Reg BI

Broker James Mackellar in Sagepoint Financial, INC. Firm Has Customer Complaint

August 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on May 01, 2024.

Without admitting or denying the findings, Mackellar consented to the sanction and to the entry of findings that he refused to provide information or documents requested by FINRA in connection with its investigation into a complaint. The findings stated that the complaint was submitted to FINRA concerning Mackellar’s alleged OBAs involving a customer’s estate and his indirect beneficial interest in that customer’s accounts.

Broker Andrew Rome in Signature Estate Securities, LLC Firm Has Customer Complaint

August 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Rome (Rome), currently associated with Signature Estate Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rome 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 $17,332.15 on August 01, 2024.

Breach of Fiduciary Duty (January 1, 2021-through the termination of the advisory relationship July 8, 2024)\, A. Failure to adequately disclose commissions.\, B. The life insurance policy was not in your ‘best interest’; not suitable and can’t afford it.\, C. Made misleading statements / inappropriate sales tactics.\, D. Represented fees would be waived (on the advisory side) and they were not.

Broker Kimberly Carson in Principal Securities, INC. Firm Has Customer Complaint

August 8, 2025 | by Staff Attorney

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

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

Respondent Carson failed to pay fines of $5,000 in FINRA Case #2022074541501.

Broker Aramis Perez in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

August 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 24, 2024.

Customer complained that the financial advisor assured him that only about half of a stock position would be sold in a rebalancing by a money manager but the full position was sold, causing tax ramifications on capital gains. (4/11/2024-6/24/2024)

There are Recent Customer Complaints with Broker Steve Moise in Firm Joseph Stone Capital L.l.c.

August 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steve Moise (Moise), previously associated with Joseph Stone Capital L.l.c., has at least one disclosable event. These events include one regulatory event, alleging that Moise recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 24, 2024.

Without admitting or denying the findings, Moise consented to the sanctions and to the entry of findings that he willfully violated the Care Obligation of Rule 15l-1 of the Securities Exchange Act of 1934 (Regulation Best Interest or Reg BI) by recommending a series of transactions in a customer’s account that was excessive and not in the customer’s best interest. The findings stated that Moise recommended that the customer execute 199 trades in the account over the next several months. On several occasions, Moise recommended that the customer sell a security shortly after purchasing it, causing the customer to suffer a realized loss but generating commissions for Moise. The customer suffered realized losses and paid more than $52,000 in commissions and trade costs. Moise’s member firm settled with the customer through mediation.

There are Recent Customer Complaints with Broker Michael Rea in Firm Equitable Advisors, LLC

August 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Rea (Rea), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rea 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 September 13, 2024.

Customer alleges RR misrepresented three variable annuities sold in 2018, 2020 and 2023. Customer alleges RR did not disclose policy fees and surrender charges, resulting in investments that are unsuitable for her financial requirements.

There are Recent Customer Complaints with Broker Prakash Verma in Firm Nylife Securities LLC

August 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 30, 2024.

Customer alleged that he did not apply for or authorize two Term Life insurance policies issued in December 2023.

There are Recent Customer Complaints with Broker Timothy Walsh in Firm Fortune Financial Services, INC.

August 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Walsh (Walsh), previously associated with Fortune Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Walsh 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 $250,000.00 on July 11, 2024.

Failure to manage portfolio in light of their age, investment objectives, and risk tolerances.

There are Recent Customer Complaints with Broker Peter Girgis in Firm Sw Financial

August 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on July 02, 2024.

Respondent Girgis failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Ray Kim in Firm Westpark Capital, INC.

August 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 13, 2024.

Claimant alleges negligence, breach of contract, breach of fiduciary duty, common law fraud, violation of California’s Securities Act, elder abuse and sale of unregistered securities as it relates to the handling of their account.