Articles Posted in Reg BI

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paula Walker (Walker), currently associated with Key Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Walker 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 $6,409.20  on January 13, 2025.

Client alleges the August 2021 recommendation to purchase a fixed annuity in the amount of $52,852 was poor advice.

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

FINRA BrokerCheck shows a pending customer complaint on January 08, 2025.

Time frame: Unspecified, Claimant alleges unsuitable investments.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Keith Morgan (Morgan), currently associated with Steward Partners Investment Solutions, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morgan 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 $274,000.00  on January 15, 2025.

Time frame:     September 2010 to 2023\, Allegations: Claimant’s counsel alleges UBS failed to do adequate due diligence on a fund of funds, which counsel alleges was unsuitable for any investor, and as a result all relevant risks were not disclosed to investors.

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

FINRA BrokerCheck shows a pending customer complaint on January 14, 2025.

Claimant alleges that at the end of January 2024, the FA failed to execute the transactions requested via email and instead the cash was swept to Wells Fargo’s bank deposit program without the Claimant’s authorization.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Enrique Fernandez (Fernandez), previously associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Fernandez 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 January 02, 2025.

Time frame:  Unspecified   \, Allegations: Claimant alleges the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable, and that their accounts were unsuitably over concentrated in Puerto Rico investments. They also allege that the risks of investing in and concentration in Puerto Rico investments was misrepresented.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Dunn (Dunn), currently associated with Raymond James & Associates, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Dunn 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 $8,000,000.00  on January 15, 2025.

Financial elder abuse; unauthorized and unsuitable stock sales; failure to supervise and act. From 2016 to 2021.

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

FINRA BrokerCheck shows a final customer complaint on January 10, 2025.

The Securities and Exchange Commission (‘Commission’) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant against Touradji Capital Management LP (‘Touradji Capital’) and Paul Touradji (‘Touradji,’ and, with Touradji Capital, ‘Respondents’). In anticipation of the institution of these proceedings, Respondents have submitted an Offer of Settlement (the ‘Offer’) which the Commission has determined to accept. On the basis of this Order and Respondents’ Offer, the Commission finds that these proceedings concern violations of the Advisers Act by Touradji Capital, formerly an investment adviser registered with the Commission, and Touradji, Touradji Capital’s founder, owner, and sole employee. Specifically, Touradji Capital did not withdraw its registration as an investment adviser notwithstanding the firm having less than $90 million in regulatory assets under management, thereby violating Section 203A of the Advisers Act and Rule 203A-1 thereunder. In addition, Touradji Capital did not respond to requests for documents by the Commission’s Division of Examinations, thereby violating Section 204(a) of the Advisers Act. Touradji, as Touradji Capital’s owner and sole employee, caused Touardji Capital’s violations. As a result of the conduct described above, Touradji Capital willfully violated Section 203A of the Advisers Act and Rule 203A-1(a) thereunder; Touradji Capital willfully violated Section 204(a) of the Advisers Act; and Touradji, as owner, chief executive officer, and sole employee of Touradji Capital, caused Touradji Capital’s violations of Sections 203A and 204(a) of the Advisers Act and Rule 203A-1(a) thereunder

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Ganchero (Ganchero), currently associated with Citigroup Global Markets Inc., has at least one disclosable event. These events include one customer complaint, alleging that Ganchero 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 December 31, 2024.

Recommended client to liquidate and transfer funds from an IRA to Citi and alleges that the investments underperformed market.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frederick Hilton (Hilton), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hilton 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 January 15, 2025.

Customer alleges that investments made in 2021 were unsuitable for the customers’ investment objectives and risk tolerance.

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Chauvenet (Chauvenet), currently associated with Centaurus Financial, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Chauvenet 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 $292,800.00  on January 15, 2025.

The customer alleges that the Registered Representative gave poor investment recommendations with a lack of return. No Specific dates for the alleged activity were identified by the Claimant.

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