Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Quirk (Quirk), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Quirk 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 September 22, 2023.

Statement of Claim alleges FP recommended unsuitable non-traded Real Estate Investment Trusts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tyler Cardon (Cardon), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cardon 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 $63,733.00 on September 14, 2023.

Customer alleged that the representative did not explain potential tax implications to invest in a managed account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Monken (Monken), currently associated with Morgan Stanley, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Monken 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 $750,000.00 on September 21, 2023.

Claim alleges, inter alia, that the trading strategy implemented in the client’s account was not in her best interest 2020-2022

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

FINRA BrokerCheck shows a settled customer complaint on September 19, 2023.

The Customer alleges he was misled regarding surrender charges related to his variable annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Stiba (Stiba), currently associated with Lion Street Financial, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Stiba 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 September 21, 2023.

Alternative investment, client alleges alternative investment was an inappropriate recommendation.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Terrance Meyer (Meyer), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Meyer 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 $33,000.00 on September 15, 2023.

Customer alleged two variable life insurance policies were not fully explained and alleged breach of fiduciary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joshua Baker (Baker), previously associated with Oneamerica Securities, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Baker 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 $5,000,000.00 on September 13, 2023.

The complainants allege that their registered representative, beginning in or around 2021, made material misrepresentations in the sale of Whole Life Insurance and Variable Annuities, and falsified signatures and made fraudulent representations on insurance applications.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Cimino (Cimino), currently associated with American Global Wealth Management, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cimino 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 $648,745.00 on September 13, 2023.

CLAIMANT ALLEGES IN OR AROUND DECEMBER 2017, HER MOTHER’S FINANCIAL ADVISORS (FA) MADE UNSUITABLE INVESTMENTS WITH REGARD TO HER WELLS FARGO (WF) ACCOUNTS.

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

FINRA BrokerCheck shows a settled customer complaint on September 18, 2023.

The complainant alleges, that in or around November 30, 2016, his registered representative, advised him to partially redeem his variable annuity, to fund a whole life policy, which was misrepresented. The complainant says that because of the redemption, he has incurred significant taxes, and says he had cash available elsewhere and should not have been advised to partially redeem the variable annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dan Wagner (Wagner), currently associated with Arkadios Capital, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wagner 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 $189,550.00 on September 22, 2023.

Customer alleges REIT and LP investments made in 2015 were unsuitable.

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