Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donna Payne (Payne), currently associated with Centaurus Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Payne recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

The customer alleges that the Registered Representative recommended an unsuitable investment and investment strategies in an illiquid alternative 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 James Kickel (Kickel), previously associated with Fsc Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Kickel 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 $300,000.00 on December 19, 2023.

The Statement of Claim was filed on behalf of nine claimants against Grove Point Investments, LLC involving the same investment – NorthStar Healthcare Income REIT. Claimants allege unsuitability, overconcentration, breach of fiduciary duty and negligence. Activity occurred March 24, 2014 to February 12, 2016.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tyler Johnson (Johnson), currently associated with Edward Jones, 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 $20,619.00 on December 20, 2023.

Client alleges that investment advice from the Financial Advisor which failed to mention potential tax implications has resulted in the significant tax debts.

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

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

The customer alleges that the Registered Representative recommended an unsuitable investment and investment strategies in an illiquid alternative investment. 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 David Trimble (Trimble), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Trimble recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

Claimants allege REIT purchased was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Tantoco (Tantoco), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Tantoco 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 20, 2023.

As stated by Independent Financial Group, LLC, the claimant alleges that investment was not in line with client’s stated objectives and risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Eggleton (Eggleton), currently associated with Ameritas Investment Company, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Eggleton 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 $450,000.00 on December 20, 2023.

Claimants allege investment recommendation in the purchase of a REIT was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Felix Lemarinel (Lemarinel), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lemarinel 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 $9,500.00 on December 19, 2023.

Mr. Lemarinel appears to have helped a customer to establish a non-qualified corporate account. The account was supposed to be a qualified Defined Benefit Plan.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Howard Raff (Raff), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Raff 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 $300,000.00 on December 19, 2023.

The Statement of Claim was filed on behalf of nine claimants against Grove Point Investments, LLC involving the same investment – NorthStar Healthcare Income REIT. Claimants allege unsuitability, overconcentration, breach of fiduciary duty and negligence. Activity occurred March 24, 2014 to February 12, 2016.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Cote (Cote), currently associated with Gpwa, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Cote 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 $50,000.00 on December 19, 2023.

The Claimant alleges that the financial professional failed to adequately supervise the sale of an alternative investment by a representative under his direct supervision. The product sale took place on 8/4/2015 and the account was transferred on 11/18/2016.

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