Reg BI

There are Recent Customer Complaints with Broker Matthew Brandt in Firm Ameriprise Financial Services, LLC

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Brandt (Brandt), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brandt 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 $7,000.00 on April 08, 2025.

Client frustrated that the market keeps dropping and their advisor keeps recommending that they hold their investments and not sell to avoid taxable gains.

Broker Blake Mccoy in U.S. Bancorp Investments, INC. Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Blake Mccoy (Mccoy), currently associated with U.S. Bancorp Investments, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mccoy 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 $25,000.00 on April 07, 2025.

Customer alleges the representative’s strategy lost him $20,000.00 so far.

Broker Gareth Caluducan in W & s Brokerage Services, INC. Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gareth Caluducan (Caluducan), currently associated with W & s Brokerage Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Caluducan 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 $54,354.00 on April 07, 2025.

In the Spring of 2024, customers met with representative Gary Caluducan to discuss their financial needs and goals. At the meeting Mr. Caluducan presented an opportunity to have the customers funds managed by Fort Washington Investment Advisors as part of the firm’s advisory program. Gary outlined the advantages and disadvantages , including the fees involved, with the transfer of funds from mutual funds to an advisory account, but he failed to consider the tax implications involved with selling mutual funds and transferring the assets to an advisory account. The customers discovered the tax issue when they filed their 2024 taxes and indicated that they would not have agreed to move the assets to the advisory account if they knew the tax implications involved.

Broker Barrett Jackson in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 07, 2025.

Customer alleges misrepresentation on rate of return on investments between September 2024 and April 2025.

There are Recent Customer Complaints with Broker Richard Wick in Firm Northwestern Mutual Investment Services, LLC

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wick (Wick), previously associated with Northwestern Mutual Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wick 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 April 07, 2025.

Customer alleges that in or around May 2024 he agreed to purchase one non-variable life insurance policy and was misled by the Representative to believe that additional funds were going toward two different investments the Representative presented to the customer. Customer alleges that two additional life insurance policies were established instead, without the customer’s knowledge and consent. Customer believes that the Representative presented fabricated graphs, charts, and information showing accounts performing at certain growth rates.

There are Recent Customer Complaints with Broker Raymond Brown in Firm Northwestern Mutual Investment Services, LLC

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Brown (Brown), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brown 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 April 04, 2025.

Customers allege that in or around July 2023, the Representative recommended they exchange non-variable life insurance policies for variable universal life insurance policies and that they would be able to access the full cash value of the variable policies immediately.

Broker Erik Nelson in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 06, 2025.

The client complains their funds were not invested according to their objectives and claims they did not understand the possibility of market fluctuation. The client demands to be made whole. (1/27/2025-4/6/2025)

Broker Stanley Patrick in LPL Financial LLC Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stanley Patrick (Patrick), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Patrick 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 $35,000.00 on April 05, 2025.

Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.

There are Recent Customer Complaints with Broker Christopher Hoffman in Firm Edward Jones

May 15, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 08, 2025.

Client alleges he instructed the Financial Advisor to liquidate his assets on April 3, 2025, and they were not sold until April 7, 2025.

Broker Jack Reich in Equitable Advisors, LLC Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jack Reich (Reich), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Reich 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 $5,000.00 on April 07, 2025.

Client alleges the RR made misrepresentations in connection with variable annuities purchased in 2019 and 2020.