Articles Posted in Reg BI

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

FINRA BrokerCheck shows a pending customer complaint on February 28, 2024.

The customers allege that the Registered Representative recommended unsuitable investments and investment strategies in various illiquid investments. No specific dates for the alleged activity were identified in the Statement of Claim.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Pearson (Pearson), previously associated with Principal Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pearson 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 $5,001.00 on February 29, 2024.

The complainant alleges negligence, breach of fiduciary duty, conversion, forgery and fraud, beginning on/or about September 2003, relative to an IRA account, Variable and Fixed Annuities.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Bailey (Bailey), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Bailey 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 February 29, 2024.

The client alleges starting in or around 2018, the representative provided poor advice by implementing a strategy that is inconsistent with how the funds are supposed to be used.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Freddie Crandall (Crandall), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Crandall 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 $400,000.00 on March 01, 2024.

The claimant alleges unsuitable investment recommendations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Mcelwreath (Mcelwreath), currently associated with Arbor Research & Trading, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mcelwreath 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 February 29, 2024.

CLAIMANT ALLEGES JAVELIN SECURITIES LLC MARKETED A PARTICULAR INVESTMENT ON THE BASIS OF INSUFFICIENT DUE DILIGENCE, MISREPRESENTATIONS, NEGLIGENCE AND BREACH OF DUTY. THE DATES INCLUDED APRIL 2022 THROUGH JANUARY 2024, WHEN JAVELIN SECURITIES LLC CEASED AS A BROKER DEALER.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kendall (Kendall), previously associated with Principal Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kendall 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 $5,001.00 on February 29, 2024.

The complainant alleges negligence, breach of fiduciary duty, conversion, forgery and fraud, beginning on/or about September 2003, relative to an IRA account, Variable and Fixed Annuities.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Moran (Moran), previously associated with Wells Fargo Advisors Financial Network, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Moran 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 March 01, 2024.

Claimant alleges that beginning sometime in 2018 her Financial Advisor acted contrary to her instructions which resulted in unnecessary tax implications and prevented her account from growing to its full potential.

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

FINRA BrokerCheck shows a settled customer complaint on June 07, 2024.

The customer alleges she was misled when she purchased a variable annuity in November 2021. The Customer no longer wants the annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy O’brien (O’brien), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that O’brien 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 $220,000.00 on October 10, 2024.

Breach of fiduciary duty, negligence, breach of contract, negligent supervision, violation of applicable laws and industry rules; unsuitable recommendation

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk O’brien (O’brien), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that O’brien 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 $45,000.00 on August 30, 2024.

Claimant alleges their representative recommended an unsuitable Oil and Gas program.

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