Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Peterson (Peterson), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peterson 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, 2025.

Customer alleges that the Variable Annuity policy purchased in December 2024 using funds transferred from his SIMPLE IRA was not clearly understood to be a new type of investment. He had originally intended to exchange positions within his existing SIMPLE IRA and requests the funds to be returned to his SIMPLE IRA.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rebecca Gaylor (Gaylor), currently associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gaylor 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 $30,000.00 on March 07, 2025.

Trustee alleged breach of fiduciary duty,  unsuitable recommendation, and misrepresentation of investment regarding an oil and gas limited partnership purchased over ten years ago.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Weldon (Weldon), currently associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Weldon 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 $500,000.01 on March 10, 2025.

Alleges representative of record utilized an unsuitable investment strategy and recommendations, resulting in losses. Alleges that there was a failure to adequately supervise the representative by the broker dealers involved.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Kirwan (Kirwan), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kirwan 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, 2025.

The clients complain that the Financial advisor did not explain the fees and commissions that would be associated with newly opened accounts. (5/13/2025-3/7/2025)

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

FINRA BrokerCheck shows a pending customer complaint on March 14, 2025.

Client alleges that in March 2024, her representative changed her account settings by changed her dividends and capital gains from cash to reinvest without her permission.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christian Talavera (Talavera), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Talavera 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 $20,000.00 on March 13, 2025.

Customer alleges FA failed to follow instructions in February 2025.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Drew Weinberger (Weinberger), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Weinberger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on March 15, 2025.

Client alleges failure to follow instructions in January 2025.

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

FINRA BrokerCheck shows a pending customer complaint on March 14, 2025.

The company is currently investigating this matter and will file an amendment to disclose the outcome.

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

FINRA BrokerCheck shows a pending customer complaint on March 14, 2025.

The customers allege that in 2019, the Registered Representative recommended and misrepresented unsuitable, high-risk, speculative and illiquid investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Aaron Davis (Davis), currently associated with Edward Jones, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Davis 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 $30,000,000.00 on March 17, 2025.

Claimant alleges concentrated positions in Retractable Technologies Inc. were mishandled relative to margin.

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