Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Pierce (Pierce), previously associated with Kalos Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pierce 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 $718,000.00 on December 07, 2020.

Breach of fidciary duty, suitability, overconcentration in alternative investments, failure to supervise.

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

FINRA BrokerCheck shows a settled customer complaint on December 03, 2020.

The customer alleges unsuitable investment recommendations and misrepresentations from October 2019 until March 2020.

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $600,000.00 on December 07, 2020.

Lunin-Pack was a subject of the customers’ complaint against his member firm that asserted the following causes of action: unsuitability; breach of fiduciary duty; negligence; negligent misrepresentation; intentional misrepresentation; negligent supervision, hiring and retention; and breach of contract.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bruce Horek (Horek), previously associated with State Farm Vp Management Corp., has at least one disclosable event. These events include one customer complaint, alleging that Horek 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 $7,500.00 on December 08, 2020.

The customer has expressed concern over the handling of a transaction that was requested on 9/10/2020 and was not completed until 9/22/2020. He states there was a approx $7,500 loss that he wants corrected.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Margolin (Margolin), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Margolin 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 December 07, 2020.

Claimant asserts claims for fraud, breach of fiduciary duty, negligence, gross negligence and breach of contract in connection with allegedly unsuitable investments in annuities and ETFs. From 4/1/2014 to 9/30/2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Ente (Ente), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ente 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 $500,000.00 on December 08, 2020.

Omission/misrepresentation in connection with hold recommendation of Puerto Rico Bonds.

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

FINRA BrokerCheck shows a settled customer complaint on December 07, 2020.

Erroneous disclosure of commissions and fees amount in 2014 & 2015.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Sandberg (Sandberg), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Sandberg 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 December 07, 2020.

Claimant asserts claims for fraud, breach of fiduciary duty, negligence, gross negligence and breach of contract in connection with allegedly unsuitable investments in annuities and ETFs. From 4/1/2014 to 9/30/2020

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $600,000.00 on December 07, 2020.

Ferro was a subject of the customers’ complaint against his member firm that asserted the following causes of action: unsuitability; breach of fiduciary duty; negligence; negligent misrepresentation; intentional misrepresentation; negligent supervision, hiring and retention; and breach of contract.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Summers (Summers), previously associated with Lasalle St Securities, L.l.c., has at least one disclosable event. These events include one customer complaint, alleging that Summers recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on December 04, 2020.

Claimant alleges that around 2009, Financial Advisor recommended unsuitable investments in an E*TRADE accounts.

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