Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Munoz (Munoz), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Munoz 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 $21,000.00 on June 11, 2024.

The customer alleges that in May of 2020, the Registered Representative recommended an unsuitable, high-risk, illiquid investment and breached his fiduciary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shannon Moore (Moore), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Moore 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 June 12, 2024.

Customer alleges that an investment made in 2016 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 Cary Urich (Urich), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Urich 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 $710,000.00 on June 11, 2024.

Unsuitability, breach of fiduciary duty, negligence and deception.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Pace (Pace), currently associated with M Holdings Securities, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Pace 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 $83,799.00 on June 12, 2024.

The client was advised they did not have to take RMDs in 2016-2022 because they were employed. Advisor missed that the client was a 5% owner and, therefore did have to take distributions.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Diana Jimenez Nettleship (Jimenez Nettleship), previously associated with UBS Financial Services Incorporated of Puerto Rico, has at least one disclosable event. These events include one customer complaint, alleging that Jimenez Nettleship recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on June 12, 2024.

Time frame: Unspecified.\, Allegations: Claimants allege that the recommendation to invest in and hold Puerto Rico closed-end funds and bonds was unsuitable and that their UBS accounts were over-concentrated in these investments. They also allege that the risks of investing in and concentrating in PR investments were misrepresented.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Bucher (Bucher), previously associated with San Blas Securities LLC, has at least 7 disclosable events. These events include 6 customer complaints, one regulatory event, alleging that Bucher 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 June 10, 2024.

The allegations refer to activity in the clients account from 2019-2023 when Bucher was terminated from Pinnacle Investments. Client claims investments were unsuitable and not authorized. Additionally client claims Bucher did not properly explain the investments that were in the account which led to losses in the account.

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

FINRA BrokerCheck shows a pending customer complaint on June 11, 2024.

The client alleges in January and February 2024, the representative failed to follow instructions regarding his investment strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bryon Martinsen (Martinsen), previously associated with Centaurus Financial, INC., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Martinsen 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 $175,000.00 on June 11, 2024.

The customers allege 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 Myong Park (Park), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Park recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 12, 2024.

Customer’s attorney alleges that the Variable Annuity she purchased in July 2019 was not clearly understood by the customer and did not take into consideration the customer’s need to access these funds.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randall Mcgill (Mcgill), currently associated with Ausdal Financial Partners, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Mcgill 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 $57,000.00 on June 12, 2024.

Claimant took issues with losses incurred on a 25000 gwg l bond and on certain equity based investments in a separate account between jan 2021 and June 2022.

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