Reg BI

Broker Edward Turrisi in Key Investment Services LLC Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Turrisi (Turrisi), currently associated with Key Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Turrisi 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 $14,038.60 on May 12, 2025.

Client alleged that they did not sign all documents that initiated the brokerage account opening and subsequent annuity purchase. Upon internal investigation of the client’s signatures, documentation, and review of events there did not appear to be any inconsistencies noted and we did not uncover any merit to the claim.

Broker Ivor Thomas in Edward Jones Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 24, 2024.

The client alleges that since 2018, the Financial Advisor advised them to make Roth contributions despite their eligibility limitations based upon their income.

There are Recent Customer Complaints with Broker Aaron Liu in Firm Morgan Stanley

August 25, 2025 | by Staff Attorney

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

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

CLIENT ALLEGES MISREPRESENATION WITH RESPECT TO INVESTMENT STRATEGY IMPLEMENTED IN HER ACCOUNT

There are Recent Customer Complaints with Broker Joseph Spina in Firm Osaic Wealth, INC.

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Spina (Spina), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Spina 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 17, 2024.

Clients allege that equities were purchased and sold against their objectives and risk tolerance.

Broker Felipe Colon in LPL Financial LLC Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 23, 2024.

Claimant alleges that beginning in 2015, the financial advisor invested the Claimant in unsuitable investments.

There are Recent Customer Complaints with Broker Michael Raineri in Firm Securities America, INC.

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Raineri (Raineri), previously associated with Securities America, INC., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Raineri recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on July 01, 2024.

S-23-3545-24-CO01 – On August 26, 2024, the Securities Division entered into a Consent Order with Michael Patrick Raineri (Raineri) of Seattle, Washington. Raineri was previously an investment adviser representative at Securities America Advisors, Inc. and a securities salesperson at Securities America, Inc. The Securities Division previously entered a Statement of Charges against Raineri on July 1, 2024. The Statement of Charges alleged that Raineri engaged in dishonest and unethical practices and violated the anti-fraud provisions of the Securities Act of Washington in connection with funds that he received from an elderly client. In settling the matter, Raineri neither admitted nor denied the allegations, but agreed to cease and desist from violating the Securities Act and to denial of any future securities registration applications. Raineri further agreed to pay a fine of $20,000 and reimburse the Securities Division $5,000 for its costs of investigation. Raineri waived his right to a hearing and to judicial review of the matter.\, \, \, S-23-3545-23-SC01 – Michael Patrick Raineri -Statement of Charges\, On July 1, 2024, the Securities Division entered a Statement of Charges and Notice of Intent to Enter Order to Cease and Desist, to Deny Future Registrations, to Impose a Fine, and to Charge Costs (\\u201cStatement of Charges\\u201d) against Michael Raineri (\\u201cRespondent\\u201d) of Seattle, Washington. Raineri was previously an investment adviser representative at Securities America Advisors, Inc. and a securities salesperson at Securities America, Inc. The Statement of Charges alleges that the Respondent violated Raineri engaged in dishonest and unethical practices and the anti-fraud provisions of the Securities Act of Washington in connection with funds that he received from an elderly client. The Securities Division intends to order the Respondent to cease and desist from violating the Securities Act of Washington and gives notice of its intent to deny future registrations, impose a fine, and to charge costs. The Respondent has a right to request a hearing on the Statement of Charges.\,

Broker Michael Lackwood in Apw Capital, INC. Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lackwood (Lackwood), previously associated with Apw Capital, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lackwood 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 $351,089.00 on February 05, 2025.

Complainant invested $351,089 between 7/11/2024 and 7/22/2024. She alleges a 31% loss by 11/26/2024 . Alleges respondent invested in leveraged ETFs and options, which were outside of her risk tolerance and understanding.

Broker Jeffrey Mullins in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 01, 2025.

The client verbally complained that their Financial Advisor advised them they would receive the full return of principal when they surrendered during the free look period, but the returned sum was reduced by a market value adjustment. (2/25/2025 – 5/1/2025)

There are Recent Customer Complaints with Broker Ariel Rivero in Firm Insigneo Securities, LLC

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ariel Rivero (Rivero), previously associated with Insigneo Securities, LLC, has at least 2 disclosable events. These events include 2 regulatory events, alleging that Rivero recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on May 02, 2025.

Respondent Rivero failed to pay fines and/or costs of $9,802.99 in FINRA Case #2021072830601.

There are Recent Customer Complaints with Broker Michael Mooney in Firm Oppenheimer & CO. INC.

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Mooney (Mooney), previously associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one regulatory event, alleging that Mooney recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 05, 2024.

The Securities and Exchange Commission (‘Commission’) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted against Michael Mooney (‘Mooney’ or ‘Respondent’). In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the ‘Offer’) which the Commission has determined to accept. The Commission finds that o March 18, 2024, a judgment was entered by consent against Mooney, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933 (‘Securities Act’), Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Advisers Act, as set forth in the judgment entered in the civil action entitled Securities and Exchange Commission v. Mooney, et al., Civil Action Number 1:22-CV02320, in the United States District Court for the Northern District of Georgia. The Commission’s complaint alleged that Mooney, in connection with the sale of interests in Horizon Private Equity, III, LLC and while working at Southport Capital, made false statements to investors and otherwise engaged in conduct which operated as a fraud and deceit on investors.