Reg BI

Broker Stephen Cervieri in Wavecrest Securities LLC Firm Has Customer Complaint

February 15, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 28, 2021.

The Claimant engaged Mr. Cevieri in 2013 to perform a capital raise for the business that was an “outside business activity”. Mr. Cervieri was unsuccessful in raising capital for the company so the claimant is alleging fraud and misrepresentation.

Broker Jeffrey Warren in Oppenheimer & CO. INC. Firm Has Customer Complaint

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Warren (Warren), previously associated with Oppenheimer & CO. INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Warren recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on May 28, 2021.

Without admitting or denying the findings, Warren consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into a gift that he received from a former customer of his member firm. The findings stated that this matter arose out of a complaint from a beneficiary of the deceased customer regarding the gift the customer provided to Warren prior to the customer’s death.

There are Recent Customer Complaints with Broker Michael Cooney in Firm Blue Sand Securities LLC

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Cooney (Cooney), currently associated with Blue Sand Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cooney 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 $100,000.01 on May 24, 2021.

When your financial advisor is providing advice they must adhere to the SEC’s Regulation Best Interest (Reg BI) rule and standard of care. Reg BI replaced the former “suitability” rule and created a ‘best interest’ standard for brokerage firms and registered representatives. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts.

There are Recent Customer Complaints with Broker Robert Binkele in Firm Ashton Stewart & Co., INC.

February 15, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 01, 2021.

In 2017, the customer sold real property that had appreciated in value. In order to defer paying the capital gains tax that would otherwise have been due upon that sale, the customer entered into an arrangement called a DST, or deferred sales trust, that resulted in the proceeds of the sale being placed in a trust. The trust then signed a promissory note agreeing to pay the customer the amount of the sale, plus interest. The customer now alleges that her decision to utilize the DST was the result of fraudulent representations and negligence, among other things.

There are Recent Customer Complaints with Broker Bradley Mascho in Firm Western International Securities, INC.

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bradley Mascho (Mascho), previously associated with Western International Securities, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Mascho 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 $125,000.00 on June 01, 2021.

Unsuitability

Broker Susan Welo in Cetera Advisor Networks LLC Firm Has Customer Complaint

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Susan Welo (Welo), previously associated with Cetera Advisor Networks LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Welo 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 May 24, 2021.

Customer alleges that alternative investment and penny stock purchases were unsuitable.

There are Recent Customer Complaints with Broker Arthur Randall Iii in Firm UBS Financial Services INC.

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arthur Randall Iii (Randall Iii), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Randall Iii 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 $60,433.00 on May 27, 2021.

Time Frame: June 2, 2020\, \, What were the allegations against the individual? \, The client alleges his Financial Advisor failed to follow his instructions and sold his shares instead of transferring them to another account. .

There are Recent Customer Complaints with Broker William Mauro in Firm Cambridge Investment Research, INC.

February 15, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 26, 2021.

Customer alleged that certain attributes of the annuity contract purchased were not explained and was given poor advice to take Required Minimum Distributions from the contract which impacted the income benefit rider.

Broker Keith Simmons in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Keith Simmons (Simmons), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Simmons 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 $8,000,000.00 on May 29, 2021.

The customer alleges unsuitable investment recommendations.

There are Recent Customer Complaints with Broker Mary Twiddy in Firm Edward Jones

February 14, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 02, 2021.

Client alleges she deposited funds into her account with the intent that her Financial Advisor would invest them and later learned they were not invested as instructed.