Reg BI

Broker John Dow in Morgan Stanley Firm Has Customer Complaint

February 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on January 06, 2025.

Without admitting or denying the findings, Dow consented to the sanction and to the entry of findings that he refused to produce documents requested by FINRA in connection with its investigation into a Form U5 filed by his member firm relating to his administration of a family member client’s estate. The findings stated that the firm filed the U5 disclosing that Dow had terminated his association with the firm while under internal review for non-Firm approved activities involving representative’s family member, including serving as an executor of the family member’s estate and activities with respect to two outside checking accounts held with the family member.

There are Recent Customer Complaints with Broker James Pecoraro in Firm Spartan Capital Securities, LLC

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Pecoraro (Pecoraro), currently associated with Spartan Capital Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pecoraro 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 January 02, 2025.

Negligence, Misrepresentation, Breach of Fiduciary Duty, Deception, Exploitation, Negligent Supervisor

There are Recent Customer Complaints with Broker Zwi Pechthalt in Firm Edward Jones

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Zwi Pechthalt (Pechthalt), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Pechthalt 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 $30,000.00 on January 03, 2025.

The client alleges the Financial Advisor’s recommendation and subsequent purchase of ACB and TLRY was not suitable and did not align with investment goals or risk profile.

Broker Patrick Jordan in Commonwealth Financial Network Firm Has Customer Complaint

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Jordan (Jordan), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Jordan 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 $30,000.00 on January 02, 2025.

Plaintiff alleges that her brother was their mother’s FA and that he charged excessive fees; executed a low volume of transactions; did not purchase the least expensive share classes; executed some trades that were not suitable; and failed to disclose to Plaintiff the true value of their mother’s accounts. Allegation Activity Dates: 2/11/04 – 12/31/24.

There are Recent Customer Complaints with Broker Ian Greenblatt in Firm Capitol Securities Management, Inc.

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ian Greenblatt (Greenblatt), currently associated with Capitol Securities Management, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Greenblatt 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 $150,000.00 on January 03, 2025.

The client alleges that the advisor has been making excessive and high-risk trades in his account.

There are Recent Customer Complaints with Broker John Shortal in Firm Moloney Securities Co., Inc.

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Shortal (Shortal), currently associated with Moloney Securities Co., Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Shortal 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 $664,400.00 on January 03, 2025.

Suitability/negligence. 2018-2022

Broker Michael Siek in Dominari Securities LLC Firm Has Customer Complaint

February 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 06, 2025.

Time frame: Unspecified. Claimants allege unsuitable investments.

There are Recent Customer Complaints with Broker Gilbert Kuta in Firm Aegis Capital Corp.

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gilbert Kuta (Kuta), currently associated with Aegis Capital Corp., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Kuta 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 $30,000.00 on January 06, 2025.

Client alleges excessive, unsuitable trading, and poor performance of equity securities in her account.

There are Recent Customer Complaints with Broker Michael Heck in Firm Equitable Advisors, LLC

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Heck (Heck), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Heck 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 $5,000.00 on January 03, 2025.

Client alleges RR made an unsuitable recommendation, failed to disclose fees, and made misrepresentations in connection with a variable annuity purchased in 2020.

There are Recent Customer Complaints with Broker John Schlagheck in Firm Cape Securities Inc.

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Schlagheck (Schlagheck), previously associated with Cape Securities Inc., has at least 7 disclosable events. These events include 6 customer complaints, one regulatory, alleging that Schlagheck recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 06, 2025.

Respondent Schlagheck failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.