Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Donahue (Donahue), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Donahue 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 $115,000.00  on April 01, 2020.

The customer alleged that the representative invested his assets in unsuitable REIT’s without his knowledge, mismanaged his mutual fund portfolio with an untimely recommendation to liquidate, made a poor recommendation to purchase an annuity with a high cost income rider, and misrepresented the risk of these investments; beginning in and around September of 2005.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Terry Cutrer (Cutrer), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Cutrer 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 $25,935.00  on April 01, 2020.

Client alleges financial advisor misrepresented the potential tax implications on the 2019 IRA distributions.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Capra (Capra), currently associated with Quincy Wells Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Capra 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 $1,580,000.00  on April 01, 2020.

Clients allege unsuitable recommendations of GPB products.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hillary Wertlieb (Wertlieb), currently associated with A.g.p. / Alliance Global Partners, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wertlieb recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 02, 2020.

Breach of fiduciary duty, negligence, and breach of contract.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Walsh (Walsh), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Walsh 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 $17,001.00  on April 01, 2020.

Client alleges unauthorized trading regarding mutual fund investments. Activity dates 03/23/2020-03/23/2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tom Puentes (Puentes), previously associated with Peachcap Securities, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Puentes 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 $616,320.00  on March 31, 2020.

Claimants allege inter alia, that certain Puerto Rico Municipal Bond investments purchased from 2009 to 2013 were unsuitable.

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

FINRA BrokerCheck shows a settled customer complaint on March 30, 2020.

The customer alleges unsuitable investment recommendations from July 2019 until March 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Franklin (Franklin), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Franklin 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 $25,000.00  on March 31, 2020.

Claimant, through his power of attorney, alleges that in 2014 advisor recommended claimant to invest in a Real Estate Investment Trust (‘REIT’) that was unsuitable for the claimant’s risk tolerance and also failed to advise the claimant about the REIT’s risks and commissions.

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

FINRA BrokerCheck shows a settled customer complaint on April 07, 2020.

Client alleged she specifically told the advisor she needed the distribution from her ira to be for the 2019 tax year but the distribution did not occur until January 2, 2020, which cost her thousands of dollars. The activity occurred between December 19, 2019, through January 2, 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Wesley Jones (Jones), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Jones 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 $8,000.00  on April 07, 2020.

The customer alleges failure to follow instructions on February 4, 2020.

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