Reg BI

Broker Robert Stahler in Avantax Investment Services, INC. Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 23, 2024.

Customer alleged the timing of their 2021 Roth IRA conversion led to a lost opportunity of market growth.

Broker Lawrence Teichman in Ameriprise Financial Services, LLC Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Teichman (Teichman), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Teichman 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 $110,000.00 on April 19, 2024.

Customers allege that during the time period 2017-2021, representative’s recommendations to purchase and hold a REIT were unsuitable.

There are Recent Customer Complaints with Broker Forrest Wester in Firm Wells Fargo Clearing Services, LLC

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Forrest Wester (Wester), previously associated with Wells Fargo Clearing Services, LLC, has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Wester recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 22, 2024.

Customer complained for fee reimbursement because their financial advisor took advantage of a long term relationship, violated his trust, made investments that were not in his best interest, and investments not managed properly. (4/25/2005 – 11/7/2023)

There are Recent Customer Complaints with Broker Richard Laspaluto in Firm Centaurus Financial, INC.

May 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 23, 2024.

The customer alleges that the Registered Representative made unsuitable recommendations, account mismanagement and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

There are Recent Customer Complaints with Broker Stevan Paton in Firm Raymond James & Associates, INC.

May 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 19, 2024.

Customer alleged that advisory fees charged in the accounts were not justified during periods when there were no transactions in the accounts. (1/1/2020-12/31/2022)

There are Recent Customer Complaints with Broker Scott Phillips in Firm Centaurus Financial, INC.

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Phillips (Phillips), currently associated with Centaurus Financial, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Phillips 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 $68,000.00 on April 22, 2024.

The customer alleges that in May 2019, the Registered Representative recommended an unsuitable, high-risk, investment and breached his fiduciary duty.

There are Recent Customer Complaints with Broker James Norris in Firm Robert W. Baird & CO. Incorporated

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Norris (Norris), currently associated with Robert W. Baird & CO. Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Norris 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 $222,320.00 on April 23, 2024.

Client Alleges the Financial Advisor failed to follow his instructions.

Broker Brandon Rudolph in Wealthforge Securities, LLC Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brandon Rudolph (Rudolph), previously associated with Wealthforge Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rudolph 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 24, 2024.

Purchase of unsuitable promissory note

There are Recent Customer Complaints with Broker Tyler Rigsbee in Firm Wells Fargo Clearing Services, LLC

May 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 24, 2024.

Customer verbally complained that the financial advisor forged distribution requests and stole funds from her IRA and non-IRA accounts. (12/13/2018-4/7/2021)

Broker Paul Tunink in Ameritas Investment Company, LLC Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Tunink (Tunink), currently associated with Ameritas Investment Company, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tunink 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 $90,000.00 on April 25, 2024.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. 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. Reg BI is drawn from fiduciary principles that include an obligation to act in the retail investor’s best interest and the broker is prohibited from placing their own interests ahead of the investor’s interest.