Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Buonanno (Buonanno), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Buonanno 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 July 24, 2024.

Claimant alleges they were recommended unsuitable investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Brothers (Brothers), currently associated with Maxim Group LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Brothers 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 July 23, 2024.

The customer alleges that due to alleged misrepresentations and breaches of fiduciary duties he and his limited liability company incurred losses in excess of $1,000,000.

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

FINRA BrokerCheck shows a pending customer complaint on July 22, 2024.

Customer complained that the financial advisor did not discuss fees, commissions and penalties when recommending the purchase of the investment. (11/10/2021)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eugene Webb (Webb), currently associated with Paulson Investment Company LLC, has at least one disclosable event. These events include one customer complaint, alleging that Webb 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 $5,000.00 on July 23, 2024.

Mr. Maring alleges that Mr. Webb made unsuitable recommendations. Mr. Maring further alleges that Mr. Webb made unauthorized purchases.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Hiss (Hiss), currently associated with Ifp Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hiss 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 $209,591.11 on July 26, 2024.

Client alleges Mr. Hiss improperly recommended that claimant invest in a high-risk, high commission illiquid alternative investment, namely GWG Holdings, Inc., L Bonds . Hiss, falsely represented, among other things, that GWG was a safe investment backed by life insurance policies.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Heaney (Heaney), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Heaney 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 $7,000.00 on July 25, 2024.

The client alleged his advisor placed trades without his authorization in October of 2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francis Burke (Burke), currently associated with M Holdings Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Burke 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 $98,364.14 on July 25, 2024.

A representative at the firm supervised by Francis Burke provided incorrect illustrations to the clients at the time of sale in September 2023 resulting in distributions that were lower than intended. The error was discovered by the firm and disclosed to the client and it was handled through errors and omissions insurance and the clients were made whole. The resulting release agreement named Francis Burke as allegedly providing incorrect illustrations despite having no contact with the clients and not being listed on the policies.

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

FINRA BrokerCheck shows a settled customer complaint on August 23, 2024.

CLIENT VERBALLY ALLEGED THAT HE DID NOT AUTHORIZE THE WITHDRAWAL OF FUNDS FROM HIS PREFERRED SAVINGS INVESTMENT AND HE WANTED TO BE CREDITED FOR MISSED INTEREST. February 2024 – June 2024.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Janete Rivera Michel (Rivera Michel), currently associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Rivera Michel 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 $1,900,000.00 on August 23, 2024.

Claimant alleges that the investment recommendation made in 2015 was unsuitable because it underperformed the market and seeks well managed portfolio damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thaddaeus Allen (Allen), currently associated with Smith, Moore & CO., has at least one disclosable event. These events include one customer complaint, alleging that Allen 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 $172,000.00 on August 22, 2024.

Client alleges funds were removed from his account to purchase gold to a third party.

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