Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leonard Kichler (Kichler), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Kichler 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 24, 2024.

Time frame:    January 2011 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.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Fridtjov Markussen (Markussen), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Markussen 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 $150,000.00 on September 24, 2024.

The claimant alleges that the recommended portfolio of investments was not in keeping with his wishes.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Nielsen (Nielsen), currently associated with Centaurus Financial, Inc., has at least 5 disclosable events. These events include 5 customer complaints, alleging that Nielsen 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 $399,200.00 on September 24, 2024.

The customers allege that during the period of 2018 through 2020, the Registered Representative recommended and misrepresented unsuitable, high-risk investments and breached his fiduciary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Gutowsky (Gutowsky), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Gutowsky 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 $400,000.00 on September 23, 2024.

Per Cetera Advisors LLC filing, claimant generally alleges fraud, negligence, breach of fiduciary duty, and breach of contract.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Ritter (Ritter), currently associated with Emerson Equity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ritter 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 September 26, 2024.

Breach of fiduciary duty, Negligence, violation of regulation Best Interest, violation of securities rules and regulations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Avery (Avery), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Avery 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 $50,000.00 on September 25, 2024.

Time frame:     September 2012 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.

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

FINRA BrokerCheck shows a pending customer complaint on September 27, 2024.

Client alleges the purchase of two Brighthouse annuities were misrepresented to allow for annual rate locks when she was recently advised that the annuities allow for one rate lock for the entire term instead of one a year. Client requested to surrender the annuities without the imposition of the CDSC charges.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Raverty (Raverty), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Raverty 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 $526,510.05 on October 01, 2024.

Trustee of revocable trust alleges that Edward Jones improperly followed former trustee’s instructions to transfer funds from the trust to a brokerage account in her individual name without authorization or consent.

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

FINRA BrokerCheck shows a settled customer complaint on September 27, 2024.

The customer purchased a Prudential IUL policy based on representations that it included a no-lapse guarantee until age 120, but it was later discovered that the policy’s no-lapse guarantee only extended for 20 years, leading to dissatisfaction and the need to pursue a new policy with the desired terms.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Torian Mitchell (Mitchell), previously associated with Pruco Securities, Llc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Mitchell 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 September 30, 2024.

Claimant alleges RR Mitchell misappropriated funds in connection with investments made in 2017.

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