Articles Posted in Reg BI

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

FINRA BrokerCheck shows a settled customer complaint on March 17, 2025.

Client verbally complained the recommendation to purchase US Treasury strips was not suitable and requests compensation for the loss he incurred upon sale of the securities. (8/22/2024-3/17/2025)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Muschinske (Muschinske), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Muschinske 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 $10,000.00 on March 18, 2025.

Clients allege paying fees into the Guided Solutions program since 2020, despite this account type not being suitable for their needs. Clients further allege the financial advisor did not make them aware that they were able to opt out of a fee-based program.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lipschutz (Lipschutz), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Lipschutz 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 $546,000.00 on March 19, 2025.

Time frame: 2024\, Claimant’s counsel alleges that retired UBS advisor Mr. Lipschutz improperly invested all of their assets on a highly speculative trading platform that was outside of and not authorized by UBS, which resulted in heavy losses

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Brown (Brown), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brown 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 $5,000.00 on March 18, 2025.

Customer alleges RR forged their signature on brokerage account applications issued 11/2024.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Sosa (Sosa), currently associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sosa 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 $98,500.00 on March 17, 2025.

Claimant alleges unsuitable investment recommendations which resulted in losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Vance (Vance), previously associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Vance 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 March 17, 2025.

Suitability/negligence. 2018.

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

FINRA BrokerCheck shows a pending customer complaint on March 20, 2025.

Client alleged I misrepresented the features of her variable annuity contract.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David White (White), previously associated with Centaurus Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, 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 $160,000.00 on March 18, 2025.

The customer alleges that in 2015, 2017 and in 2019, the Registered Representative recommended and misrepresented unsuitable, high-risk, and illiquid investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Wayne Hurley (Hurley), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hurley 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 $73,365.81 on March 20, 2025.

Customer alleges that the Financial Professional failed to act in their best interest.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Wroten (Wroten), currently associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Wroten 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 $18,018.87 on March 18, 2025.

Customer alleges trade instructions were not timely submitted, resulting in decreased account value due to market fluctuation.

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