Articles Posted in Reg BI

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

FINRA BrokerCheck shows a settled customer complaint on October 23, 2023.

Time Frame: August 15th 2023\, \, What were the allegations against the individual? Client verbally alleged he gave instructions to liquidate his managed account and those instructions were not followed.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Stolberg (Stolberg), currently associated with Private Client Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stolberg 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 $500,000.00 on October 31, 2023.

Statement of Claim alleges the financial professional recommended an unsuitable investment. Claimant suggests the investment was misrepresented.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Seth Stewart (Stewart), previously associated with Center Street Securities, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Stewart 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 $100,000.00 on October 30, 2023.

Clients allege registered representative recommended an unsuitable investment.

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

FINRA BrokerCheck shows a settled customer complaint on October 27, 2023.

The client alleges that the registered representative misled her regarding the interest being paid monthly toward her Loan Management Account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Tulloch (Tulloch), previously associated with Avatar Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tulloch 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 $300,000.00 on October 31, 2023.

Representative Tulloch overly concentrated claimant’s money into one illiquid REIT and incorrectly promised the REIT was safe, secure, and would continually return distributions from profit and not return of principal. Northstar Healthcare Income REIT was recommended to the claimants on or around November 2015.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Stotler (Stotler), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Stotler 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 $5,300.00 on October 31, 2023.

Former client alleges that his Financial Advisor withdrew funds from a Roth IRA which resulted in a 10% penalty as well as taxation on the withdrawal even though the client was clear that he did not want to make any withdrawals that would result in tax consequences.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Dumont (Dumont), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Dumont 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 $500,000.00 on October 31, 2023.

Statement of Claim alleges the financial professional recommended an unsuitable investment. Claimant suggests the financial professional failed to provide adequate guidance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Regan (Regan), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Regan 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 $305,000.00 on October 30, 2023.

Customers, first and second successor trustees of a charitable remainder trust, allege that the Representative failed to invest the trust’s funds in managed advisory accounts according to the trust provisions, and failed to advise customers of same. Customers also allege that their personal assets were not invested in accordance with their risk tolerance or circumstances. The Representative denies the allegations.

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

FINRA BrokerCheck shows a settled customer complaint on October 27, 2023.

Client alleges the investment was unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Hofstein (Hofstein), previously associated with Securities America, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hofstein 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 $150,000.00 on October 30, 2023.

The Claimants allege that the financial professional sold them an alternative investment that was unsuitable.

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