Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kiblen (Kiblen), currently associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Kiblen 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 August 23, 2023.

Client alleges unsuitable investments, breach of fiduciary duty and negligence regarding the sale of Griffin Capital REIT II and Northstar Healthcare that was effected in 2015.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Beers (Beers), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Beers 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 $250,000.00 on August 29, 2023.

Claimant alleges, inter alia, unsuitability with respect to variable annuity investment-  June 2021 to Feb 2024

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Hardy (Hardy), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Hardy 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 $11,053.00 on August 25, 2023.

Time Frame: December 23rd 2021 to July 16th 2022\, \, What were the allegations against the individual: The POA alleges unsuitability in that the investments did not align with the client’s investment risk profile.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Byers (Byers), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Byers 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 $600,000.00 on August 22, 2023.

Time frame:    March 2020 through mid-2022\, \, Allegations: Clients allege unsuitability and misrepresentation in connection with a put options writing strategy, which resulted in principal losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Radoo (Radoo), previously associated with Union Capital Company, has at least one disclosable event. These events include one customer complaint, alleging that Radoo 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 $5,000.00 on August 29, 2023.

Beginning in 2016, the claimant alleges registered representative solicited claimants to invest in his cannabis cultivation company outside of the firm.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Rhoads (Rhoads), currently associated with United Planners’ Financial Services of America A Limited Partner, has at least one disclosable event. These events include one customer complaint, alleging that Rhoads recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on August 22, 2023.

Fraudulent misrepresentation, negligent misrepresentation, aiding and abetting the breach of fiduciary duty, aiding and abetting in fraud, fraud by concealment, fraud by non-disclosure and negligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ann Greene (Greene), currently associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Greene 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 $5,473,610.58 on August 28, 2023.

Plaintiffs allege John Woods and Michael Mooney conducted a Ponzi Scheme and that Gordon Morse and Ann Greene failed to supervise. From 2008-2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Persinski (Persinski), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Persinski 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 $56,000,000.00 on August 24, 2023.

Claimants allege breach of fiduciary duty, negligence, fraud, breach of contract, third party beneficiary breach of contract, violation of Regulation BI, and negligent supervision related to alleged failure to provide advice on a concentrated position and alleged recommendation to use a line of credit to further concentrate their assets.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Thornton (Thornton), previously associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thornton 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 $691,000.00 on August 25, 2023.

Customer alleges failure to supervise. Activity dates 2017 – 3/2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Gelok (Gelok), currently associated with Aag Capital, Inc, has at least one disclosable event. These events include one customer complaint, alleging that Gelok 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 $50,000.00 on August 28, 2023.

Client claimed not to understand indexed life insurance policy from Minnesota Life

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