Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Keith Marshall (Marshall), currently associated with Geneos Wealth Management, INC., has at least one disclosable event. These events include one customer complaint, alleging that Marshall 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 $35,000.00 on July 12, 2024.

Customer complains about the investment recommendations made and alleges his account(s) incurred losses as a result.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nancy Parrett (Parrett), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Parrett 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 $11,949.00 on July 10, 2024.

Claimant alleges omissions about tax consequences related to the surrender of an annuity in March 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Stoner (Stoner), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Stoner 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 $25,000.00 on July 11, 2024.

Time frame: 2024\, Claimant alleges that the FA failed to follow instructions to increase his equity asset allocation, which purportedly resulted in unrealized gains to his portfolio.

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

FINRA BrokerCheck shows a pending customer complaint on July 16, 2024.

The Customer alleges she was misled when she purchased her VA in April 2014 and that she was not aware that it transferred to another variable annuity in May 2022. The customer requests the return of all surrender charges.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luke Johnson (Johnson), previously associated with Coastal Equities, INC., has at least 5 disclosable events. These events include 3 customer complaints, 2 regulatory events, alleging that Johnson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

The claimant alleges failure to conduct adequate due diligence before recommending and selling securities.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alex Blanco (Blanco), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Blanco 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 $23,605.44 on July 11, 2024.

The beneficiary alleges that the Financial Professional failed to contact the account owner when the Financial Professional left HTK or when the underlying investment in the account fluctuated in value. The Financial Professional is no longer associated with the firm.

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial advisor to manage their accounts and that they wanted “growth”. However, Claimants allege the financial advisor allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Grueninger (Grueninger), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Grueninger 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 $1,885,552.00 on July 10, 2024.

Time frame:   July 2018 to December 2019\, \, Allegations: Claimants’ counsel alleges that Respondents allowed Claimants’ former Certified Public Accountant to exceed the scope of his Power of Attorney resulting in his use of Claimants’ line of credit resulting in losses.

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial consultant to manage their accounts and that they wanted “growth”. However, Claimants allege the financial consultant allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Howard (Howard), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Howard 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 July 15, 2024.

In May 2020 and in November 2020, the customers allege that the Registered Representative recommended unsuitable, high-risk, and illiquid investments and breached his fiduciary duty

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