Reg BI

Broker Jongwook Kim in Equitable Advisors, LLC Firm Has Customer Complaint

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jongwook Kim (Kim), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kim 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.

Claimant alleges REIT purchased was unsuitable.

There are Recent Customer Complaints with Broker Herbert White in Firm Lifemark Securities Corp.

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Herbert White (White), currently associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that White 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 $50,000.00 on December 20, 2023.

Attorneys representing the client allege that certain investment recommendations were not in keeping with the client’s needs and objectives, and that they were not adequately described to the client.

Broker Mark Wolpert in MML Investors Services, LLC Firm Has Customer Complaint

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Wolpert (Wolpert), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wolpert 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 complainant alleges that his registered representative misrepresented, and sold him illiquid, unsuitable, complex alternative investments, disguised as a suitable investment strategy, on or about January 28, 2015, and has suffered damages of approximately $50,000.

Broker Steven Flahive in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

June 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $517,499.89 on December 19, 2023.

Claimants allege that beginning in 2020, an agreement with the FA on commissions to be charged ceased being followed without the consent of Claimants who were overcharged.

Broker Chad Nyitray in Ameriprise Financial Services, LLC Firm Has Customer Complaint

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chad Nyitray (Nyitray), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nyitray 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.

There are Recent Customer Complaints with Broker Paul Nowak in Firm Ameriprise Financial Services, LLC

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Nowak (Nowak), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nowak 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.

Broker Manuel Ramos in Centaurus Financial, INC. Firm Has Customer Complaint

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Manuel Ramos (Ramos), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ramos 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 $100,000.00 on December 19, 2023.

The customer alleges that in November 2016, the Registered Representative recommended illiquid investments with declining values and high fees.

Broker Robert Taylor in Voya Financial Advisors, INC. Firm Has Customer Complaint

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Taylor (Taylor), previously associated with Voya Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Taylor 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 $99,999.00 on December 19, 2023.

Claimant alleges that, in 2015, Representative recommended alternative investments that were not suitable for Claimant. Claimant further alleges that Representative failed to disclose that the investments were high-risk, speculative, and illiquid.

There are Recent Customer Complaints with Broker Theodore Franse in Firm Ni Advisors

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Theodore Franse (Franse), currently associated with Ni Advisors, has at least one disclosable event. These events include one customer complaint, alleging that Franse 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 $13,940.75 on December 20, 2023.

According to Independent Financial Group, client alleges investment was not suitable and was not in line with client’s stated investment objectives and risk tolerance, and no investment in\<char_lb_r>\, Northstar located for [REDACTED].

There are Recent Customer Complaints with Broker John Marcheso in Firm Centaurus Financial, INC.

June 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Marcheso (Marcheso), currently associated with Centaurus Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Marcheso 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 unsuitable investments and investment strategies in various illiquid alternative investments. No specific dates for the alleged activity were identified in the Statement of Claim.