Articles Posted in Reg BI

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

FINRA BrokerCheck shows a settled customer complaint on April 29, 2022.

Claimant alleges the RR recommended an unsuitable Oil & Gas investment.

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

FINRA BrokerCheck shows a settled customer complaint on April 29, 2022.

The trustees of the deceased client allege they were not informed of the capital gains generated from the liquidation of the Advisory account and the tax consequences that resulted.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pinto (Pinto), currently associated with Pnc Wealth Management LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pinto 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 $95,540.00 on May 06, 2022.

Customer alleges that registered representative’s execution of equity liquidation order was inconsistent with customer’s instruction.

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

FINRA BrokerCheck shows a settled customer complaint on May 05, 2022.

The claimant alleges the investments he purchased in 2014 were overconcentrated, unsuitable, and misrepresented to him by the representative. Additionally, the claimant alleges the firm failed to conduct due diligence of the investments and failed to supervise the activities of the representative.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Aiken (Aiken), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Aiken 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 $16,424.22 on May 03, 2022.

Client looking for short term production better than bank CD, but wanted principal guarantee as assets were to be used to purchase a home. Value decreased

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philip Pursino (Pursino), previously associated with Ameriprise Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pursino 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 $350,000.00 on May 02, 2022.

The claimant asserted the following causes of action: breach of fiduciary duty; unsuitability; negligence; common law fraud; breach of contract; negligent supervision; and respondent superior. The causes of action relate to unspecified securities.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joe Mcadams (Mcadams), currently associated with State Farm Vp Management Corp., has at least one disclosable event. These events include one customer complaint, alleging that Mcadams 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 $251,740.00 on May 05, 2022.

Customer alleges that the beneficiaries were not listed correctly.

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

FINRA BrokerCheck shows a settled customer complaint on April 29, 2022.

Claimant alleges the RR recommended an unsuitable Oil & Gas investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Furlong (Furlong), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Furlong 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 May 02, 2022.

Time frame: 2018-2021 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ernest Holguin (Holguin), currently associated with Wells Fargo Advisors Financial Network, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Holguin 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, 2022.

Client verbally complained that the Financial Advisor reallocated his money market funds without authorization. (10/1/2021- 4/30/2022)

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