Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Shortal (Shortal), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Shortal 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 April 09, 2025.

Suitability/negligence. 2019-2021

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Holmes (Holmes), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Holmes 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 April 11, 2025.

Claimant alleges that during an unspecified time period, the financial advisor made unsuitable recommendations and overall strategy.

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

FINRA BrokerCheck shows a pending customer complaint on April 11, 2025.

Time Frame: March 26th, 2021 to January 13th, 2025\, \, What were the allegations against the individual? The client alleges that her Financial Advisor placed her in an unsuitable portfolio based on her financial needs, goals and risk tolerance. The client further alleges her Financial Advisor did not uphold his fiduciary duty and did not act in her best interest.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brent Pine (Pine), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pine 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 April 11, 2025.

Claimant alleges that Mr. Pine made negligent and improper recommendations of investment products that were not suitable to the clients desire to preserve principal and avoid unnecessary risk. Claimant also alleges that fair and balanced disclosures were not made regarding the high-risk nature of the investment products recommended.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Hooz (Hooz), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hooz 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 $12,000.00 on April 10, 2025.

The customer alleges he was misled when he asked for the reallocation of his funds in his VA to the money market but was instead transferred to a new variable annuity in April 2025, where he incurred a $12,000.00 loss.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Shotsberger (Shotsberger), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shotsberger 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 April 24, 2025.

Client alleges RR Shotsberger made misrepresentations in connection with the replacement of a variable life insurance policy in 2019.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Labadie (Labadie), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Labadie 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 $11,000.00 on April 22, 2025.

Customer alleges poor recommendation regarding managed account. Activity dates 11/20/24 – 11/20/24.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mikhail Leyon (Leyon), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Leyon 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 $26,000.00 on April 24, 2025.

The complainant states that the rep moved the proceeds from his treasury bonds into the market despite him telling the producer that he didn’t want to incur any risk. States that he has been financially harmed because of this.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Curry (Curry), currently associated with Arkadios Capital, has at least one disclosable event. These events include one customer complaint, alleging that Curry 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 April 21, 2025.

Claim Allegation is unsuitable

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kleiner (Kleiner), previously associated with Morgan Stanley, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Kleiner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on April 25, 2025.

Claimant alleged, inter alia, FA recommended outside investment strategy not authorized by the firm – Nov 2020 to March 2025

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