Reg BI

Broker Michael Newins in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on June 16, 2023.

Clients allege they were unaware of the tax consequences associated with liquidating their variable annuity contracts and they were not informed by the RR that a 1035 exchange would have reduced their tax exposure.

There are Recent Customer Complaints with Broker Glenda Greenhalgh in Firm Nylife Securities LLC

August 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 22, 2023.

Policyowner expressed concern regarding the performance of the variable annuity he purchased in 2019 and the RR’s lack of service and misrepresentation.

Broker Chris Moyseos in Morgan Stanley Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chris Moyseos (Moyseos), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Moyseos 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 $585,000.00 on June 22, 2023.

Claimant alleges, inter alia, That the investments strategy executed in the client’s account was unsuitable – 2020-2022

There are Recent Customer Complaints with Broker Adam Fisher in Firm Arete Wealth Management, LLC

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Fisher (Fisher), previously associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fisher 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 $19,500,000.00 on June 26, 2023.

The AAA Arbitration involves Claimants’ claims associated with Stephen Swensen, a non-party to the AAA Arbitration and this Agreement, whom was a past investment advisor at Wealth Navigation. Stephen Swensen ran an investment scam known as Crew Capital. In the AAA Arbitration, Claimants assert that they invested approximately $19,500,000.00 in the now worthless Crew Capital fund. The AAA Arbitration includes claims against Wealth Navigation, Fisher, Jones, and Cazier for violations of the Utah Securities Act, breach of fiduciary duty, negligent breach of professional duties, and negligent failure to supervise.

Broker Michael Jones in Arete Wealth Management, LLC Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Jones (Jones), previously associated with Arete Wealth Management, LLC, 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 $19,500,000.00 on June 26, 2023.

The AAA Arbitration involves Claimants’ claims associated with Stephen Swensen, a non-party to the AAA Arbitration and this Agreement, whom was a past investment advisor at Wealth Navigation. Stephen Swensen ran an investment scam known as Crew Capital. In the AAA Arbitration, Claimants assert that they invested approximately $19,500,000.00 in the now worthless Crew Capital fund. The AAA Arbitration includes claims against Wealth Navigation, Fisher, Jones, and Cazier for violations of the Utah Securities Act, breach of fiduciary duty, negligent breach of professional duties, and negligent failure to supervise

There are Recent Customer Complaints with Broker Boris Niko in Firm Ameriprise Financial Services, LLC

August 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 15, 2023.

Claimant alleges in 2020, her Financial Advisor (FA) continually made unsuitable investments which were high risk and did not meet Claimant’s investment needs.

There are Recent Customer Complaints with Broker Sean Hosein in Firm PHX Financial, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sean Hosein (Hosein), currently associated with PHX Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hosein 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 $2,200,000.00 on June 26, 2023.

From 2016 through early 2022 client alleges unsuitable investments with excessive commissions.

There are Recent Customer Complaints with Broker Archibald Mcmichael in Firm Avantax Investment Services, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Archibald Mcmichael (Mcmichael), currently associated with Avantax Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mcmichael 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 $105,000.00 on June 27, 2023.

The rep is the subject of, but not a party to, the arbitration. Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, the client is alleging insufficient due diligence, violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law, breach of contract, common law fraud, breach of fiduciary duty, and negligence.

There are Recent Customer Complaints with Broker Grant Birkley in Firm Sagepoint Financial, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Grant Birkley (Birkley), previously associated with Sagepoint Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Birkley 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 $1,600,000.00 on June 23, 2023.

Rep is alleged to have aided and participated in client purchase of unapproved investment

Broker Ajay Verma in Ameriprise Financial Services, LLC Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ajay Verma (Verma), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Verma 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 $125,000.00 on June 27, 2023.

Claimant alleges that in about November 2020, she was improperly recommended she exchange her RVS Life RAVA 4 Advantage Variable Annuity for a RVS Life RAVA 5 Advantage Variable Annuity.