Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Raupp (Raupp), currently associated with Concorde Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Raupp 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 $270,000.00 on February 08, 2023.

Claim is alleging suitability, misrepresentation, and violation of FINRA rules 2010 (fiduciary duty) relating to investments made in 2015 to 2017.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Austin Fox (Fox), previously associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fox 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 $40,000.00 on February 14, 2023.

Claimant alleges that Respondent’s registered representative failed to disclose market and tax risk.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nathan Alexander (Alexander), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Alexander 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 $6,355.00 on February 14, 2023.

Customer alleged that the representative did not disclose the taxability of changing investment products.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mary Dineen (Dineen), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Dineen 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 $540,000.00 on February 10, 2023.

Time frame:     2018-present \, \, Allegations: Claimant alleges funds from trust were removed without authorization or consent, and funds have been allegedly missing.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marna Hart (Hart), previously associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hart 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 February 06, 2023.

Allege investment was not suitable. See #24 below for additional information.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Kocsis (Kocsis), currently associated with Great Point Capital LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kocsis 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 $250,000.00 on February 08, 2023.

The investments at issue were replacement property as part of a Section 1031 Exchange. Claimants allege they were not suitable for the investment, and that there was not a reasonable basis for the investment recommendation. Claimants allege omissions and misstatements if fact. They also allege misrepresentation, breach of contract and other claims. Occurrences were in 2019 and 2020. Although not named in this claim Mr. Kocsis is alleged to have involved in the occurrences.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Hendrickson (Hendrickson), previously associated with N.i.s. Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hendrickson 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 $5,182.07 on February 09, 2023.

The client submitted complaint on February 9, 2023, alleging that Registered Representative told the clients on November 08, 2021 that there would be no fees charged if they invested $250,000.00 or more into their mutual fund account, so the client set up a new account with $250,000 LOI and sent in purchase of $240,000.00 and was charged 2.5% sales charge. This sales charge was in prospectus. Please see more detail in Complaint filing id 6582425.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juvenal Gaspar (Gaspar), currently associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Gaspar 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 $63,000.00 on February 12, 2023.

On February 12, 2023, the firm received an oral complaint from pfsi client [redacted] alleging that registered representative juvenal gaspar misrepresented the investment and it was not suitable for her investment objectives.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hui Chen (Chen), currently associated with Upmarket Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chen 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 $300,000.00 on February 15, 2023.

Fraud and misrepresentation

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Wright (Wright), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Wright 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 $10,316.37 on February 17, 2023.

Client alleges that purchases of mutual funds were unauthorized and unsuitable.

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