Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Duncan (Duncan), previously associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Duncan 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 $95,000.00 on December 28, 2020.

Unsuitable investments

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Korn (Korn), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Korn 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 $41,298.68 on March 20, 2024.

The customer alleges they received incorrect information from a firm employee regarding use of a vanguard check to remit irs payment, resulting in penalties and interest, and seeks reimbursement.

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

FINRA BrokerCheck shows a settled customer complaint on April 30, 2025.

Client alleges that they were not properly advised regarding irs rules and tax implications associated with an indirect ira rollover, including limitations related to multiple distributions, resulting in potential financial harm.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Todd (Todd), previously associated with Axa Advisors, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Todd 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 $147,000.00 on May 07, 2025.

This litigation arises from a series of unsuitable financial product and investment strategy recommendations made by Defendants to Plaintiff between May 2018 and February 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Shillin (Shillin), previously associated with A.g.p. / Alliance Global Partners, has at least one disclosable event. These events include one customer complaint, alleging that Shillin 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 $495,000.00 on June 04, 2025.

Clients allege misrepresentation of products, failure to conduct proper due diligence of investments and failure to supervise from May 2018 to April 2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Armstrong (Armstrong), previously associated with Dawson James Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Armstrong 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 $2,330,000.00 on August 29, 2022.

Customer alleges in statement of claim breach of fiduciary duty and negligence in regards to unsold shares of HCMC.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Desselle (Desselle), currently associated with the Leaders Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Desselle 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 $30,085.00 on July 17, 2023.

The Complainant alleges that the representative failed to disclose to the Complaintant that a transaction would result in a taxable event.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alberto Roditi (Roditi), previously associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Roditi 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 $2,000,000.00 on February 20, 2024.

Plaintiffs alleged that they were not sufficiently informed of risks of positions following losses during March of 2020, that IAR was not sufficiently supervised, and that exceeding maximum drawdown objectives constituted a breach of contract.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wesselt (Wesselt), previously associated with Fortune Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Wesselt 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 October 06, 2025.

Claimants allege that Wesselt made unsuitable recommendations regarding the purchase of life insurance policies

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

FINRA BrokerCheck shows a settled customer complaint on October 29, 2025.

Time Frame: January 5th, 2012 to February 24th, 2015\, \, What were the allegations against the individual:   The firm settled a matter where the financial advisor failed to follow her instructions and placed her son as the annuitant on the contract instead of her. \,

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