Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Felsenfeld (Felsenfeld), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Felsenfeld 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 $100,000.00 on June 05, 2025.

Claimant states that representative recommended GWG L Bong and Spring Hill Holdings to client. Client states misrepresentation of safety of investments and states that he was looking for investments to generate income and protect his principal. Claim seeks damages of $100,000 for unsuitable investments, failure to act in customers best interest, misrepresentation and omissions, breach of fiduciary duty, breach of contract, failure to supervise, negligence and violation of federal securities laws.

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

FINRA BrokerCheck shows a pending customer complaint on July 03, 2025.

Customer alleges she had losses in bond funds that did not match her investment objectives from September 2023 through June 2025.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gihan Fernando (Fernando), currently associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fernando 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 $250,000.00 on June 05, 2025.

Complainant alleges that certain features of the product were misrepresented during sales process on or around May 2015.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Street (Street), currently associated with Fbl Marketing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Street 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 $51,304.00 on June 24, 2025.

Client states trades were placed in accounts without proper thought on tax consequence by the advisor which led to the client owing over $50K in state and federal taxes. Client states tax consequences were not explained to them by the rep and were blindsided when they did their taxes for the year.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leo Chien (Chien), previously associated with Cetera Investment Services LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Chien recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on June 16, 2025.

Client alleges the representative told her the northstar healthcare income reit offered principal protection and a high interest rate. When she sold she received $9,090.00 from a purchase amount of $30,000.00.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Baker (Baker), currently associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Baker 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 $50,000.00 on May 28, 2025.

Allege that investment was in a risky, privately traded REIT which was not suitable for a portion of his retirement savings

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kleiner (Kleiner), previously associated with Morgan Stanley, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kleiner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 02, 2025.

Claimant alleged, inter alia, FA recommended outside investment not authorized by the firm – May 2018 to March 2025

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Megurditch Patatian (Patatian), previously associated with Supreme Alliance LLC, has at least one disclosable event. These events include one customer complaint, alleging that Patatian 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 $5,000.00 on July 09, 2025.

Unsuitable investment in 3 real estate investment trusts in 2013, 2015, and 2016

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Graham (Graham), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Graham 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 $300,000.00 on June 16, 2025.

Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Po (Po), currently associated with Emerson Equity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Po 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 $100,000.00 on July 11, 2025.

Information contained herein was obtained from the U5 filing by representative’ previous firm. Claim alleges breach of contract, breach of fiduciary duty, failure to supervise, violation of Best Interest obligation for bonds purchased in 2020

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