Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bradley Behrendt (Behrendt), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Behrendt 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 $20,248.00 on August 12, 2023.

FAILURE TO FOLLOW INSTRUCTIONS. CLIENT AUTHORIZED TRADES IN HER ACCOUNT TO GENERATE REQUESTED CASH BUT SPECIFICALLY DID NOT WANT CERTAIN HOLDINGS SOLD. THE HOLDINGS WERE SOLD IN ERROR AND CAUSED SIGNIFICANT TAX LIABILITY.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Carlson (Carlson), currently associated with Regulus Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Carlson 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 $1,000,000.00 on August 08, 2023.

Claimant alleges lack of supervision by Donald Carlson for registered representatives Sanjay Bhargava and Matthew Schiller in January 2021. Regulus Financial Group finds no fault in Donald Carlson and is pursuing denial of claim in arbitration.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Franco Dimaio (Dimaio), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Dimaio 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 August 09, 2023.

Time frame: October 2021\, Allegations: Failure to inform the Plaintiff about the lack of eligibility for rollovers when withdrawing funds from inherited IRA.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Derek Schanhofer (Schanhofer), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Schanhofer 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 $13,786.71 on August 09, 2023.

The client alleged the advisors lack of management of his discretionary account from June 2022-July 2023 has led to missed gains totaling $13,786.71.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bertram Unger (Unger), previously associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Unger 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 $15,290.59 on August 11, 2023.

The client alleges that trades placed by the Financial Advisor on February 8, 2021, were not authorized.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Labelle (Labelle), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Labelle 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 $200,000.00 on August 10, 2023.

Customer alleges that certain alternative investments purchased for her account were unsuitable, and that representative made alleged misrepresentations concerning the investments. Time period unspecified.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brett Ellen (Ellen), previously associated with Metric Financial INC., has at least one disclosable event. These events include one customer complaint, alleging that Ellen 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 $204,812.00 on August 15, 2023.

Customer alleges breach of fiduciary duty, breach of contract, material misrepresentations and omissions, and negligence related to alternative investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mary Swanson (Swanson), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Swanson 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 $76,000.00 on August 15, 2023.

Claimants allege breach of contract, negligence, and breach of fiduciary duty.

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

FINRA BrokerCheck shows a pending customer complaint on August 14, 2023.

The clients are alleging insufficient due diligence, unsuitability, insufficient supervision, fraud, violation of the New York Consumer Protection Act, breach of contract, breach of fiduciary duty and negligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Smith (Smith), currently associated with Wells Fargo Clearing 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 award / judgment customer complaint on August 21, 2023.

In or around May 2020, Claimant states that the Financial Advisor violated duties through inaction to prevent unauthorized trades in the account of their elderly client with declining health.

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