Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nabil Bouab (Bouab), previously associated with Garden State Securities, Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Bouab 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 $5,000.00 on October 21, 2024.

Customers allege financial professional made unsuitable investments which performed poorly beginning in 2019.

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

FINRA BrokerCheck shows a pending customer complaint on October 18, 2024.

Customer alleges representative failed to follow instructions. Time period: 2017-2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carolyn Wyatt (Wyatt), currently associated with Western International Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Wyatt 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 $198,037.00 on October 21, 2024.

Client claims the rep failed to conduct a reasonable due diligence on the security.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Vigil (Vigil), previously associated with Infinity Financial Services, has at least one disclosable event. These events include one customer complaint, alleging that Vigil 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 $18,000.00 on October 22, 2024.

A client alleged that documents were altered in connection with the purchase of a security and were submitted without her knowledge.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Nole (Nole), currently associated with Paulson Investment Company LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Nole 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 22, 2024.

Claimants allege that respondent Paulson, acting through Nole, improperly recommended that Claimants invest monies in GWG Holdings, Inc., L Bonds. Claimants further allege that Paulson, acting through Nole, falsely represented that this investment was backed by life insurance policies and was completely safe, and that Paulson failed to conduct a reasonable due diligence on GWG. Claimants allege this investment was misrepresented to them, and this investment was inconsistent with their risk tolerance and investment objectives.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Elkins (Elkins), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Elkins 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 October 21, 2024.

Time frame: November 2010 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 Steven Kahn (Kahn), currently associated with American Trust Investment Services, Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kahn 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 22, 2024.

Breach of Fiduciary Duty; Fraud; Elder Abuse; Negligence; Negligent Misrepresentation

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Clayton (Clayton), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one tax lien, alleging that Clayton recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on November 08, 2024.

Respondent Clayton failed to respond to FINRA requests for information.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Marotto (Marotto), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Marotto 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 $550,049.00 on December 12, 2024.

CUSTOMERS ALLEGES MISREPRESENTATION, UNAUTHORIZED TRADING AND SUITABILITY. ACTIVITY DATES 1-1-2019 – 6-9-2023.

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

FINRA BrokerCheck shows a pending customer complaint on October 24, 2024.

Time frame: 01/2018 – 02/2020. Claimant alleges breach of fiduciary duty; unsuitable investment recommendation, and negligence.

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