Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pamela Mcwhorter (Mcwhorter), currently associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Mcwhorter 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 $650,000.00 on October 14, 2024.

THE CLIENT ALLEGES THAT THE USE OF MARGIN WAS NOT SUITABLE.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randy Moshtael (Moshtael), currently associated with Oppenheimer & Co. Inc., has at least one disclosable event. These events include one customer complaint, alleging that Moshtael 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 October 15, 2024.

Failure to maintain/handle account based on Complainant’s instructions to not let value of the account fall below $250k; excessive commission charges. From 8/1/2020 to 2/1/2022

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Dilullo (Dilullo), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dilullo 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 $750,000.00 on October 16, 2024.

Customer alleges that investments made from November of 2018 to October 2021 were unsuitable for the customer’s investment objectives and risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ray anthony San pedro (San pedro), currently associated with Arete Wealth Management, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that San pedro 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 $15,000.00 on October 15, 2024.

Breach of fiduciary duties.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Upton (Upton), currently associated with LPL Financial LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Upton 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 October 16, 2024.

Customers allege that investments made were unsuitable for the customers’ investment objectives and risk tolerance. Timeframe: 2012 – 2018

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tracey Smith (Smith), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $73,569.87 on October 16, 2024.

The executor of the deceased client’s estate alleged that the advisor misrepresented the death benefit on the client’s NQ RiverSource RAVA 5 Advantage variable annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Pelletiere (Pelletiere), previously associated with Pruco Securities, Llc., has at least 4 disclosable events. These events include 3 customer complaints, one tax lien, alleging that Pelletiere 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 $5,001.00 on October 16, 2024.

The complainant alleges that his registered representative forged his signature on an insurance application on/or around September 04, 2019, and signed for new and additional policies, even though his current policies were still active.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Tweed (Tweed), previously associated with Cabot Lodge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tweed 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 $400,000.00 on October 16, 2024.

Allegations include negligence and improper recommendations for investments made prior from approximately 2012 to 2014.

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

FINRA BrokerCheck shows a pending customer complaint on October 16, 2024.

Customer alleges that investments in mutual funds made from October 2021 to December 2023 were unsuitable for the customer’s investment objectives and risk tolerance

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

FINRA BrokerCheck shows a pending customer complaint on October 17, 2024.

UNSUITABILITY, BREACH OF FIDUCIARY DUTY, AND NEGLIGENCE

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