Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juliann Smith (Smith), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $66,900.00 on May 06, 2024.

Suitability/negligence. 2017-2024

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Hoover (Hoover), previously associated with Wealth Enhancement Brokerage Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hoover 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 $649,000.00 on May 06, 2024.

Client alleges various causes of action due to losses related to trading of options in her investment advisory account from 2021-2022.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Sherry (Sherry), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sherry 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 $44,016.00 on May 03, 2024.

Customer claims RR did not monitor account performance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Savoie (Savoie), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Savoie 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 $15,000.00 on May 06, 2024.

Claimant alleges that the Representative recommended an unsuitable investment strategy that included a risky and complex insurance product. Claimant further alleges that features of the product were misrepresented by the Representative.

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

FINRA BrokerCheck shows a settled customer complaint on May 08, 2024.

The customer alleges the Variable Life Insurance policy and the Variable Annuity policy she purchased between November 2015 and April 2019 were not appropriate in consideration of her retirement needs and have underperformed as investments. The customer, now a claimant, has filed an arbitration asserting claims regarding six contracts that she purchased, including one variable life insurance policy and one variable annuity. She alleges that she was misled during the sales process and that the products were unsuitable given her financial goals and objectives. Claimant is seeking compensatory damages between $100,000.01 and $500,000.00, plus punitive damages, attorney’s fees and costs.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Colin Kelty (Kelty), previously associated with Cetera Investment Services LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kelty 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 $1,567,400.00 on May 15, 2024.

Claimant alleges unsuitable investment recommendations that resulted in losses.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Cappuccio (Cappuccio), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Cappuccio 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 $2,700,000.00 on May 09, 2024.

While working at Quantum and Co., clients allege that the solicitation of accounts were improper by allegedly misrepresenting material facts and omissions related to the purchase of unregistered pre-Initial Public Offering securities. This matter is a pending civil litigation.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Caz Craffy (Craffy), previously associated with Monmouth Capital Management LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Craffy 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 May 09, 2024.

Breach of fiduciary duty, negligence, failure to supervise and violation of common law fraud.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Less (Less), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Less 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 $254,048.00 on May 13, 2024.

Complaint alleges that the advisor approved transactions that were not authorized by the POA agreement on file.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Gentiluomo (Gentiluomo), currently associated with Equity Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gentiluomo 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 $200,000.00 on May 14, 2024.

Customer alleges Blue Sky, Breach of Fiduciary Duty, Constructive Fraud, and Common Law Conspiracy regarding investments in two LLCs

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