Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeff Webb (Webb), currently associated with Emerson Equity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Webb 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 $200,000.00 on March 18, 2025.

Breach of fiduciary duty; negligence; suitability; misrepresentations and omissions of material fact under Colorado Securities Act; negligent misrepresentation; misrepresentation; omission; 2022

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Getty (Getty), currently associated with Emerson Equity LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Getty 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 $435,068.09 on March 19, 2025.

Breach of fiduciary obligations/duties; breach of contract; negligence/professional negligence; violation of regulation BI; violations of Nevada Securities Act; Violations of Nevada laws protecting older or vulnerable persons from abuse, neglect or exploitation; violations of the Nevada deceptive trade practices act; violations federal rules and regulations; general equitable principals that apply in arbitration. Trades done in 2019,2020 and 2021. Allegations against representative Getty would be for suitability. Getty is not a respondent in this matter.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Oliver Evan (Evan), currently associated with Pnc Investments, has at least one disclosable event. These events include one customer complaint, alleging that Evan 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 $47,458.02 on March 18, 2025.

Client alleges Registered Representative’s recommendation was not in-line with his income objective.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Valdivia (Valdivia), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Valdivia 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 $95,398.72 on March 17, 2025.

Customer alleges that the managed account was unsuitable for his investment needed.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rebecca Kilgore (Kilgore), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Kilgore 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 $175,000.00 on March 18, 2025.

Client alleges FA/ex-wife stole $175,000 from him.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Stewart (Stewart), currently associated with Wells Fargo Advisors Financial Network, LLC, has at least one disclosable event. These events include one customer complaint, 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 on March 18, 2025.

Arbitration: Claimants allege that in 2016, the FA switched their accounts to an unsuitable fee-based account and mislead them regarding the advisory fees associated with the account.\, Complaint: Client claims charging commissions, rather than management fees, would have been more appropriate and therefore seeks reimbursement for the fees. (11/17/2017-10/1/2024)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shirley Wong (Wong), currently associated with Emerson Equity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wong 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 $250,000.00 on March 17, 2025.

Compensatory damages; breach of written contract pursuant to customer agreements; breach of fiduciary duty; negligence and gross negligence; misrepresentations and omissions; violation of FINRA rules; violation of federal securities laws; violation of the California Securities Act and violation of Best Interest Obligations (Reg BI)

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

FINRA BrokerCheck shows a settled customer complaint on March 17, 2025.

Client verbally complained the recommendation to purchase US Treasury strips was not suitable and requests compensation for the loss he incurred upon sale of the securities. (8/22/2024-3/17/2025)

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Muschinske (Muschinske), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Muschinske 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 $10,000.00 on March 18, 2025.

Clients allege paying fees into the Guided Solutions program since 2020, despite this account type not being suitable for their needs. Clients further allege the financial advisor did not make them aware that they were able to opt out of a fee-based program.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lipschutz (Lipschutz), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Lipschutz 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 $546,000.00 on March 19, 2025.

Time frame: 2024\, Claimant’s counsel alleges that retired UBS advisor Mr. Lipschutz improperly invested all of their assets on a highly speculative trading platform that was outside of and not authorized by UBS, which resulted in heavy losses

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