Reg BI

Broker Aret Gugin in Aegis Capital Corp. Firm Has Customer Complaint

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Aret Gugin (Gugin), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Gugin 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 $500,000.00 on December 10, 2024.

Time frame: 02/15/2019 to present. Claimant alleges unsuitable investment recommendation, and misrepresentation and omission of material facts.

There are Recent Customer Complaints with Broker Ronald Smith in Firm Pts Brokerage, LLC

February 22, 2025 | by Staff Attorney

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

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

SMITH IS THE SUBJECT OF AN ORDER OF A SELF-REGULATORY ORGANIZATION EXPELLING HIM FROM A SELF-REGULATORY ORGANIZATION.

Broker Tammie Farrell in Capital Investment Group, Inc. Firm Has Customer Complaint

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tammie Farrell (Farrell), currently associated with Capital Investment Group, Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Farrell 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 10, 2024.

GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Relative to specific investment+J184 made by clients, claims include violations of federal securities laws, violations of NC Securities Act, breach of contract, common law fraud, breach of fiduciary duty and, negligence and gross negligence.

Broker Michael Gimeli in Aegis Capital Corp. Firm Has Customer Complaint

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Gimeli (Gimeli), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Gimeli 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 $17,998.62 on December 09, 2024.

Time frame: July 2024 – November 2024. Client alleges unauthorized trades.

There are Recent Customer Complaints with Broker John Holly in Firm Kestra Investment Services, LLC

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Holly (Holly), currently associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Holly 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 $5,281,000.00 on December 04, 2024.

Claimant is seeking additional relief based on claims from FINRA Arbitration 08-01045.

Broker Mary Beslagic in Edward Jones Firm Has Customer Complaint

February 21, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on December 12, 2024.

Without admitting or denying the findings, Beslagic consented to the sanctions and to the entry of findings that she willfully violated Rule 15l-1(a)(1) under the Exchange Act (Reg BI) by recommending that customers of her member firm invest proceeds of their home equity loan in mutual funds, which was not in the customers’ best interest. The findings stated that Beslagic was aware of the customers’ intended use of their liquified home equity proceeds and that the customer had several near-term liquidity needs. The mutual funds began declining in value shortly after the customers purchased them, resulting in the customers selling a portion of their investments at a loss and taking out margin loans totally approximately $25,000 to meet their near-term liquidity needs. Beslagic’s firm provided compensation to the customer for their losses.

There are Recent Customer Complaints with Broker Sean Mccabe in Firm Network 1 Financial Securities Inc.

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sean Mccabe (Mccabe), currently associated with Network 1 Financial Securities Inc., has at least 3 disclosable events. These events include 2 customer complaints, one regulatory, alleging that Mccabe recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on December 11, 2024.

Without admitting or denying the findings, McCabe consented to the sanctions and to the entry of findings that he excessively and unsuitably traded a customer’s account. The findings stated that McCabe recommended high frequency in-and-out trading to the customer, including recommending that the customer sell a position he had recently opened even when the price of the security had not materially changed. The customer, a dairy farmer in his late fifties with a speculative risk tolerance, relied on McCabe’s advice and routinely followed his recommendations. As a result, McCabe exercised de facto control over the customer’s account. McCabe’s trading in the customer’s account generated $19,275 in commissions and caused $57,445 in realized losses.

There are Recent Customer Complaints with Broker Robert Christman in Firm the Huntington Investment Company

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Christman (Christman), currently associated with the Huntington Investment Company, has at least one disclosable event. These events include one customer complaint, alleging that Christman 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 $11,000.00 on December 16, 2024.

Client stated she is unhappy that she was advised to invest in a market-linked certificate of deposit (CD), as the current market value has declined, and she requested a return of the principal amount invested.

There are Recent Customer Complaints with Broker Eric Stone in Firm Fidelity Brokerage Services LLC

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Stone (Stone), previously associated with Fidelity Brokerage Services LLC, has at least 3 disclosable events. These events include 2 customer complaints, one tax lien, alleging that Stone 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 $2,705,745.64 on December 13, 2024.

Customer alleges that she loaned money to the former employee and that she has not been repaid. Only $30,000 of claimed damages relate to conduct prior to former employee’s termination.

There are Recent Customer Complaints with Broker Rocco Rugnetta in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rocco Rugnetta (Rugnetta), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Rugnetta 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 $500,000.00 on December 13, 2024.

Client alleges misrepresentation and unsuitable investment recommendations.