Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rita Mansour (Mansour), currently associated with Mcdonald Partners LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Mansour 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 $100,000.00 on April 03, 2024.

Claimant alleges that RR did not diversify his account, recommended unsuitable investments, and did not accurately disclose information regarding recommended investments.

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

FINRA BrokerCheck shows a settled customer complaint on April 11, 2024.

Upon review of the customer’s variable annuity activity related to a partial surrender in February 2023 to fund a fixed annuity as well as a full surrender in July 2023 to fund a separate fixed annuity, the Firm determined that the fixed annuity policies were not properly authorized by the client. The customer executed a settlement agreement that the Firm provided to her after its review of the transactions.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Aaron Murray (Murray), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Murray 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 $7,741.00 on April 09, 2024.

Customer alleges poor advice. Activity dates 8.31.23 – 8.31.23.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lorraine Gallette (Gallette), previously associated with Moloney Securities Co., INC., has at least 6 disclosable events. These events include 6 customer complaints, alleging that Gallette 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, 2024.

The claimant alleges unsuitable investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joshua Cox (Cox), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cox 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 $80,000.00 on April 11, 2024.

Customer alleges unsuitable investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tina Haines  Anglin (Haines  Anglin), currently associated with Navy Federal Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Haines  Anglin 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 $7,290.00 on April 11, 2024.

[REDACTED] met with Advisor Tina Haines-Anglin about converting her savings bonds to a 529. [REDACTED]claims that the advisor did not discuss the tax consequences of such transaction and did not tell her to speak with her tax counsel. As a result of the transaction, [REDACTED] had a $7,290 tax liability. [REDACTED] executed a release of claims and has been reimbursed this amount by Navy Federal Investment Services.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bart Cutino (Cutino), previously associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cutino 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 $230,000.00 on April 14, 2024.

This customer dispute/claim is a ‘products’ case wherein CLAIMANTS allege that RESPONDENT [Centaurus Financial] did not conduct reasonable due diligence on an investment that they approved for their advisors & clients to purchase.\, The claimants’ original investment was made in April 2019 and the investment company filed for chapter 11 bankruptcy in 2022. Their claim of ‘unsuitability’ is being made in arrears due to the investment company’s recent financial challenges, which were non-existent & therefore unknowable at the time of their investment.

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

FINRA BrokerCheck shows a settled customer complaint on April 10, 2024.

Trustee for the Trust alleged that the Advisor recommended unsuitable long-term government agency debt securities for the Trust’s account.

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

FINRA BrokerCheck shows a settled customer complaint on April 13, 2024.

Client alleged the Velocis III fund purchased in May 2020 was not appropriate for him.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Karl Klingmann Ii (Klingmann Ii), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Klingmann Ii 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, 2024.

Claimant alleges that their investments in conservation easements resulted in tax liabilities.

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