Reg BI

There are Recent Customer Complaints with Broker Ralph Savoie in Firm Cambridge Investment Research, INC.

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Savoie (Savoie), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Savoie 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 $15,000.00 on May 06, 2024.

Claimant alleges that the Representative recommended an unsuitable investment strategy that included a risky and complex insurance product. Claimant further alleges that features of the product were misrepresented by the Representative.

Broker Scott Mccluskey in Nylife Securities LLC Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 08, 2024.

The customer alleges the Variable Life Insurance policy and the Variable Annuity policy she purchased between November 2015 and April 2019 were not appropriate in consideration of her retirement needs and have underperformed as investments. The customer, now a claimant, has filed an arbitration asserting claims regarding six contracts that she purchased, including one variable life insurance policy and one variable annuity. She alleges that she was misled during the sales process and that the products were unsuitable given her financial goals and objectives. Claimant is seeking compensatory damages between $100,000.01 and $500,000.00, plus punitive damages, attorney’s fees and costs.

Broker Colin Kelty in Cetera Investment Services LLC Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Colin Kelty (Kelty), previously associated with Cetera Investment Services LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kelty 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 $1,567,400.00 on May 15, 2024.

Claimant alleges unsuitable investment recommendations that resulted in losses.

There are Recent Customer Complaints with Broker Ronald Cappuccio in Firm Charles Schwab & Co., INC.

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Cappuccio (Cappuccio), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Cappuccio 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 $2,700,000.00 on May 09, 2024.

While working at Quantum and Co., clients allege that the solicitation of accounts were improper by allegedly misrepresenting material facts and omissions related to the purchase of unregistered pre-Initial Public Offering securities. This matter is a pending civil litigation.

There are Recent Customer Complaints with Broker Caz Craffy in Firm Monmouth Capital Management LLC

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Caz Craffy (Craffy), previously associated with Monmouth Capital Management LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Craffy 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 $100,000.00 on May 09, 2024.

Breach of fiduciary duty, negligence, failure to supervise and violation of common law fraud.

There are Recent Customer Complaints with Broker Walter Less in Firm LPL Financial LLC

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Less (Less), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Less 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 $254,048.00 on May 13, 2024.

Complaint alleges that the advisor approved transactions that were not authorized by the POA agreement on file.

Broker Andrew Gentiluomo in Equity Services, INC. Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Gentiluomo (Gentiluomo), currently associated with Equity Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gentiluomo 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 May 14, 2024.

Customer alleges Blue Sky, Breach of Fiduciary Duty, Constructive Fraud, and Common Law Conspiracy regarding investments in two LLCs

There are Recent Customer Complaints with Broker Ned Chatelain in Firm Prospera Financial Services, INC.

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ned Chatelain (Chatelain), currently associated with Prospera Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chatelain 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 $100,000.00 on May 13, 2024.

Client alleges underperformance and excessive account fees from 12/2021 to 4/2024.

There are Recent Customer Complaints with Broker Gregory Hersch in Firm Old City Securities LLC

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Hersch (Hersch), previously associated with Old City Securities LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Hersch 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 $75,000.00 on May 07, 2024.

In response to Florence Capital Advisors, LLC’s (‘FCA’) claim for fees of approximately $6.9 million filed by FCA against the Linden West Trust (‘Client’), the Client asserted a counter claim against FCA and a third-party claim against FCA’s principal, Gregory Hersch. These claims, which had not been asserted prior to FCA’s filing suit, were for alleged breach of fiduciary duty, fraud, and breach of contract, among other allegations, stemming from the client’s investment in FF Fund I during the period from February 2016 to December 2020.

Broker Richard Hagan in MML Investors Services, LLC Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Hagan (Hagan), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hagan 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 $400,000.00 on May 07, 2024.

The complainant alleges that the registered representative, misrepresented a whole life policy, which was unsuitable for her investment time horizon in 2017, and made an unauthorized EIA Fixed Annuity purchase, on/or about September 13, 2018, by falsifying and signing the application, and never having the complainant sign an annuity disclosure form.