Reg BI

Broker Stephen Vanesko in Nylife Securities LLC Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 07, 2023.

Customer alleges the Variable Annuity policy he purchased in May 2023 has a long holding period that does not provide liquidity. He further alleges that this product does not take into consideration his age or his limited knowledge of the product.

There are Recent Customer Complaints with Broker Joseph Foldhazy in Firm David Lerner Associates, INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Foldhazy (Foldhazy), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Foldhazy 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 $48,000.00 on November 06, 2023.

Unsuitability

There are Recent Customer Complaints with Broker Nancy Zak in Firm Arque Capital, Ltd.

July 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $1,000,000.00 on November 02, 2023.

Claimants allege representative and the firm took advantage of them in order to enrich themselves by recommending they invest in an offering they claim to be fraudulent.

There are Recent Customer Complaints with Broker Michael Orlowski in Firm Commerce One Financial INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Orlowski (Orlowski), currently associated with Commerce One Financial INC., has at least one disclosable event. These events include one customer complaint, alleging that Orlowski 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 $32,000.00 on November 07, 2023.

Mishandling of account from July 2017-October 2018

There are Recent Customer Complaints with Broker John Kiblin in Firm Thrivent Investment Management INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kiblin (Kiblin), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Kiblin 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 $28,554.44 on November 06, 2023.

Customer alleged RR misrepresented the guaranteed earnings and surrender penalty for the Variable Annuity issued in July 2021.

Broker Marc Hallick in Raymond James & Associates, INC. Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Hallick (Hallick), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hallick 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 $6,500,000.00 on November 02, 2023.

Claimants allege FA deployed an unsuitable investment strategy involving short selling concentrated positions on margin and failed to explain the material facts and risks of the strategy.

Broker Scott Matalon in RBC Capital Markets, LLC Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Matalon (Matalon), previously associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Matalon 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 $1,500,000.00 on November 06, 2023.

Claimants contend that their financial advisor made unsuitable investment recommendations from August 2019 to July 2021.

There are Recent Customer Complaints with Broker Russell Stola in Firm LPL Financial LLC

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Russell Stola (Stola), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stola 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 $36,000.00 on November 02, 2023.

Claimant alleges that during the time period 2012-2022, representative made unsuitable investment recommendations.

There are Recent Customer Complaints with Broker Brian Stern in Firm Osaic Wealth, INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Stern (Stern), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Stern 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 $845,000.00 on November 03, 2023.

Per Transamerica Financial Advisors, Inc.’s U5 Filing, client’s estate alleges that rep advised client to surrender her husband’s annuity after his death and subsequently sold her products that were unsuitable for her.

There are Recent Customer Complaints with Broker Mark Erwin in Firm Commonwealth Financial Network

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Erwin (Erwin), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Erwin 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 $144,448.24 on November 01, 2023.

Client alleges that RR allowed her husband to make distributions from her account despite fact that RR personally spoke with client on almost all occasions related to the transactions and the client herself was emailed copies of the required forms.