Reg BI

Broker Michael Milne in Kovack Securities INC. Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Milne (Milne), previously associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Milne 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 18, 2025.

Client alleges a breach of fiduciary duty, mismanagement and that investments made were not in line with stated risk tolerance.

Broker Christopher Polimeni in Western International Securities, INC. Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Polimeni (Polimeni), currently associated with Western International Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Polimeni 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 $1,600,000.00 on April 16, 2025.

Customer alleged that financial professional converted customer’s assets by transferring them to a foundation.

There are Recent Customer Complaints with Broker Patrick Kelly in Firm Sigma Financial Corporation

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Kelly (Kelly), previously associated with Sigma Financial Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Kelly 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 $200,000.00 on April 17, 2025.

January 2025 – Customers allege their advisor failed to follow their instructions to sell their investments to avoid market loss.

Broker Danny Davis in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Danny Davis (Davis), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $1,031,605.00 on April 22, 2025.

Customer alleges unauthorized trading that resulted in significant losses and excessive commissions.

Broker Michael Lacy in J.P. Morgan Securities LLC Firm Has Customer Complaint

May 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lacy (Lacy), previously associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lacy 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 $13,609.39 on April 01, 2024.

Customer alleges misrepresentation regarding managed account. Activity dates 5.9.22 – 5.9.22.

Broker William Bryant in Northwestern Mutual Investment Services, LLC Firm Has Customer Complaint

May 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Bryant (Bryant), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bryant 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 $14,229,000.00 on April 04, 2024.

On April 4, 2024 and July 9, 2024, Dr. Bryant received customer complaints related to the recommendation of a potential franchise opportunity, WaterStation Technology, a water vending machine franchise. The complaints alleged that Dr. Bryant breached his fiduciary duty and failed to disclose a material conflict related to the recommendation. All complaints were settled in mediation before any arbitration or civil complaint was initiated. Dr. Bryant denies all liability related to these claims.

There are Recent Customer Complaints with Broker Jenny Powell in Firm Raymond James Financial Services, INC.

May 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jenny Powell (Powell), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Powell 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 $14,229,000.00 on April 04, 2024.

On April 4, 2024 and July 9, 2024, High Speed Alliance LLC (“HSA”) received customer complaints related to the recommendation of a potential franchise opportunity, WaterStation Technology, a water vending machine franchise. Ms. Powell was named in the customer complaints. The complaints alleged that HSA breached its fiduciary duty and failed to disclose a material conflict related to the recommendation. All complaints were settled in mediation before any arbitration or civil complaint was initiated. HSA and Ms. Powell deny all liability related to these claims.

Broker Ryan Ainsworth in Northwestern Mutual Investment Services, LLC Firm Has Customer Complaint

May 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Ainsworth (Ainsworth), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ainsworth 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 $465,000.00 on April 01, 2024.

The customer is alleging misrepresentation and Breach of Fiduciary Duty, Breach of Contract and Covenant of Good Faith and Fair Dealing, Breach of Contract and Negligent Misrepresentation.

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

May 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Wilson (Wilson), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 $40,000.00 on April 01, 2024.

Claimant alleges he was sold an unsuitable investment.

Broker Gregory Suzio in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

May 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Suzio (Suzio), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Suzio 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 $499,000.00 on April 04, 2024.

The claimant alleges unsuitable investment recommendations and misrepresentation from 2021 through 2023.