Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carine Smith (Smith), currently associated with Tiaa-cref Individual & Institutional Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on December 05, 2023.

In a written complaint, the client alleges the Firm executed unauthorized transactions by failing to follow investment instructions related to a rollover from her deceased spouse’s account. To resolve the issue, TIAA corrected the transactions and credited the client’s account $156,316.63, an amount equal to potential lost earnings, on December 29, 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tasha Coleman (Coleman), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Coleman 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 $7,914.00 on November 29, 2023.

Customers allege that the terms of the certificates of deposit were misrepresented.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerald Lencke (Lencke), previously associated with Harbour Investments, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lencke 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 04, 2023.

Beginning in or around 2018, Client alleges breach of contract and warranties, breach of fiduciary duty, negligence and gross negligence, misrepresentation/omission, unjust enrichment, failure to supervise and vicarious & control person liability.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pedro Martinez Parsi (Martinez Parsi), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Martinez Parsi 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 $483,000.00 on November 29, 2023.

Time frame:   Unspecified.\, \, Allegations: Claimants allege their investments in Puerto Rico closed-end funds were unsuitable, over-concentrated, and misrepresented as safe investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Hartley (Hartley), currently associated with A.g.p. / Alliance Global Partners, has at least one disclosable event. These events include one customer complaint, alleging that Hartley 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 $2,600,000.00 on December 04, 2023.

Alleges Registered Representative took inappropriate risks purchasing unsuitable investments, overtrading options, and deviating from the investment plan.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roger Follis (Follis), currently associated with A.g.p. / Alliance Global Partners, has at least one disclosable event. These events include one customer complaint, alleging that Follis 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 $2,600,000.00 on December 04, 2023.

Alleges Registered Representative took inappropriate risks purchasing unsuitable investments, overtrading options, and deviating from the investment plan.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brent Ewert (Ewert), currently associated with the O.n. Equity Sales Company, has at least one disclosable event. These events include one customer complaint, alleging that Ewert 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 $20,000.00 on November 29, 2023.

Breach of duty, negligence, and failure to supervise.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Carrasco (Carrasco), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Carrasco 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 $800,000.00 on December 01, 2023.

Time frame: 2009-Present\, \, Allegations: Claimants allege that the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable and that their UBS account was over-concentrated in these investments. They also allege that the risks of investing in and concentrating in PR investments were misrepresented.

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

FINRA BrokerCheck shows a settled customer complaint on December 04, 2023.

CLIENT ALLEGED THAT IT WAS IMPROPER FOR HER FA TO MAINTAIN HER POSITION IN APPLE IN A MANAGED ACCOUNT INCURING MANAGEMENT FEES WHEN IT WAS KNOWN THAT SHE HAD NO INTENTION OF SELLING ANY OF THE POSITION. DAMAGES UNSPECIFIED 2014-2023

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Stanford (Stanford), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stanford 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 $60,000.00 on December 04, 2023.

Unsuitable recommendations, misleading investment advice, failure to conduct due diligence.

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