Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randall Skrabonja (Skrabonja), previously associated with Green Vista Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Skrabonja 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 27, 2023.

CLAIMANTS ALLEGE BREACH OF FIDUCIARY DUTY; VIOLATION OF FINRA RULES , BREACH OF CONTRACT AND NEGLIGENCE; AND NEGLIGENT SUPERVISION.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Larry Lucco (Lucco), previously associated with Nfp Advisor Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lucco 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 October 30, 2023.

Claimant alleges Lucco allowed the claimant’s life insurance policies to lapse and misrepresented this to the claimants. Claimants also allege Lucco made unauthorized transactions.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Davenport (Davenport), previously associated with Liberty Partners Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Davenport 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 $150,000.00 on October 30, 2023.

The Claimants allege that the financial professional sold them an alternative investment that was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Tofilon (Tofilon), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Tofilon 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 $340,000.00 on October 30, 2023.

Claimants allege, inter alia, misrepresentation with respect to municipal bonds investment – 2018 to May 2023

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

FINRA BrokerCheck shows a settled customer complaint on October 30, 2023.

Unexpected reduction of guaranteed benefit payment as a result of excess annual withdrawals that were not identified by financial professional.

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

FINRA BrokerCheck shows a pending customer complaint on November 07, 2023.

Customer alleges the Variable Annuity policy he purchased in May 2023 has a long holding period that does not provide liquidity. He further alleges that this product does not take into consideration his age or his limited knowledge of the product.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Foldhazy (Foldhazy), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Foldhazy 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 $48,000.00 on November 06, 2023.

Unsuitability

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $1,000,000.00 on November 02, 2023.

Claimants allege representative and the firm took advantage of them in order to enrich themselves by recommending they invest in an offering they claim to be fraudulent.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Orlowski (Orlowski), currently associated with Commerce One Financial INC., has at least one disclosable event. These events include one customer complaint, alleging that Orlowski 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 $32,000.00 on November 07, 2023.

Mishandling of account from July 2017-October 2018

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kiblin (Kiblin), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Kiblin 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 $28,554.44 on November 06, 2023.

Customer alleged RR misrepresented the guaranteed earnings and surrender penalty for the Variable Annuity issued in July 2021.

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