Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allan Montalbano (Montalbano), previously associated with Worden Capital Management LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Montalbano 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 $543,163.00  on June 26, 2020.

Allege that between 2014-2017, reps provided unsuitable recommendations wtih unsuitable concentrations, with unreasonable commissions and failure to konw their customer

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bradley Rubin (Rubin), currently associated with UBS Financial Services INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rubin 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 $600,000.00  on June 25, 2020.

Time frame: July 2017-Present\<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 Alexis Intili (Intili), currently associated with Allstate Financial Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Intili 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 $16,470.08  on June 22, 2020.

Customer alleges they were misled in believing that the annuity they purchased was risk adverse and was going to be earning a rate of return of 5.7%.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Nikolakakos (Nikolakakos), previously associated with Td Ameritrade, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nikolakakos 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 $543,163.00  on June 26, 2020.

Allege that between 2014-2017, reps provided unsuitable recommendations with unsuitable concentrations, with unreasonable commissions and failure to konw their customer

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Perri (Perri), previously associated with Berthel, Fisher & Company Financial Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Perri recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 22, 2020.

The client alleges the investments he purchased in 2015 were unsuitable and misrepresented to him by the representative. The client also alleges the firm failed to supervise the actions of the representative and failed to conduct adequate due diligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Antevy (Antevy), currently associated with Fmsbonds, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Antevy 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 $500,000.00  on June 23, 2020.

Claim alleges that the broker ‘mislead and enticed’ customer into investing in low rated junk bonds.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Skinner (Skinner), previously associated with First Republic Securities Company, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Skinner 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 $5,000,000.01  on June 22, 2020.

For the period August 2014 to May 2019, client alleges, inter alia, that the registered representative recommended unsuitable positions in violation of FINRA rules.

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

FINRA BrokerCheck shows a settled customer complaint on June 23, 2020.

Claimants allege that former LFS Registered Representative Barry Horowitz improperly referred Claimants to an individual who was a known fraudster and who solicited Claimants into purchasing a promissory note. Claimants allege total damages in excess of $999,999.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Nagy (Nagy), currently associated with Ameriprise Financial Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nagy 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 $15,153.91  on June 23, 2020.

Client alleges that the Municipal Securities mutual fund that he purchased was not suitable for him based on his risk tolerance. Purchase date August 2019; resolution date July 2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Phillip Smelser (Smelser), currently associated with Cambridge Investment Research, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Smelser 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 $600,000.00  on June 29, 2020.

SOC alleges the sale of unsuitable investments, misrepresentation and other sales practice violations.

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