Reg BI

Broker Jeffrey Larson in Arete Wealth Management, LLC Firm Has Customer Complaint

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Larson (Larson), previously associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Larson 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 $226,000.00 on May 12, 2025.

Client alleges registered representative recommended an unsuitable investment.

There are Recent Customer Complaints with Broker Michael Roberts in Firm the Strategic Financial Alliance, INC.

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Roberts (Roberts), currently associated with the Strategic Financial Alliance, INC., has at least one disclosable event. These events include one customer complaint, alleging that Roberts 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 $2,235,000.00 on May 09, 2025.

Claimants allege that recommendation of certain direct participation investments were not in keeping with the client’s needs and objectives and were not fully disclosed to the customer

There are Recent Customer Complaints with Broker Xiao Mei Chen in Firm Nylife Securities LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Xiao Mei Chen (Chen), currently associated with Nylife Securities LLC, 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 pending customer complaint with a damage request of $5,000,000.00 on May 12, 2025.

Claimant alleges, among other things, that she was misled when it was recommended, she use the proceeds of her 401K containing mutual funds and bonds to purchase a Fixed Annuity leading to lost market opportunity. Claimant seeks general and compensatory damages over $5,000,000, attorneys’ fees, punitive damages, costs and interest.

There are Recent Customer Complaints with Broker Suihock Goy in Firm Ni Advisors

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Suihock Goy (Goy), currently associated with Ni Advisors, has at least one disclosable event. These events include one customer complaint, alleging that Goy 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 $190,000.00 on May 10, 2025.

This representative was not involved in the transaction. He is the firm owner and supervisor of the representative for the client. Claimant alleges unsuitability, negligence, etc. Regarding 2018-2020 purchases of corporate bond after issuer declared bankruptcy. Issuer is current in the process of executing wind-down trust with intended distributions to bond holders.

There are Recent Customer Complaints with Broker Randy Roesler in Firm Cetera Advisors LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randy Roesler (Roesler), currently associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Roesler 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 $250,000.00 on May 12, 2025.

Plaintiff alleges breach of fiduciary duty concerning funds transferred from a 529 account. Timeframe: 2011 – 2018

There are Recent Customer Complaints with Broker Cynthia Price in Firm Equitable Advisors, LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cynthia Price (Price), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Price 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 $5,000.00 on May 13, 2025.

Client alleges VA’s purchased in 2025 were not suitable for her financial needs and fees were not disclosed.

There are Recent Customer Complaints with Broker Stephen Siegle in Firm RBC Capital Markets, LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Siegle (Siegle), currently associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Siegle 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 $19,000.00 on May 09, 2025.

The client alleged the financial advisor did not act in the best interest when transferring assets to another broker dealer.

There are Recent Customer Complaints with Broker Barry Porter in Firm UBS Financial Services INC.

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Barry Porter (Porter), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Porter 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 $18,007.36 on May 09, 2025.

Time Frame: December 10th, 2020 to May 9th, 2025\, \, What were the allegations against the individual? Client alleges they advised they did not to hold any investments in their portfolio owned or controlled by a CCP person or entity and as a result this investment was unsuitable for their account.

Broker John Grigg in Fidus Securities, LLC Firm Has Customer Complaint

July 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 12, 2025.

Claim for injunctive relief and declaratory judgment regarding collection of two judgments\, previously entered by Maricopa County Superior Court in connection with a 2014 asset\, purchase arrangement. Plaintiff, Fibers Plus, LLC, alleges fraudulent transfer, conversion,\, civil conspiracy, and alter ego liability. Mr. Grigg was not a named party in the related litigation\, leading up to this complaint. He is a named party in the current litigation in his capacity\, as the Managing Director and member of the investment committee of Fidus Investment Corp.

There are Recent Customer Complaints with Broker Theodore Franse in Firm Ni Advisors

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Theodore Franse (Franse), currently associated with Ni Advisors, has at least one disclosable event. These events include one customer complaint, alleging that Franse 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 $190,000.00 on May 10, 2025.

Claimant alleges unsuitability, negligence, etc. Regarding 2018-2020 purchases of corporate bond after issuer declared bankruptcy. Issuer is current in the process of executing wind-down trust with intended distributions to bond holders.