Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Boral (Boral), currently associated with D. Boral Capital, has at least one disclosable event. These events include one customer complaint, alleging that Boral 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 August 08, 2024.

Claimant seeks return of funds for IPO transaction that never took place in May of 2024.

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

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

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

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Cox (Cox), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Cox 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 $79,331.92  on August 07, 2024.

Time Frame:  August 2nd, 2024 to August 7th, 2024\, \, What were the allegations against the individual? \, ALLEGATIONS – The client alleges that the Financial Advisor failed to follow instructions to liquidate positions.

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

FINRA BrokerCheck shows a settled customer complaint on August 09, 2024.

Client alleged failure to follow instructions with respect to the sales of three securiites that he did not want sold when his managed account was incepted. January 2024

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rinaldo Diaz-flores (Diaz-flores), currently associated with Kovack Securities Inc., has at least one disclosable event. These events include one customer complaint, alleging that Diaz-flores 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 $100,000.01  on August 09, 2024.

Claimant alleges that his investments were subject to unsuitable hold reccomendations for three PR closed end bond funds.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Lesk (Lesk), previously associated with Cambridge Investment Research, Inc., has at least 6 disclosable events. These events include 5 customer complaints, one regulatory event, alleging that Lesk 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 $500,000.00  on August 07, 2024.

Customer alleges representative made unsuitable recommendations during the period of March 2022 to December of 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Delao (Delao), currently associated with St. Bernard Financial Services, Inc., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Delao 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 $8,613.87  on August 08, 2024.

Stock went down in value

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

FINRA BrokerCheck shows a settled customer complaint on August 09, 2024.

Customer complained that the financial advisor re-purchased securities without first confirming information with customer, resulting in loss of tax credits. (8/8/2024-8/9/2024)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nancy Biddle (Biddle), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Biddle 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 August 08, 2024.

Client alleges unsuitable recommendation and sale of alternative investments without informed consent.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Squires (Squires), previously associated with Osaic Institutions, Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Squires 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 $300,000.00  on August 07, 2024.

Claimant alleges two alternative investments purchased in 2014 were illiquid and risky.

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