Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Watson (Watson), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Watson 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 $450,000.00 on April 28, 2020.

Claimant purchased FS Energy & Power Fund and FS Investment Corporation III in November 2015. Claimant filed a written complaint with Respondent on February 3, 2020 alleging the investments were unsuitable. The complaint subsequently resulted in the referenced Arbitration filed with allegations of Breach of Fiduciary Duty; Violations of FINRA Rules, Breach of Contract and Negligence; and, Negligent Supervision.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Loiterstein (Loiterstein), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Loiterstein 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 $570,000.00 on April 27, 2020.

The customer alleges misrepresentations in August 2015.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Elizabeth Rahn (Rahn), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rahn 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 $15,863.00 on April 25, 2020.

Client alleges misrepresentation and suitability regarding managed account investment. Activity dates  04/17/2020-04/21/2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Peterson (Peterson), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Peterson 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 $300,000.00 on April 25, 2020.

Customers (husband and wife) allege RR Peterson failed to consider certain government offsets when preparing their financial plan in 2014. Such alleged failure purportedly caused losses to the customers’ net worth. Customers allege in doing so, RR Peterson allegedly breached certain fiduciary duties, and contractual and regulatory obligations. RR Peterson intends to vigorously contend the allegations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stanley Lewandoski (Lewandoski), currently associated with Arkadios Capital, has at least one disclosable event. These events include one customer complaint, alleging that Lewandoski 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 $50,000.00 on April 30, 2020.

Misrepresentation, April 2018

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Kelly (Kelly), currently associated with UBS Financial Services INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kelly 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 $6,000,000.00 on April 24, 2020.

Time frame:   Unspecified \<char_lb_r>\, Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Fulton (Fulton), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Fulton 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 $1,400,000.00 on April 28, 2020.

Time frame: 2017-2019\<char_lb_r>\, Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Mallow (Mallow), previously associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mallow 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 $350,000.00 on May 01, 2020.

Arbitration statement of claim contained an allegation that representative misrepresented the level of risk associated with securities in a managed account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Callaway (Callaway), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Callaway 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 $59,000.00 on April 29, 2020.

The client alleged the advisor provided incorrect information about mutual fund sales amounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Mizzi (Mizzi), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Mizzi 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 $19,954.72 on April 26, 2020.

The customer alleges failure to follow instructions on March 11, 2020.

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