Reg BI

Broker Thomas Stiles in MML Investors Services, LLC Firm Has Customer Complaint

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Stiles (Stiles), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stiles 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 $895,869.65 on December 14, 2024.

The complainant’s alleged their registered representative sold them Variable Annuities in/and around 2014 and 2019, which were misrepresented, and unsuitable. The complainants also allege that a Whole Life policy was sold, and that too was unsuitable.

There are Recent Customer Complaints with Broker Mitchell Panchula in Firm Nylife Securities LLC

February 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mitchell Panchula (Panchula), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Panchula 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 $97,000.00 on December 19, 2024.

Claimant alleges between April 2020 – January 2021, Respondent Panchula made misrepresentations on policy applications that placed the claimant in unsuitable annuity contracts. Claimant alleges general noncompliance with the SEC’s Regulation BI, and that Respondent violated FINRA rules violation of FINRA Rule 2111 and FINRA Rule 2330.

Broker Peter Costello in Morgan Stanley Firm Has Customer Complaint

February 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Costello (Costello), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Costello 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 $11,300.00 on December 18, 2024.

Client alleges, inter alia, mutual fund investment in her account was unsuitable – 2015 to 2024

Broker Ran Regev in Osaic Wealth, Inc. Firm Has Customer Complaint

February 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ran Regev (Regev), currently associated with Osaic Wealth, Inc., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Regev 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 19, 2024.

Claimants allege representative placed them in unsuitable investments, charged excessive fees and failed to follow instructions regarding disposition of assets.

Broker Marco Oreamuno in Bolton Global Capital Firm Has Customer Complaint

February 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marco Oreamuno (Oreamuno), currently associated with Bolton Global Capital, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Oreamuno 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 $178,000.00 on December 19, 2024.

September 11, 2024: The Representative called the client to solicit a trade. Unable to reach the client, Mr. Oreamuno placed the trade anyway. The client saw the trade when he checked his account online.

There are Recent Customer Complaints with Broker James Langford in Firm Madison Avenue Securities, LLC

February 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on December 17, 2024.

Without admitting or denying the findings, Langford consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection to its investigation of allegations made on a Form U5 filing by his member firm. The findings stated that Langford’s firm filed a Form U5 amendment disclosing a civil litigation alleging that Langford converted $600,000 from a trust account for his own personal use without the consent or knowledge of the customer. The firm later filed another Form U5 amendment disclosing felony charges against Langford for aggravated theft by deception and financial exploitation of the elderly.

Broker John Hoile in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

February 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 17, 2024.

Claimant alleges REIT purchased was unsuitable.

Broker Ting Chen in Landolt Securities, Inc. Firm Has Customer Complaint

February 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ting Chen (Chen), currently associated with Landolt Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Chen 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 18, 2024.

Almost 3 years following GWG Holdings Inc. filing for Chapter 11 bankruptcy protection, the customer is now alleging that his L bond purchase from November 2020 was unsuitable

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

February 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 16, 2024.

The client alleges unauthorized trading from 12/11/2024-12/13/2024.

There are Recent Customer Complaints with Broker Garry Martin in Firm Raymond James Financial Services, Inc.

February 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Garry Martin (Martin), currently associated with Raymond James Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Martin 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 $191,000.00 on December 19, 2024.

The client alleged the advisor set up accounts incorrectly and disbursed funds to wrong account types causing a taxable event. Allegation Activity Date: 12/13/2024.