Reg BI

Broker Alessandro Spinetta in Morgan Stanley Firm Has Customer Complaint

March 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on February 28, 2025.

The Panel of the Chicago Mercantile Exchange (“CME”) Business Conduct Committee found that the representative entered buy and sell orders in currency futures for accounts with common beneficial ownership for the legitimate purpose of hedging the currency exposure in each. However, the Panel found that the orders traded against each other in part, and the representative knew or reasonably should have known that the execution of the orders would achieve a wash result, in violation of CME Rule 534.

Broker Mary beth Spuhler in Osaic Wealth, Inc. Firm Has Customer Complaint

March 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on February 21, 2025.

Without admitting or denying the findings, Spuhler consented to the sanction and to the entry of findings that she refused to provide information and documents requested by FINRA in connection with its investigation into the allegations that she engaged in personal transactions with clients without prior approval from her member firm.

Broker Michael Lickiss in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

March 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lickiss (Lickiss), previously associated with Purshe Kaplan Sterling Investments, has at least 5 disclosable events. These events include 5 customer complaints, alleging that Lickiss 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 $561,257.00 on March 04, 2025.

Breach of Fiduciary Duty From 2006 to 2023

Broker David Jerke in LPL Financial LLC Firm Has Customer Complaint

March 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on March 03, 2025.

Without admitting or denying the findings, Jerke consented to the sanction and to the entry of findings that he refused to provide documents and information as requested by FINRA in connection to its investigation of allegations made by his member firm on a Form U5 filling. The findings stated that Jerke was terminated from his firm because he had solicitated a loan from a customer without notice to and approval from his firm.

There are Recent Customer Complaints with Broker Richard Perlongo in Firm Spartan Capital Securities, LLC

March 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on March 06, 2025.

Without admitting or denying the findings, Perlongo consented to the sanctions and to the entry of findings that he excessively and unsuitably traded a customer’s account. The findings stated that the customer relied on Perlongo’s advice and routinely followed his recommendations and, as a result, Perlongo exercised de facto control over the account. Perlongo recommended frequent in-and-out trading even when the price of his recommended securities did not materially change. As a result of Perlongo’s recommendations, the customer paid $18,925 in commissions and suffered $70,107 in realized losses.

Broker Syauching Hung in Independent Financial Group, LLC Firm Has Customer Complaint

March 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 04, 2025.

Claimant alleges they were sold an alternative investment that was unsuitable. Additionally, the claimant alleges the Representative misrepresented the investment as riskless and that it would provide guaranteed income.

There are Recent Customer Complaints with Broker Kevin Reed in Firm U.s. Bancorp Investments, Inc.

March 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Reed (Reed), previously associated with U.s. Bancorp Investments, Inc., has at least 2 disclosable events. These events include one customer complaint, one regulatory, alleging that Reed 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 $135,000.00 on March 04, 2025.

Client alleges financial advisor did not fully explain the risks and tax impact associated with the investment recommendation

There are Recent Customer Complaints with Broker James Bowman in Firm Edward Jones

March 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on March 06, 2025.

Without admitting or denying the findings, Bowman consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into whether he personally reimbursed his customers for losses and fees in their accounts.

Broker Todd Blessing in Cuso Financial Services, L.p. Firm Has Customer Complaint

March 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Blessing (Blessing), currently associated with Cuso Financial Services, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Blessing 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 $70,000.00 on March 12, 2025.

Unsuitable recommendation

There are Recent Customer Complaints with Broker David Geake in Firm American Trust Investment Services, Inc.

March 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Geake (Geake), previously associated with American Trust Investment Services, Inc., has at least 27 disclosable events. These events include 25 customer complaints, 2 tax liens, alleging that Geake recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on March 05, 2025.

Unsuitable recommendations of alternative investments.