Reg BI

There are Recent Customer Complaints with Broker Rong Zhang in Firm HSBC Securities (usa) INC.

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rong Zhang (Zhang), currently associated with HSBC Securities (usa) INC., has at least one disclosable event. These events include one customer complaint, alleging that Zhang 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 April 29, 2025.

Client alleges RR did not disclose that the bonds they purchased had multiple call dates at point of sale in April of 2024.

Broker Matthew Mcfarland in Fnex Capital, LLC Firm Has Customer Complaint

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Mcfarland (Mcfarland), currently associated with Fnex Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mcfarland 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 $570,000.00 on May 20, 2025.

From investment activity in January and February 2020, claimants allege the following: negligence, misrepresentation, omission, breach of contract, lack of suitability, breach of fiduciary duty, elder abuse

There are Recent Customer Complaints with Broker Patrick Morehead in Firm American Trust Investment Services, INC.

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Morehead (Morehead), previously associated with American Trust Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Morehead 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 $400,000.00 on May 13, 2025.

Customer alleges breach of fiduciary duty, negligence, breach of contract, violation of the California Securities Act and respondeat superior in conjunction with investments purchased by respondents.

Broker Brittani Schaefer in Arete Wealth Management, LLC Firm Has Customer Complaint

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brittani Schaefer (Schaefer), previously associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Schaefer 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 $1,000,000.00 on May 08, 2025.

Unsuitable recommendations

Broker Aniruddha Rao in LPL Enterprise, LLC Firm Has Customer Complaint

June 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 11, 2025.

Customer alleges that there was a misallocation in the investment and that certain terms were not adequately disclosed.

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

June 18, 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 $14,396.00 on April 15, 2025.

Customer alleges that the variable universal life insurance policy the Representative recommended in or around March 2024 was not suitable for the customer’s goals.

There are Recent Customer Complaints with Broker Michael Culwell in Firm Emerson Equity LLC

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Culwell (Culwell), currently associated with Emerson Equity LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Culwell 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 March 18, 2025.

Compensatory damages, breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of federal securities laws, violation of California Securities Act, violation of Best Interest Obligations (Reg BI), purchased in 2018

There are Recent Customer Complaints with Broker Mark Huber in Firm Concorde Investment Services, LLC

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Huber (Huber), currently associated with Concorde Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Huber 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 $500,000.00 on April 11, 2025.

Clients are alleging that rep failed to recommend suitable investments resulting in significant losses. Activity occurred from 2019 to 2025.

Broker Paulo De Souza in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

June 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 18, 2025.

Client alleges misrepresentation from April 2024-May 2025.

Broker Michael Minter in Lifemark Securities Corp. Firm Has Customer Complaint

June 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Minter (Minter), currently associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Minter 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 28, 2025.

Allegations pertain to investments in alternative products, intended to be a small component of a larger diversified portfolio. Investments were purchased in 05/2020 and 06/2020. Allegations include unsuitable investment, breach of contract, breach of fiduciary duty, negligence, and misrepresentation.