Reg BI

Broker Michael Gebhard in Janney Montgomery Scott LLC Firm Has Customer Complaint

May 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 10, 2024.

Trustee for the Trust alleged that the Advisor recommended unsuitable long-term government agency debt securities for the Trust’s account.

There are Recent Customer Complaints with Broker Shawn Patt in Firm RBC Capital Markets, LLC

May 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 13, 2024.

Client alleged the Velocis III fund purchased in May 2020 was not appropriate for him.

Broker Karl Klingmann Ii in Kovack Securities INC. Firm Has Customer Complaint

May 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Karl Klingmann Ii (Klingmann Ii), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Klingmann Ii 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, 2024.

Claimant alleges that their investments in conservation easements resulted in tax liabilities.

Broker Kevin Hobbs in PFS Investments INC. Firm Has Customer Complaint

May 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on April 10, 2024.

Respondent Hobbs failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker Jeffrey Buchanan in Osaic Wealth, INC. Firm Has Customer Complaint

May 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Buchanan (Buchanan), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Buchanan 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 $189,897.00 on April 14, 2024.

Client alleges poor advice regarding the annuitization of her variable annuity contract.

There are Recent Customer Complaints with Broker Paul Murans in Firm Thurston Springer Financial

May 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 05, 2024.

Time frame: 2012- 2023 Allegations: Claimants allege that their Financial Advisor recommended for purchase a Senior Life Settlement Portfolio that was neither an approved investment sold through UBS nor suitable for the clients.

Broker Jason Nelson in LPL Financial LLC Firm Has Customer Complaint

May 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Nelson (Nelson), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nelson 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 $900,000.00 on April 08, 2024.

Customer’s estate alleged that representative should not have effected certain transfers and sales of assets authorized pursuant to a power of attorney granted by customer and subsequently pursuant to instructions from the trustee of customer’s trust. The activities took place between September 2022 and January 2023.

There are Recent Customer Complaints with Broker Paul Lekousis in Firm Oneamerica Securities, INC.

May 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Lekousis (Lekousis), currently associated with Oneamerica Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lekousis 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 $10,050.00 on April 11, 2024.

Customer alleges that the rep advised her that she could reduce the monthly premium payment which caused the policy to go into default.

There are Recent Customer Complaints with Broker Theresa Allen in Firm RBC Capital Markets, LLC

May 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Theresa Allen (Allen), currently associated with RBC Capital Markets, LLC, has at least 4 disclosable events. These events include 4 customer complaints, alleging that Allen 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 $1,750,000.00 on April 11, 2024.

Claimant Alleges unsuitable investment recommendations and unauthorized trading. Activity Dates 11/2019 through 07/2021.

Broker William Leisman in Moloney Securities Co., INC. Firm Has Customer Complaint

May 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Leisman (Leisman), currently associated with Moloney Securities Co., INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Leisman 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 April 11, 2024.

Negligence/suitability. 2020