Reg BI

Broker Paul Raehpour in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 05, 2024.

The client alleges unauthorized trading.

Broker Luis Sanchez in First Southern, LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luis Sanchez (Sanchez), currently associated with First Southern, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Sanchez recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on June 10, 2024.

Time frame: Unspecified Allegations: Claimant alleges her investments in Puerto Rico closed-end funds were unsuitable, over-concentrated, and misrepresented as safe investment

There are Recent Customer Complaints with Broker George Merhoff in Firm Cetera Advisors LLC

April 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on June 06, 2024.

Claimants allege unsuitable investment recommendations which resulted in losses.

Broker Arthur Stevens in Packerland Brokerage Services, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arthur Stevens (Stevens), currently associated with Packerland Brokerage Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Stevens 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 $90,020.00 on June 04, 2024.

Claimant alleges the following claims; breach of fiduciary duty, negligence, securities fraud, and common-law fraud

Broker Jeffrey Shaver in Arkadios Capital Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Shaver (Shaver), previously associated with Arkadios Capital, has at least one disclosable event. These events include one customer complaint, alleging that Shaver 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 June 07, 2024.

It is alleged that Claimant’s retirement assets were invested in a single high risk alternative investment.

There are Recent Customer Complaints with Broker Cynthia Magner in Firm Ameriprise Financial Services, LLC

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cynthia Magner (Magner), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Magner 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 June 05, 2024.

Claimant alleges advisor recommended unsuitable investment of a variable annuity.

There are Recent Customer Complaints with Broker Allen Wilson in Firm Wells Fargo Clearing Services, LLC

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allen Wilson (Wilson), currently associated with Wells Fargo Clearing Services, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Wilson 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 $475,000.00 on June 05, 2024.

Beginning in late 2020, Claimants alleges their Financial Advisor (FA) made unsuitable investment recommendations which were inappropriate for their risk tolerance and investment strategy.

Broker John Pigeon in Osaic Institutions, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pigeon (Pigeon), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pigeon 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 $120,000.00 on June 05, 2024.

Firm and FP failed to observe high standards of commercial honor and just and equitable principles of trade.

Broker David Baldwin in Key Investment Services LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Baldwin (Baldwin), currently associated with Key Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Baldwin 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 $11,890.00 on June 04, 2024.

Client alleges the December 2023 purchase of two F & G fixed annuities totaling $174,779 were misrepresented.

There are Recent Customer Complaints with Broker Paul Pavelski in Firm Morgan Stanley

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Pavelski (Pavelski), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Pavelski 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 June 06, 2024.

Customer alleges misrepresentations and omissions of material information, unsuitable investment recommendations, failure to conduct required due diligence, violations of firm policies and procedures, and violations of securities industry rules related to a July 2020 purchase of GWG L Bonds. GWG entered bankruptcy in April 2022.