Reg BI

Broker Marc Hallick in Raymond James & Associates, INC. Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Hallick (Hallick), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hallick 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 $6,500,000.00 on November 02, 2023.

Claimants allege FA deployed an unsuitable investment strategy involving short selling concentrated positions on margin and failed to explain the material facts and risks of the strategy.

Broker Scott Matalon in RBC Capital Markets, LLC Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Matalon (Matalon), previously associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Matalon 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 $1,500,000.00 on November 06, 2023.

Claimants contend that their financial advisor made unsuitable investment recommendations from August 2019 to July 2021.

There are Recent Customer Complaints with Broker Russell Stola in Firm LPL Financial LLC

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Russell Stola (Stola), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stola 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 $36,000.00 on November 02, 2023.

Claimant alleges that during the time period 2012-2022, representative made unsuitable investment recommendations.

There are Recent Customer Complaints with Broker Brian Stern in Firm Osaic Wealth, INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Stern (Stern), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Stern 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 $845,000.00 on November 03, 2023.

Per Transamerica Financial Advisors, Inc.’s U5 Filing, client’s estate alleges that rep advised client to surrender her husband’s annuity after his death and subsequently sold her products that were unsuitable for her.

There are Recent Customer Complaints with Broker Mark Erwin in Firm Commonwealth Financial Network

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Erwin (Erwin), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Erwin 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 $144,448.24 on November 01, 2023.

Client alleges that RR allowed her husband to make distributions from her account despite fact that RR personally spoke with client on almost all occasions related to the transactions and the client herself was emailed copies of the required forms.

Broker James Peters in Centaurus Financial, INC. Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Peters (Peters), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Peters 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 $85,000.00 on November 03, 2023.

The customers allege that in December of 2020, the Registered Representative recommended unsuitable, complex, high-risk, speculative and illiquid investments and breached his fiduciary duty.

There are Recent Customer Complaints with Broker Erkan Afacan in Firm Cambridge Investment Research, INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Erkan Afacan (Afacan), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Afacan 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 $500,000.00 on October 31, 2023.

Statement of Claim alleges the financial professional recommended unsuitable investments. Claimants suggest the investments were misrepresented to them.

Broker Mark Stewart in M Stevens Securities, LLC Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a award / judgment customer complaint on November 03, 2023.

Client purchased GWG L-Bonds in October of 2018. After meeting an opportunistic lawyer in 2022, the investor claims that he was not suitable after receiving interest payments for 3 years now that GWG is in reorganization bankruptcy.

There are Recent Customer Complaints with Broker Joel Johnson in Firm Silver Oak Securities, Incorporated

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Johnson (Johnson), previously associated with Silver Oak Securities, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 November 02, 2023.

Claimant states, “The nature of the investment products, the concentration issue, the unsuitability, heighted supervision required, and the risks associated with the illiquidity, lack of transparency, and high-commission product – disguised and misrepresented as a suitable investment strategy – were all on Respondent and FA Johnson. But for their recommendations and negligent misrepresentations and omissions of material facts, Claimant would not have incurred the unnecessary losses and damages in this case.”

There are Recent Customer Complaints with Broker Bradley Ford in Firm Madison Avenue Securities, LLC

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bradley Ford (Ford), currently associated with Madison Avenue Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Ford 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 $55,000.00 on November 02, 2023.

Client filed a complaint with the State of Indiana regarding the sale of two REIT products in May of 2014, citing that the products were unsuitable.