Reg BI

There are Recent Customer Complaints with Broker Michael Pak in Firm Citigroup Global Markets INC.

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Pak (Pak), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Pak 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 January 26, 2026.

Claimants allege unsuitability, failure to supervise, breach of fiduciary duty, negligence, and breach of contract in connection with losses suffered in March 2022.

There are Recent Customer Complaints with Broker Damian Baird in Firm Moors & Cabot, INC.

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Damian Baird (Baird), previously associated with Moors & Cabot, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Baird 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 December 29, 2025.

Client claimed they sent a check to Damian Baird. Client alleges the check was not deposited to the firm and Mr. Baird added his name as a payee to checks and deposited them in his personal bank account

There are Recent Customer Complaints with Broker Robert Ciaccio in Firm Network 1 Financial Securities INC.

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Ciaccio (Ciaccio), currently associated with Network 1 Financial Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Ciaccio 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 $7,245.04 on January 08, 2026.

Excessive fees.

Broker Daniel Becraft in Morgan Stanley Firm Has Customer Complaint

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Becraft (Becraft), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Becraft 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 February 06, 2026.

Claimant alleged FA employed unsuitable options trading strategy.

Broker William Hurckes in Ausdal Financial Partners, INC. Firm Has Customer Complaint

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Hurckes (Hurckes), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hurckes 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 $625,000.00 on January 22, 2026.

Violation of Federal Securities Laws; Violation of IL Securities Law; Violation of IL Consumer Fraud and Deceptive Business Practices Act; Breach of Contract; Common Law Fraud; Breach of Fiduciary Duty; Negligence and Gross Negligence.

There are Recent Customer Complaints with Broker John Pronovost in Firm Osaic Institutions, INC.

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pronovost (Pronovost), previously associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pronovost 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 January 26, 2026.

Customers allege financial professional made reccomendations which were unsuitable for their stated objectives.

Broker Audrey Nachor in PFS Investments INC. Firm Has Customer Complaint

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Audrey Nachor (Nachor), previously associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Nachor 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 $155,000.00 on January 23, 2026.

On 01/23/2026, the firm received [redacted]’s written complaint alleging that they had invested in a non-pfsi investment through the representative, and she has not returned their investment funds.

Broker Brian Heckert in Private Client Services, LLC Firm Has Customer Complaint

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Heckert (Heckert), currently associated with Private Client Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Heckert 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 $74,000.00 on January 08, 2026.

Claimant is the daughter of a client who passed away in August 2025. Claimant had power of attorney for her mother and alleges a breach of fiduciary duty because she was not advised that she would be unable to name herself as beneficiary on her mother’s accounts after transferring the accounts to a different custodian in November 2024 and she was not advised to seek legal counsel regarding the power of attorney prior to the transfer. As a result, she claims the breach will cost her approximately one-half of the value of the accounts because the accounts must go through probate and must be shared with a second heir to her mother’s estate (the daughter of her mother’s deceased son).

There are Recent Customer Complaints with Broker Patty Dawson in Firm Stifel, Nicolaus & Company, Incorporated

June 7, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 14, 2026.

Customer alleged registered representative made an unsuitable investment recommendation.

Broker David Smith in Ausdal Financial Partners, INC. Firm Has Customer Complaint

June 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Smith (Smith), currently associated with Ausdal Financial Partners, 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 $124,692.25 on February 05, 2026.

Incorporation of Recitals and Regulatory Standards, Unauthorized Liquidation and Distribution of assets, Negligence, Breach of Fiduciary Duty, Supervisory Failures and Admissions, Breach of Contract. Allegations are related to the liquidation and distribution of assets from the client's account due to her reps email being compromised and distribution requests being submitted with signatures that appeared to be the from the client and the rep.