Reg BI

There are Recent Customer Complaints with Broker Glenn Frum in Firm LPL Financial LLC

May 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 19, 2024.

Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.

Broker Daryl Calton in Calton & Associates, INC. Firm Has Customer Complaint

May 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daryl Calton (Calton), previously associated with Calton & Associates, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Calton 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 $50,000.01 on March 22, 2024.

Client alleges Mr. Calton made unsuitable investments.

There are Recent Customer Complaints with Broker Kirkland Wilson in Firm Cetera Advisor Networks LLC

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirkland Wilson (Wilson), previously associated with Cetera Advisor Networks LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Wilson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on March 25, 2024.

Respondent Wilson failed to respond to FINRA requests for information.

Broker Raymond Hart in Usaa Investment Services Company Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Hart (Hart), previously associated with Usaa Investment Services Company, has at least one disclosable event. These events include one customer complaint, alleging that Hart 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 $250,000.00 on March 25, 2024.

Customer indicates he was sold annuity without appropriate disclosure of the fact that Hart/Abeyta were receiving extra commissions on top of standard commission payout for selling high volume of one particular annuity family. Customer, a senior citizen, indicated high pressure sales tactics were utilized without informing him of downsides of the policy sold. In addition, Customer accuses Hart/Abeyta of both not complying with Colorado Insurance Best Interest regulations and violating SEC Reg. SP during the sale. Customer indicates Abeyta told him he was the principal Advisor but would work with Hart throughout. Customer indicates throughout meetings with Abeyta/Hart he was subject to extreme vision issues as well as inability to concentrated to a recent assault. Customer believes Hart/Abeyta took advantage of his debilitation by utilizing high pressure tactics while in his diminished state. Customer filed complaint with Annuity issuer and was denied based solely upon mutually supporting statements from Abeyta/Hart. Customer also alleges violation of Reg. SP and Colorado Privacy laws in that Abeyta and Hart currently have unauthorized possession of his private client financial data and have shared it with their new advisory firm.

There are Recent Customer Complaints with Broker Daniel Drew in Firm North Capital Private Securities Corporation

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Drew (Drew), previously associated with North Capital Private Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Drew 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 $295,000.00 on March 25, 2024.

In their Statement of Claim, as amended, Claimants [REDACTED] (‘REDACTED]’), [REDACTED] (‘[REDACTED]’) and [REDACTED] (‘[REDACTED]’) allege failure to supervise, unsuitable investment recommendations, breach of fiduciary duty and violation of federal and state securities laws in connection with alleged events occurring after [REDACTED], Orion Magnetar Asset Management, LLC’s (entity of [REDACTED]) and Rogers Software Development, Inc. (entity of [REDACTED]) investment in two real estate offerings. [REDACTED] invested $70,000 in FRF 348 Quincy, LLC on March 25, 2018, Orion Magnetar Asset Management, LLC invested $50,000 in FRF 348 Quincy, LLC on April 8, 2018 and $75,000 in FRF 1555 Pacific, LLC on January 5, 2019 and Rogers Software Development, Inc. invested $100,000 in FRF 348 Quincy, LLC on April 13, 2018. Daniel Drew was an associated person and registered representative of the Firm from October 23, 2017 until April 1, 2022. Claimants’ allegations against the Firm are primarily based on allegations of various wrongdoings by the companies managing the underlying properties invested in by FRF 348 Quincy, LLC and FRF 1555 Pacific, LLC, XYZ Group and Cassaforte Limited. It is the Firm’s understanding that XYZ Group and Cassaforte Limited are currently in separate litigation of which the Firm has no part.

There are Recent Customer Complaints with Broker Patrick Louise in Firm LPL Financial LLC

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Louise (Louise), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Louise 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 $2,000,000.00 on March 25, 2024.

Claimant alleges that during the time period 2011-2023, representative recommended unsuitable investments in variable annuities.

Broker Anna Marie Lovell in Infinity Financial Services Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anna Marie Lovell (Lovell), currently associated with Infinity Financial Services, has at least one disclosable event. These events include one customer complaint, alleging that Lovell 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 March 25, 2024.

Allegations include lack of warning about the risks of the investment, improper disclosure, lack of service, misrepresented professional capabilities, violations of rules, regulations, and statutes, among others. \, \, In 2020, Anna met with the clients for a discovery meeting on how to invest their recent insurance settlement to address their retirement income needs. Anna learned that one client was already retired and the spouse was planning on retiring within the next few years. One of the clients expressed their sophistication and understanding of economics due to their higher education level. Anna provided the clients with various investment opportunities, in an investment market with near 40 year lows on long term treasury bond interest rates. Investment opportunities ranged from stocks, bonds, mutual funds, and ETF’s. The expected income generated at the time was less appealing to the clients than a higher risk, higher yield non-traded alternative investment debt. I explained the material facts, circumstances, risks, etc. Of the investment to the clients. After several months, during which investments were discussed in detail and an income needs analysis occurred, the clients decided to invest into GWG’s highest yielding highest risk 7-year option after I thoroughly explained that they should consider Long Term Care insurance and ladder the GWG L-Bond term to mitigate risks. However, the clients were willing to accept additional risk for higher income generation during historically low interest rates.

There are Recent Customer Complaints with Broker Jeffrey Hejza in Firm LPL Financial LLC

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Hejza (Hejza), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hejza 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 $5,000,000.00 on March 26, 2024.

Claimants allege that advisor negligently allowed a term life insurance policy to lapse.

Broker Lisa Ditkowsky in LPL Financial LLC Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 25, 2024.

Claimant alleges that during the time period August 2018 to October of 2022, representative failed to make trades in her accounts, and failed to timely respond to requests.

There are Recent Customer Complaints with Broker Timothy Fraser in Firm LPL Financial LLC

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Fraser (Fraser), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fraser 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 $2,000,000.00 on March 25, 2024.

Claimant alleges that during the time period 2011-2023, representative recommended unsuitable investments in variable annuities.