Reg BI

Broker John Davis in Raymond James Financial Services, Inc. Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 06, 2024.

Respondent Davis failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker George Conner in Potomac Capital Markets, LLC Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 02, 2024.

On December 31, 2023, Respondents failed to renew its registration but continued to act as an investment adviser and investment adviser representative, collecting advisory management fees during the unregistered periods. Prior to December 31, 2023, around August 16, 2023, the TSSB conducted an inspection of Respondents’ business and also identified multiple books and records deficiencies. Following the inspection, this matter was referred to the TSSB’s Legal Division around January 2024 and the Legal Division made multiple attempts to get in contact with the Respondents. As a result of being unable to contact the Respondents while the Respondents continued to act as an investment adviser and investment adviser representative while being unregistered, the TSSB filed a case with SOAH requesting relief that the Respondents cease and desist. At the hearing, Respondents failed to appear and the TSSB moved for a default dismissal deeming the factual allegations detailed in the notice of hearing are admitted, which was granted on July 17, 2024.\<char_lb_r>\, \<char_lb_r>\, Pursuant to \\u00a7155.501(d)(1) of the SOAH Rules of Procedure, the matters set forth and alleged by Counsel in the Notice are deemed admitted as true with respect to the Respondents. Pursuant to \\u00a7155.501(d)(1) of the SOAH Rules of Procedure and Section 4007.102 of the Texas Securities Act, the relief requested in the Notice with respect to the Respondents is granted. \<char_lb_r>\, \<char_lb_r>\, It is therefore ORDERED that the Conner Management Group, LLC and George Mathis Conner CEASE AND DESIST from acting as an investment adviser and investment adviser representative, respectively, in the State of Texas without first satisfying the registration requirements of the Texas Securities Act and Board\<char_lb_r>\, Rules.

There are Recent Customer Complaints with Broker Marat Likhtenstein in Firm Osaic Wealth, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marat Likhtenstein (Likhtenstein), previously associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Likhtenstein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Likhtenstein consented to the sanction and to the entry of findings that he refused to provide documents and information and to appear for on-the-record testimony requested by FINRA in connection to to its investigation of comments made on a Form U5 filing by his member firm. The findings stated that Likhtenstein was discharged because he failed to disclose personal loan transactions with a client.

There are Recent Customer Complaints with Broker Joe Zheng in Firm J.k. Financial Services, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joe Zheng (Zheng), currently associated with J.k. Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Zheng 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 $1,935,000.00 on August 02, 2024.

Claimant alleges that her advisor recommended investments were in direct conflict with her investment direction and profile, seeks damages of $1,935,000.

There are Recent Customer Complaints with Broker Markus Byrd in Firm Kestra Investment Services, LLC

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Markus Byrd (Byrd), previously associated with Kestra Investment Services, LLC, has at least 4 disclosable events. These events include 4 customer complaints, alleging that Byrd 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 August 02, 2024.

Claimant alleges Byrd misrepresented the investment and made unsuitable recommendations.

Broker Jeffrey Lieberman in Morgan Stanley Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Lieberman (Lieberman), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Lieberman 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 $2,000,000.00 on August 05, 2024.

Claimant alleged, inter alia, misrepresentation with respect failure to disclose the risks and cost associated with Liquidity Access Line – June 2009 to August 2023

Broker Eric Overvig in Feltl & Company Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Overvig (Overvig), currently associated with Feltl & Company, has at least one disclosable event. These events include one customer complaint, alleging that Overvig 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 $64,712.00 on August 02, 2024.

Client deceased (1/15/2024), complainant is [REDACTED] who is personal representative on his estate and was former guardian on IRA account (as of 3/27/2023). Complainant alleges unsuitable investments and breach of fiduciary duty. Client transferred into firm, following RR’s transition to the firm, in June 2019. Client bought a position in June 2000 and three additional positions in December 2000. The remaining transactions were unsolicited sales to generate funds for distributions either by the client or the complainant/guardian. The dates involved in the allegations would be June 2019 to January 2024. The actual net losses on the account given the market value of the account received in June 2019, less distributions either to the client, or for taxes, was approximately $4500.

There are Recent Customer Complaints with Broker Ellen Harless in Firm Stifel, Nicolaus & Company, Incorporated

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ellen Harless (Harless), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Harless 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 $750,000.00 on August 06, 2024.

Claimant alleges breach of fiduciary duty, civil conspiracy, negligence and unjust enrichment.

There are Recent Customer Complaints with Broker Kim Kunz in Firm Westpark Capital, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kim Kunz (Kunz), previously associated with Westpark Capital, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Kunz recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Kunz consented to the sanctions and to the entry of findings that he willfully violated Rule 15/-1(a)(I) of the Exchange Act (Reg Bl) by recommending that two retail customers invest in a speculative, unrated debt security. The findings stated that the bonds that Kunz recommended to the customers were considered speculative, involved a high degree of risk, were illiquid, and were only suitable for persons with substantial financial resources and with no need for liquidity. Both customers had a stated moderate risk tolerance with an investment object of income and neither included speculation.

Broker Daniel Hoeflinger in Goldman Sachs & Co. LLC Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Hoeflinger (Hoeflinger), previously associated with Goldman Sachs & Co. LLC, has at least one disclosable event. These events include one regulatory event, alleging that Hoeflinger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 08, 2024.

Daniel Hoeflinger was named a respondent in a FINRA complaint alleging that he failed to provide information and documents requested by FINRA in connection with its investigation of allegations made by his member firm on Hoeflinger’s Form U5. The complaint alleges that Hoeflinger’s firm discharged him for integrity concerns that he had provided false information, including documentation, in connection with a paid leave of absence.