Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shlomo Strugano (Strugano), previously associated with First Allied Securities, INC., has at least 5 disclosable events. These events include 4 customer complaints, one regulatory event, alleging that Strugano 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 $750,000.00 on June 17, 2020.

Claimant alleges former financial adviser recommended unsuitable alternative investments and misappropriated money through an outside power of attorney entity. Claimant’s alleges unsuitability, breach of fiduciary duty, negligence, misrepresentation and elder abuse.

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $1,669,477.49 on September 09, 2019.

Shachar was a subject of the customers’ complaint against his member firm that asserted the following causes of action: negligence, negligent misrepresentation, breach of fiduciary duty, breach of contract, negligent supervision, and violation of the Ohio Securities Act.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Monckton (Monckton), currently associated with Ameriprise Financial Services, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Monckton 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 $17,500.00 on October 28, 2020.

Claimants allege investments sold to them beginning in 2013 were unsuitable and too risky based on their desire to avoid long term, illiquid investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Howley (Howley), previously associated with Park Avenue Securities LLC, has at least 11 disclosable events. These events include 8 customer complaints, 3 regulatory events, alleging that Howley recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on December 29, 2021.

HOWLEY SOLD UNREGISTERED SECURITIES. HOWLEY ACTED AS AN AGENT WITHOUT REGISTRATION. HOWLEY WILLFULLY FAILED TO COMPLY WITH PARK A VENUE’S POLICIES. HOWLEY IS THE SUBJECT OF AN ORDER OF A SELF-REGULATORY ORGANIZATION EXPELLING HIM FROM A SELF-REGULATORY ORGANIZATION.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Booth (Booth), previously associated with LPL Financial LLC, has at least 34 disclosable events. These events include 31 customer complaints, 3 regulatory events, alleging that Booth recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 20, 2020.

Clients allege misappropriated funds.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregg Lentz (Lentz), currently associated with Arkadios Capital, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lentz 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 $11,200.00 on September 09, 2019.

Client asserts that the recommendations made by the advisor were not the most suitable investments available. Client feels that he should be reimbursed $11,200 plus interest by advisor.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Warren Hartzman (Hartzman), currently associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hartzman 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 $45,006.46 on September 09, 2020.

Client claimed that the financial advisor was not acting in her best interest by misrepresenting and providing misleading information about the unsuitable investments in her portfolio. (3/1/2013-9/9/2020)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cindy Chiellini (Chiellini), previously associated with Centaurus Financial, INC., has at least 43 disclosable events. These events include 43 customer complaints, alleging that Chiellini 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 $50,000.00 on April 12, 2023.

In mid-2019, the customer alleges that the Registered Representative recommended risky, illiquid, complex and high-risk investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Finnegan (Finnegan), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Finnegan 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 $50,000.00 on September 09, 2020.

Claimant alleges breach of fiduciary duty and negligent supervision

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carey James (James), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that James 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 $100,000.00  on July 17, 2023.

During the period 2012 through 2018, the customers allege that the Registered Representative recommended illiquid investments that performed poorly.

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