Articles Posted in Reg BI

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

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

Customer complained that recommendation to reposition portfolio resulted in unsuitable risk exposure and lack of sufficient diversification. (9/17/2024 – 10/23/2024)

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

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

Clients allege sale of unsuitable investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cory Schmelzer (Schmelzer), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Schmelzer 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 $42,151.00 on November 26, 2024.

Customer alleges that discretionary trades made in her portfolio by the financial professional were not in her best interest.

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

FINRA BrokerCheck shows a pending customer complaint on January 10, 2025.

Claimants allege an unsuitable recommendation for the purchase of a security.

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

FINRA BrokerCheck shows a pending customer complaint on January 10, 2025.

Claim made by Estate of deceased client alleges, inter alia, unauthorized trading with respect to equity investments – August 2014 through November 2015

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philip Masi (Masi), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Masi 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 December 30, 2024.

CLAIMANT ALLEGES THE RR RECOMMENDED AN UNSUITABLE OIL & GAS INVESTMENT

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Clementi (Clementi), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Clementi 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 $152,235.00 on January 02, 2025.

Claimant allegse investment in PLBY was not suitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Horak (Horak), currently associated with Purshe Kaplan Sterling Investments, has at least 5 disclosable events. These events include 5 customer complaints, alleging that Horak 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 $132,500.00 on December 23, 2024.

Unsuitable investment regarding the sale of GWG L bonds.

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

FINRA BrokerCheck shows a pending customer complaint on January 08, 2025.

Claimant generally alleges unsuitability, fraud, breach of contract, and breach of fiduciary duty.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Lefkowitz (Lefkowitz), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Lefkowitz 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 $152,235.00 on January 02, 2025.

Claimant alleges investment in PLBY was not suitable.

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