Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Ridgley (Ridgley), previously associated with International Assets Advisory, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ridgley 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 $135,996.99 on May 19, 2023.

BREACH OF COMMON LAW DUTY, VIOLATION OF PERTINENT RULES, VIOLATIONS OF SEC ACT OF 1934 (10B), BREACH OF EXPRESSED OR IMPLIED FIDUCIARY RESPONSIBILITY.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Beam (Beam), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Beam 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 $31,500.00 on May 18, 2023.

The plaintiff alleges the Estate’s personal representative was misled into writing checks for investments, but the checks were instead cashed or deposited.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cheryl Wilson (Wilson), previously associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 $112,000.00 on May 22, 2023.

4.Customer alleges breach of fiduciary duty, lack of suitability, misrepresentation, failure to supervise, and breach of contract regarding their investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Thelen (Thelen), previously associated with American Trust Investment Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Thelen 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 $1,000,000.00 on May 18, 2023.

MISSREPRESENTATION; FAILURE TO CONDUCT DUE DILIGIENCE; BREACH OF COTRACT; BREACH OF FIDUCIARY DUTY; FAILURE TO SUPERVISE; NEGLAGENCE; VIOLATION OF FINRA RULES; VIOLATION OF SECURITIES LAW; ELDER ABUSE; VIOLATION OF REG-BI.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ray Reese (Reese), currently associated with Money Concepts Capital CORP, has at least one disclosable event. These events include one customer complaint, alleging that Reese 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 $450,000.00 on May 16, 2023.

Breach of fiduciary duty, suitability, and misrepresentation

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

FINRA BrokerCheck shows a settled customer complaint on May 18, 2023.

Claimants allege, inter alia, that the investment strategy executed in their account was unsuitable from January 2007 to February 14, 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ivan Gefen (Gefen), currently associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Gefen 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 $1,200,000.00 on May 17, 2023.

BREACH OF FIDUCIARY DUTY, NEGLIGENCE, FRAUD, BREACH OF CONTRACT, AND VIOLATION OF REGULATION BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Noel Bragg (Bragg), currently associated with American Trust Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bragg 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 16, 2023.

Breach of fiduciary duty, Negligence and Negligent Misrepresentation, Breach of Contract, Failure to supervise, and Violation of Regulation Best Interest.

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

FINRA BrokerCheck shows a final customer complaint on May 24, 2023.

The California Insurance Commissioner alleges grounds to suspend or revoke licenses and licensing rights. The allegations include ignored suitability, inducing a client to make a loan, and bounced loan repayments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Hill (Hill), currently associated with Wells Fargo Clearing Services, 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 settled customer complaint on May 30, 2023.

Claimants allege in 2019 their Financial Advisor (FA) misrepresented unsuitable investments in order to generate higher commissions.

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