Reg BI

Broker Carlos Carrillo in LPL Financial LLC Firm Has Customer Complaint

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carlos Carrillo (Carrillo), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Carrillo 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 $17,486.30 on October 18, 2021.

Customer complaint alleges that advisor recommended the Allianz variable annuity even though his desire was to protect the initial investment/principal with only modest growth to compensate for inflation. Client stated he was not aware from the advisor of the buffer/floor feature of product and also he had a 20-day grace period to review the documentation after purchase.

Broker James Mckinney in Cetera Advisors LLC Firm Has Customer Complaint

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Mckinney (Mckinney), previously associated with Cetera Advisors LLC, has at least 5 disclosable events. These events include 5 customer complaints, alleging that Mckinney 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 $1,000,000.00 on October 19, 2021.

Claimant alleges unsuitable investment recommendations.

There are Recent Customer Complaints with Broker Robert Turley in Firm Independent Financial Group, LLC

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Turley (Turley), currently associated with Independent Financial Group, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Turley 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 $76,700.00 on October 25, 2021.

Allege investment was not suitable

Broker Lester Burroughs in Lincoln Investment Firm Has Customer Complaint

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lester Burroughs (Burroughs), previously associated with Lincoln Investment, has at least 4 disclosable events. These events include 3 customer complaints, one regulatory event, alleging that Burroughs recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on October 19, 2021.

Statement of Claim alleges that this individual recommended a series of unsuitable annuity transactions to Claimants, misrepresented the characteristics of the annuities to Claimants, and added unnecessary rider benefits to the annuities. Statement of Claim also alleges that the firm negligently hired, retained and supervised this individual.

There are Recent Customer Complaints with Broker Richard Allen in Firm Woodbury Financial Services, INC.

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Allen (Allen), previously associated with Woodbury Financial Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Allen 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 $100,000.00 on October 22, 2021.

Claimants allege recommendations of certain alternative investments did not meet their needs and objectives; that adequate disclosures regarding the products were not made; and that the firm failed to conduct a diligent review of the product.

There are Recent Customer Complaints with Broker Dustin Chase in Firm J.P. Morgan Securities LLC

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dustin Chase (Chase), previously associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chase 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 $500,000.00 on October 18, 2021.

Claimant alleges the Registered Rep conspired with a third party to change the TOD beneficiary, allowing the third party access to funds. Activity date on or prior to February 10, 2020.

Broker Rodrigo Arauz in Equitable Advisors, LLC Firm Has Customer Complaint

January 19, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 01, 2021.

The client alleges the RR misrepresented a variable life policy sold in 2019.

There are Recent Customer Complaints with Broker Deborah Smogor in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

January 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Deborah Smogor (Smogor), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Smogor recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on October 27, 2021.

The Personal Representative alleges that the Financial Advisor failed to obtain the proper Transfer on Death form in order to have the accounts successfully transferred upon decedent’s death.

Broker Thomas Rauchegger in Kalos Capital, INC. Firm Has Customer Complaint

January 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Rauchegger (Rauchegger), previously associated with Kalos Capital, INC., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Rauchegger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 01, 2021.

CLAIMING UNSUITABLE INVESTMENTS IN HIGH COMMISSION, COMPLEX RISKY ALTERNATIVE INVESTMENTS, AND MULTIPLE ILLIQUID INVESTMENTS PRODUCTS.

Broker Ronald Yount in Copper Financial Firm Has Customer Complaint

January 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Yount (Yount), currently associated with Copper Financial, has at least one disclosable event. These events include one customer complaint, alleging that Yount 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 $800,005.00 on November 01, 2021.

Client alleges RR made unsuitable recommendation to purchase a variable annuity in 2014 and to make an subsequent investment into the annuity in 2015 and also that RR made material misrepresentations and omissions regarding the annuity.