Reg BI

Broker David Bittermann in Oppenheimer & CO. INC. Firm Has Customer Complaint

May 10, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 20, 2020.

Client alleges investments were not fully explained and were unsuitable between November 2012 and March 2020

There are Recent Customer Complaints with Broker David Waters in Firm Cetera Advisors LLC

May 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Waters (Waters), currently associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Waters 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 $10,000.00 on April 21, 2020.

Misrepresentation and unauthorized trades which resulted in a decline of the portfolio value.

There are Recent Customer Complaints with Broker Gregory Aest in Firm Ameriprise Financial Services, INC.

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Aest (Aest), previously associated with Ameriprise Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Aest 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 $200,000.00 on April 29, 2020.

Unsuitable recommendations, failure to supervise and failure to conduct proper due diligence.

There are Recent Customer Complaints with Broker Vicente Del Rio in Firm UBS Financial Services INC.

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vicente Del Rio (Del Rio), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Del Rio 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 $1,000,000.00 on April 28, 2020.

Former client claims that from August 2016 to September 2017 registered representatives made unsuitable recommendations in connection with his trust account. Client filed a Florida state court action that was dismissed with prejudice. Client has now filed a similar FINRA arbitration.

There are Recent Customer Complaints with Broker Peter Hickman in Firm Bankers Life Securities, INC.

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Hickman (Hickman), currently associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hickman 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 $16,295.00 on April 28, 2020.

In a verbal complaint received by Bankers Life Securities, Inc. (BLS) on April 29, 2020, complainant alleged that her financial representative failed to properly honor her request to transfer funds within her Jackson National Variable Annuity sub account to a money market fund. Rather than transferring existing funds, the financial representative instead applied the change only to future allocations. Neither the financial representative nor the complainant realized the error until complainant received her quarterly statement where she noticed her account had decreased in the amount of $16,295.76. The financial representative corrected the allocation and BLS settled the matter with the complainant based on the specific instructions received from the client that were not implemented directly resulting in financial loss to the complainant.

There are Recent Customer Complaints with Broker Nathaniel Donohue in Firm Northwestern Mutual Investment Services, LLC

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nathaniel Donohue (Donohue), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Donohue 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 $40,000.00 on April 30, 2020.

A client alleged he told the representative that he wanted a conservative, low-risk vehicle to invest some of his money. The client further alleged the representative indicated the client could receive a small return with no risk in a 6 month short term bond. The client invested and lost $40,000 of his investment due to market fluctuation and is requesting to recoup losses as he expected his money to be in a conservative, low interest vehicle.

Broker James Watson in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Watson (Watson), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Watson 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 $450,000.00 on April 28, 2020.

Claimant purchased FS Energy & Power Fund and FS Investment Corporation III in November 2015. Claimant filed a written complaint with Respondent on February 3, 2020 alleging the investments were unsuitable. The complaint subsequently resulted in the referenced Arbitration filed with allegations of Breach of Fiduciary Duty; Violations of FINRA Rules, Breach of Contract and Negligence; and, Negligent Supervision.

Broker Jason Loiterstein in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Loiterstein (Loiterstein), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Loiterstein 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 $570,000.00 on April 27, 2020.

The customer alleges misrepresentations in August 2015.

Broker Elizabeth Rahn in J.P. Morgan Securities LLC Firm Has Customer Complaint

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Elizabeth Rahn (Rahn), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rahn 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 $15,863.00 on April 25, 2020.

Client alleges misrepresentation and suitability regarding managed account investment. Activity dates 04/17/2020-04/21/2020.

There are Recent Customer Complaints with Broker Mark Peterson in Firm Thrivent Investment Management INC.

May 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Peterson (Peterson), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Peterson 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 $300,000.00 on April 25, 2020.

Customers (husband and wife) allege RR Peterson failed to consider certain government offsets when preparing their financial plan in 2014. Such alleged failure purportedly caused losses to the customers’ net worth. Customers allege in doing so, RR Peterson allegedly breached certain fiduciary duties, and contractual and regulatory obligations. RR Peterson intends to vigorously contend the allegations.