Reg BI

There are Recent Customer Complaints with Broker John Rocco in Firm Nylife Securities LLC

August 5, 2025 | by Staff Attorney

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

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

The policy owner alleges he did not sign or authorize the policy delivery receipt or amendment for a fixed life insurance policy on February 1, 2007.

Broker James Morrison in Kestra Investment Services, LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Morrison (Morrison), previously associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morrison 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 $450,000.00 on June 17, 2025.

Claimant alleges that an unsuitable product was sold.

Broker Joseph Darracq in Kestra Investment Services, LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Darracq (Darracq), previously associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Darracq 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 $450,000.00 on June 17, 2025.

Claimant alleges that an unsuitable product was sold.

There are Recent Customer Complaints with Broker Michael Ning in Firm Arque Capital, Ltd.

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Ning (Ning), previously associated with Arque Capital, Ltd., has at least one disclosable event. These events include one regulatory event, alleging that Ning recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on June 04, 2025.

Ning was named a respondent in a FINRA complaint alleging that it failed to provide documents and information requested by FINRA in connection with its investigation into whether certain securities recommendations by his member firm’s registered representatives to customers were in the best interests of the customers. The complaint alleges that Ning was President, CEO, and custodian of records for the firm. FINRA sought documents regarding certain identified securities, and the firm’s recommendations of, and communications regarding, those securities to specified customers of two former firm representatives, among other things. The documents and information FINRA requested were material to its investigation because they directly related to recommendations of certain identified securities by the firm’s representatives to specified customers of the two former firm representatives, whether those securities were in the customers’ best interest, and whether those individuals and/or the firm violated any securities laws, regulations, or FINRA rules. The complaint also alleges that Ning failed to provide the requested records in his role as the firm’s custodian. On March 29, 2024, Ning, on behalf of the firm, filed an amended Form BDW with FINRA naming himself as the designated custodian of records. In this role, Ning was required to make the requested records available to FINRA upon request yet failed to do so.

Broker William Campbell in David Lerner Associates, INC. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Campbell (Campbell), previously associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Campbell 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 $120,000.00 on June 23, 2025.

From November 17, 2017 allegations unsuitability, misrepresentation and omissions

Broker Patrick Hobert in Centaurus Financial, INC. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Hobert (Hobert), currently associated with Centaurus Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hobert 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 $65,000.00 on June 02, 2025.

The customer alleges that in November of 2019, the Registered Representative misrepresented and recommended an unsuitable, illiquid investment.

There are Recent Customer Complaints with Broker Kim Kunz in Firm Westpark Capital, INC.

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kim Kunz (Kunz), previously associated with Westpark Capital, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Kunz 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 $60,000.00 on July 08, 2025.

The claimants filed this action against Respondent relative to their purchase of GWG L Bonds for 1) breach of contract pursuant to the customer agreements; 2) breach of fiduciary duty of failing to act in Claimants’ best interests, to deal fairly and honestly with the Claimants, to observe fair business practices and equitable principles of trade as embodied in the standards of the securities industry, FINRA Rules, and Respondent’s own internal policies, to make only suitable investments and not to knowingly or negligently make material misrepresentations and omissions to Claimants; 3) failure to supervise by neglecting its duty to properly supervise and control its agents pursuant, but not limited, to Section 20(a) of the 1934 Securities and Exchange Act, FINRA Rule 3111, and Section 342 of the NYSE Rules; 4) negligence and gross negligence; 5) misrepresentations and omissions, 6) violation of FINRA Rules, 7) violation of the federal securities laws, 8) violation of the California Securities Act and 9) violation of the Best Interest Obligations (Reg B1).

Broker Ryan Cooper in Nylife Securities LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 21, 2025.

Customers alleged the Variable Annuity policies they each purchased between July – August 2024 were not compatible with their requests and the rationale was not clearly understood.

There are Recent Customer Complaints with Broker Cecile Gallot in Firm Thrivent Investment Management INC.

August 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 16, 2025.

Client alleged the variable annuity purchased in March of 2023 was not appropriate due to his liquidity needs.

Broker Kyle Geblein in Ameriprise Financial Services, LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kyle Geblein (Geblein), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Geblein 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 $16,641.92 on April 15, 2025.

The client alleged that the advisor traded in his Qualified Strategic Portfolio Service Advisory account on January 6, 2025, prior to receiving his approval of the elected asset allocation model.