Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luong Pham (Pham), previously associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pham 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 $150,000.00 on February 27, 2023.

Claimant alleges their financial adviser recommended unsuitable investments that resulted in losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Magnuson (Magnuson), currently associated with Four Points Capital Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Magnuson 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 $316,769.50 on February 23, 2023.

Client lost money between April 2017 through May 2022, and now claims he was not sophisticated enough to know the risks.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carl Williams (Williams), currently associated with Prospera Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Williams 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 $500,000.00 on March 02, 2023.

Customers allege representative recommended an investment strategy that was not suitable for their investment objectives and risk tolerance. Time period: April 22, 2020 to October 20, 2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jim Lund (Lund), currently associated with Cabot Lodge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lund 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 $100,001.00 on February 28, 2023.

Claimants allege violations of federal and state securities laws, fraud, unsuitable recommendations, misrepresentations and omissions of material fact, breach of contract, breach of fiduciary duty, and negligence with regards to the purchases of GWG L-Bonds in 2018 and 2019 respectively.

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

FINRA BrokerCheck shows a settled customer complaint on February 24, 2023.

Former client alleges FA recommended unsuitable securities; improperly concentrated and failed to properly allocate and diversify the former client’s investment portfolio; improperly attempted to time the market with investments; and May have had a conflict of interest.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shaun Jones (Jones), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Jones 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 $25,000.00 on March 07, 2023.

Claimant alleges that although her stated risk tolerance was conservative, her account was designated with a moderate risk tolerance and managed in a manner that was inconsistent with her conservative profile.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Latte (Latte), currently associated with Vienna Capital Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Latte 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 $844,620.00 on March 03, 2023.

Mass CSAG arbitration with multiple reps and clients on it.

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

FINRA BrokerCheck shows a settled customer complaint on March 06, 2023.

Client verbally complained that the sale of stock in her account was unauthorized. – September 2022 – March 2023

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

FINRA BrokerCheck shows a settled customer complaint on March 08, 2023.

Client alleged that RR made unsuitable recommendations to invest in a variable annuity and certain other securities on or about March 2, 2022 and March 15, 2022.

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

FINRA BrokerCheck shows a settled customer complaint on March 08, 2023.

Client alleges that RR made unsuitable recommendations to invest in a variable annuity and certain other securities.

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