Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patricia Gleason (Gleason), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gleason 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 $500,000.00 on February 12, 2021.

Claimants allege that their registered representative recommended unsuitable alternative investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Price (Price), previously associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Price 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 $19,096.28 on February 10, 2021.

Client alleges unauthorized trading and uninvested credit balances. Allegation Activity Dates: 3/1/2017 – 1/29/2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Falke (Falke), currently associated with Kingswood Capital Partners, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Falke 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 February 12, 2021.

Counsel for the customers alleges unsuitability with respect to preferred stocks.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Parrinello (Parrinello), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Parrinello 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 $13,887.71 on February 15, 2021.

The customer alleges misrepresentation of the risk factors and sales charge in regards to the purchase of a mutual fund.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philip Beviano (Beviano), currently associated with Flagstar Advisors, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Beviano 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 $130,000.00 on February 11, 2021.

Client alleges Financial Loss due to misleading statements and faulty investment advice.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Velma Colfack (Colfack), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Colfack 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 $20,174.19 on February 10, 2021.

Plaintiffs allege breaches of fiduciary duties and negligence in connection with the execution of change of beneficiary instructions allegedly provided by account holder. Activity time period is 6/20/20 – 10/20/20

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Taek Chong (Chong), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chong 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 $73,814.52 on February 09, 2021.

Former FA charged commissions to client [REDACTED] Securities Trust Co., Ltd., in excess of the applicable rate using “dummy” confirmations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Martin (Martin), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Martin 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 $5,000.00 on February 10, 2021.

At the time of the sale the rep did not disclose the 1% penalty for withdrawals during the first 18 months.

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

FINRA BrokerCheck shows a settled customer complaint on February 12, 2021.

Client cites failure to supervise client’s financial advisor, which she alleges did not complete changes she authorized in an email to her financial advisor in February 2020. Client requests that her accounts be restored to their January 2, 2020 values.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Lewis (Lewis), previously associated with Sanctuary Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lewis 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 $763,322.10 on February 12, 2021.

Representative was named in a customer complaint that asserted the following causes of action: fraud and negligent misrepresentation.

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