Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roberto Maldonado (Maldonado), currently associated with Independent Financial Group, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Maldonado 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 $440,000.00 on April 28, 2021.

Client alleges overconcentration, unsuitability, breach of fiduciary duty, violations of securities laws and rules, breach of contract, negligence, fraud, false inducement to inaction, negligent supervision (Puerto Rico closed-end funds). Includes request for rescission, punitive damages, interest, costs, fees.

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

FINRA BrokerCheck shows a settled customer complaint on May 03, 2021.

Client alleges, inter alia, unsuitability with respect to investments – 2011-2016 Damages unspecified

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jam Manauchehri (Manauchehri), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Manauchehri 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, 2021.

Claimant alleges that he did not authorize the margin positions that were taken in his investment account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Taylor (Taylor), currently associated with Msec, LLC, 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 $150,000.00 on April 26, 2021.

Claimant alleges misrepresentation associated with the sale of alternative investments in 2012.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Destefano (Destefano), currently associated with Fmsbonds, INC., has at least one disclosable event. These events include one customer complaint, alleging that Destefano 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 $1,225,000.00 on April 30, 2021.

A third-party, beneficiary of a deceased former client of the firm’s has alleged that the trust of the former client was overconcentrated with with various unsuitable Puerto Rico municipal bonds causing losses to incurred by the trust.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Antonio Almeida (Almeida), previously associated with Worden Capital Management LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Almeida 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 $106,882.07 on April 26, 2021.

Time frame: December 2012 – November 2020. Claimant(s) allege unsuitable investment recommendations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Horst (Horst), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Horst 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 April 28, 2021.

The Claimant alleges that the registered representative recommended an investment that was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sean Kiltau (Kiltau), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kiltau 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 $99,000.00 on April 30, 2021.

Claimants allege that, during an unspecified time range, their Financial Advisor made unsuitable recommendations to them.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Giancola (Giancola), previously associated with Traderfield Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Giancola 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 $19,510.00 on April 30, 2021.

Clinet clains that he was charged to much commission two years after he confirmed trades

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Momper (Momper), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Momper 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 $150,000.00 on May 03, 2021.

Clients allege suitability issues in alternative investment purchases

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