Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Nagel (Nagel), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nagel recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $50,000.00 on May 06, 2024.

The customers allege unsuitable investment recommendations and misrepresentations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christian Johnston (Johnston), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Johnston 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 $225,000.00 on May 06, 2024.

Customers allege that investments made in or around 2014 were unsuitable for the customers’ investment objectives and risk tolerance.

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

FINRA BrokerCheck shows a pending customer complaint on May 02, 2024.

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

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kasey Davis (Davis), currently associated with Centaurus Financial, INC., 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 settled customer complaint with a damage request of $50,000.00 on May 03, 2024.

The customers allege that the Registered Representative recommended an unsuitable, high-risk, illiquid investment and breached her fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Samuel Jacobs (Jacobs), currently associated with Lasalle St Securities, L.l.c., has at least one disclosable event. These events include one customer complaint, alleging that Jacobs 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 $217,478.00 on May 06, 2024.

Client alleges unsuitable recommendations in their account from July 2021 until May 2023

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Tryon (Tryon), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Tryon 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 May 03, 2024.

The customer alleges that the Registered Representative recommended unsuitable, high-risk, illiquid investments and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Yarus (Yarus), previously associated with Carter, Terry & Company, INC., has at least one disclosable event. These events include one customer complaint, alleging that Yarus 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 $21,401.40 on May 06, 2024.

Customer verbally complained that their financial advisor did not explain the Make Whole feature of the recommended bonds, which were called pursuant to the Make Whole feature, resulting in a loss. (1/26/2021-1/25/2023)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juliann Smith (Smith), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $66,900.00 on May 06, 2024.

Suitability/negligence. 2017-2024

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Hoover (Hoover), previously associated with Wealth Enhancement Brokerage Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hoover 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 $649,000.00 on May 06, 2024.

Client alleges various causes of action due to losses related to trading of options in her investment advisory account from 2021-2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Sherry (Sherry), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sherry 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 $44,016.00 on May 03, 2024.

Customer claims RR did not monitor account performance.

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