Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leslie Kern (Kern), previously associated with D.h. Hill Securities, Lllp, has at least one disclosable event. These events include one customer complaint, alleging that Kern 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 $200,000.00 on December 04, 2023.

Claimants were clients between 2016 to 2023. Allegations include unsuitable concentration and unsuitable recommendations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Zientarski (Zientarski), previously associated with Planmember Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Zientarski 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 $58,000.00 on November 30, 2023.

Client alleges that representative represented the variable annuity he purchased as a liquid savings investment and that, in practice, the account was subject to both surrender charges and market losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Barry Schwartz (Schwartz), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Schwartz 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 $1,000,000.00 on December 05, 2023.

Time frame:     January 2021 to February 2022\, \, Allegations: Claimants allege unsuitability and overconcentration of certain investments, and that such investments resulted in principal losses. Claimants further allege misrepresentation with respect to the handling of Claimants’ investment accounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Dutton (Dutton), previously associated with Peak Brokerage Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dutton 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 December 08, 2023.

BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, FAILURE TO SUPERVISE AND NEGLIGENCE.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joshua Allen (Allen), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Allen 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 $100,000.00 on December 07, 2023.

Claimant alleges violations with respect to the type of accounts opened, suitability of investment recommendations, and supervision of her accounts and financial advisor. Activity dates 12/3/21 – 11/6/23.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Janine Ledbetter (Ledbetter), previously associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ledbetter 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 $99,999.00 on December 05, 2023.

Claimants allege unsuitable recommendations of alternative investments, primarily in Northstar Healthcare REIT starting in 2013.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marci Coots (Coots), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Coots 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 $300,000.00 on December 07, 2023.

Client alleges, inter alia, that they did not authorize the sale of certain securities in their accounts at the end of 2022

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luke Alger (Alger), currently associated with Truist Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Alger 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 $200,000.00 on December 07, 2023.

Client alleges representative made an unsuitable recommendation in intermediate and long-term-bond funds in October of 2020.

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

FINRA BrokerCheck shows a settled customer complaint on December 05, 2023.

In a written complaint, the client alleges the Firm executed unauthorized transactions by failing to follow investment instructions related to a rollover from her deceased spouse’s account. To resolve the issue, TIAA corrected the transactions and credited the client’s account $156,316.63, an amount equal to potential lost earnings, on December 29, 2023.

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

FINRA BrokerCheck shows a pending customer complaint on December 08, 2023.

Claimant alleges that beginning around September 2012, the financial advisor made unsuitable investments, specifically in unit investment trust (UIT) and exchange-traded funds (ETF), to maximize his compensation

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