Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Velez (Velez), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Velez 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 $32,000.00 on July 13, 2023.

Customer alleged the Representative misrepresented a variable universal life insurance policy as an investment and alleged the policy was not suitable for the customer because of the premium obligations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Wagstaff (Wagstaff), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wagstaff 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 $184,000.00 on July 12, 2023.

Customer alleged that the representative made an unsuitable recommendation to transfer an annuity that caused a tax event.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bradley Meyers (Meyers), previously associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Meyers 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 $50,000.00 on July 17, 2023.

Client alleges unsuitable investment recommendations in July 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Derek Taylor (Taylor), currently associated with the Huntington Investment Company, has at least one disclosable event. These events include one customer complaint, alleging that Taylor 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 $25,000.00 on July 13, 2023.

Client alleges that the advisor’s recommendation to invest in a REIT was unsuitable. The allegation activity date was 3/15/2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Mills (Mills), previously associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mills 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 $18,100.00 on July 16, 2023.

Customer alleged that positions transferred into their account were liquidated when they should have been transferred in-kind.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk Balin (Balin), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Balin 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 July 13, 2023.

Customer alleges representative recommended an unsuitable portfolio of investments from 2016-2023.

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

FINRA BrokerCheck shows a final customer complaint on July 21, 2023.

Respondent Luley failed to respond to FINRA requests for information.

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

FINRA BrokerCheck shows a settled customer complaint on July 15, 2023.

Complainants expressed concerns regarding life insurance policies and signature, e-mail and information discrepancies found in their customer account forms beginning in or around 2020.

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

FINRA BrokerCheck shows a settled customer complaint on July 14, 2023.

Time Frame: March 24th, 2022 to April 25th, 2022\, \, What were the allegations against the individual? The client alleges the Financial Advisor failed to enter trades as instructed. The alleged damages are estimated to be in excess of $5000.00.

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

FINRA BrokerCheck shows a settled customer complaint on July 17, 2023.

No product. Alleged failure to disclose tax consequences of inherited IRA withdrawal.

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