Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Craig Nomberg (Nomberg), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nomberg 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 March 07, 2024.

Allegations: SOAEX purchase – unsuitability, misrepresentation and omissions Allegation period: December 4, 2018, the date of the first purchase of SOAEX to March 7, 2024 the date the SOC was received.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Egan (Egan), previously associated with Western International Securities, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Egan 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 $50,001.00 on March 06, 2024.

Misrepresentation

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sonia Attkiss (Attkiss), currently associated with UBS Financial Services INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Attkiss recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on March 07, 2024.

Time frame:    January 2018 – Present\, \, Allegations: Claimant 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 Michael Norton (Norton), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Norton 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 March 07, 2024.

Gabelli purchase – unsuitability, misrepresentation and omissions\, Allegation period:  December 4, 2018, the date of the first purchase of SOAEX to March 7, 2024 the date the SOC was received.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Passero (Passero), currently associated with Money Concepts Capital CORP, has at least one disclosable event. These events include one customer complaint, alleging that Passero 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 $35,000.00 on March 08, 2024.

Claimant alleged that the product failed and was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Albers (Albers), currently associated with Wells Fargo Clearing Services, LLC / LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Albers 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 March 11, 2024.

Claimant alleges his Financial Advisor (FA) and Wells Fargo (WF) engaged in an active trading strategy causing Claimant losses in his account while the markets earned generational returns. Claimant claims Breach of Fiduciary Duty, Negligence and Negligent Supervision. Claimant seeks $50,000.00 in compensatory damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Bilitz (Bilitz), currently associated with Vanderbilt Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bilitz 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 $8,489.81 on March 08, 2024.

The client alleged the recommendation and sale of the RiverSource Multi-Index Universal Insurance Policy by the advisor was unsuitable based on her needs and resources in June 2023 and he misrepresented the purchase of a new AIG SunAmerica Variable Annuity as a continuation of her deceased husband’s annuity in August 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kurt Baldry (Baldry), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Baldry 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 $350,500.00 on March 10, 2024.

Lack of due diligence, Suitability, Misrepresentation and Fraud related to purchases of iCap Equity between January 2021 and April 2022.

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

FINRA BrokerCheck shows a pending customer complaint on March 11, 2024.

Customers allege that  an investment made during the period of 2012-2014 were inappropriate for the customers investment objectives and risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Louis Wargo (Wargo), currently associated with Osaic Wealth, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wargo 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 $137,000.00 on March 07, 2024.

Claimant alleges unsuitable recommendation and sale of an alternative investment.

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