Reg BI

Broker Jacque Kuchta in UBS Financial Services INC. Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jacque Kuchta (Kuchta), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Kuchta 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.

Time Frame: March 26th, 2021 to January 13th, 2025\, \, What were the allegations against the individual? The client alleges that her Financial Advisor placed her in an unsuitable portfolio based on her financial needs, goals and risk tolerance. The client further alleges her Financial Advisor did not uphold his fiduciary duty and did not act in her best interest.

Broker Brent Pine in Cetera Advisor Networks LLC Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brent Pine (Pine), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pine 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 April 11, 2025.

Claimant alleges that Mr. Pine made negligent and improper recommendations of investment products that were not suitable to the clients desire to preserve principal and avoid unnecessary risk. Claimant also alleges that fair and balanced disclosures were not made regarding the high-risk nature of the investment products recommended.

There are Recent Customer Complaints with Broker Jason Hooz in Firm Nylife Securities LLC

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Hooz (Hooz), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hooz 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 $12,000.00 on April 10, 2025.

The customer alleges he was misled when he asked for the reallocation of his funds in his VA to the money market but was instead transferred to a new variable annuity in April 2025, where he incurred a $12,000.00 loss.

Broker Kenneth Shotsberger in Equitable Advisors, LLC Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Shotsberger (Shotsberger), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shotsberger 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 24, 2025.

Client alleges RR Shotsberger made misrepresentations in connection with the replacement of a variable life insurance policy in 2019.

There are Recent Customer Complaints with Broker Benjamin Labadie in Firm J.P. Morgan Securities LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Labadie (Labadie), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Labadie 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 $11,000.00 on April 22, 2025.

Customer alleges poor recommendation regarding managed account. Activity dates 11/20/24 – 11/20/24.

There are Recent Customer Complaints with Broker Mikhail Leyon in Firm MML Investors Services, LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mikhail Leyon (Leyon), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Leyon 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 $26,000.00 on April 24, 2025.

The complainant states that the rep moved the proceeds from his treasury bonds into the market despite him telling the producer that he didn’t want to incur any risk. States that he has been financially harmed because of this.

Broker David Curry in Arkadios Capital Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Curry (Curry), currently associated with Arkadios Capital, has at least one disclosable event. These events include one customer complaint, alleging that Curry 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 21, 2025.

Claim Allegation is unsuitable

Broker Eric Kleiner in Morgan Stanley Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kleiner (Kleiner), previously associated with Morgan Stanley, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Kleiner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on April 25, 2025.

Claimant alleged, inter alia, FA recommended outside investment strategy not authorized by the firm – Nov 2020 to March 2025

There are Recent Customer Complaints with Broker Hagop Nalbandian in Firm Vanderbilt Securities, LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hagop Nalbandian (Nalbandian), currently associated with Vanderbilt Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nalbandian 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 $2,500,000.00 on April 28, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

There are Recent Customer Complaints with Broker Raymond Chow in Firm Wedbush Securities INC.

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Chow (Chow), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Chow 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 $489,825.00 on April 22, 2025.

Per a signed agreement, Client’s account has been managed by a 3rd Party Money Manager since 2017. Client’s specific complaint is @ hedging technique employed by manager initiated in November, 2023 and again in March, 2024. Final hedge position closed in November 2024.