Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ortiz Contreras 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 $400,000.00 on January 31, 2023.

Ms. Ortiz Contreras sold the client an investment in Northstar Financial Services (Bermuda) Ltd in 2015 while registered with Raymond James. Ms. Ortiz Contreras separated from Raymond James in 2018. The customer’s investment was subsequently renewed in 2019-2020. Former client alleges purchasing a Northstar Financial Services (Bermuda) Ltd investment for which Raymond James and the UN Federal Credit Union failed to conduct adequate due diligence or monitoring of the investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Roberts (Roberts), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Roberts 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 $8,372.91 on January 24, 2023.

A beneficiary of an estate settlement alleged that the advisor changed the date on an estate settlement form after a failure to submit the forms for 3 months, resulting in losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Boehm (Boehm), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Boehm 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 $75,000.00 on January 31, 2023.

According to Lion Street Financial’s filing, Claimant is alleging misrepresentation and failure to supervise the suitability of GWG L-bonds. She purchased $50,000 from her ex-husband, a former registered representative of Lion Street Financial. GWG is currently under review from the SEC. Claimant is seeking $50,000 plus attorney’s fees in damages. Arbitration filed in August 2022. LSF filed to implead the advisor and is looking to settle this matter.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jack Riley (Riley), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Riley 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, 2023.

Time frame: Starting in or about 2017\, \, Allegations: Claimants’ counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Dicker (Dicker), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dicker 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 January 27, 2023.

Client alleges the RR sold all of the equities in her advisory portfolio which created a long term capital gains tax liability.

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

FINRA BrokerCheck shows a final customer complaint on February 01, 2023.

Claimant alleges that Mr. Donnelly failed to follow his father’s instructions to make her the beneficiary of his father’s IRA.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Halkitis (Halkitis), currently associated with the Rockwell Financial Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Halkitis 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 $325,000.00 on January 26, 2023.

I was named as a Control Person of the Firm. No direct allegations we made against me in the Statement of Claim.

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