Reg BI

Broker Ryan Clayton in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Clayton (Clayton), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one tax lien, alleging that Clayton recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

Respondent Clayton failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Stephen Marotto in Firm Morgan Stanley

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Marotto (Marotto), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Marotto 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 $550,049.00 on December 12, 2024.

CUSTOMERS ALLEGES MISREPRESENTATION, UNAUTHORIZED TRADING AND SUITABILITY. ACTIVITY DATES 1-1-2019 – 6-9-2023.

There are Recent Customer Complaints with Broker Robert Melberth in Firm Emerson Equity LLC

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Melberth (Melberth), previously associated with Emerson Equity LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Melberth recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on October 24, 2024.

Time frame: 01/2018 – 02/2020. Claimant alleges breach of fiduciary duty; unsuitable investment recommendation, and negligence.

Broker Leroy Born in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

March 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on October 23, 2024.

Customer complained that recommendation to reposition portfolio resulted in unsuitable risk exposure and lack of sufficient diversification. (9/17/2024 – 10/23/2024)

Broker Kenneth New in Arete Wealth Management, LLC Firm Has Customer Complaint

March 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 18, 2024.

Clients allege sale of unsuitable investments.

There are Recent Customer Complaints with Broker Cory Schmelzer in Firm Osaic Wealth, Inc.

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cory Schmelzer (Schmelzer), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Schmelzer 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 $42,151.00 on November 26, 2024.

Customer alleges that discretionary trades made in her portfolio by the financial professional were not in her best interest.

Broker Robert Regan in Nfp Advisor Services, LLC Firm Has Customer Complaint

March 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 10, 2025.

Claimants allege an unsuitable recommendation for the purchase of a security.

Broker Juan Elwaw in Morgan Stanley Firm Has Customer Complaint

March 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 10, 2025.

Claim made by Estate of deceased client alleges, inter alia, unauthorized trading with respect to equity investments – August 2014 through November 2015

There are Recent Customer Complaints with Broker Philip Masi in Firm LPL Financial LLC

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philip Masi (Masi), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Masi 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 December 30, 2024.

CLAIMANT ALLEGES THE RR RECOMMENDED AN UNSUITABLE OIL & GAS INVESTMENT

There are Recent Customer Complaints with Broker Michael Clementi in Firm B. Riley Wealth Management

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Clementi (Clementi), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Clementi 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 $152,235.00 on January 02, 2025.

Claimant allegse investment in PLBY was not suitable.