Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Meere (Meere), previously associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Meere 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 Stephen Molesky (Molesky), previously associated with Kalos Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Molesky 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, over concentration in alternative investments, failure to supervise.

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

FINRA BrokerCheck shows a settled customer complaint on December 29, 2020.

The clients allege money with taken out of an account that they did not want moved and want the money reinvested. The clients also request an accounting of the gains and losses.

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

FINRA BrokerCheck shows a settled customer complaint on December 30, 2020.

Claimant alleges their formal financail advisor recommended an unsuitable investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Hofmann (Hofmann), currently associated with Valic Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hofmann 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 $50,000.00 on December 29, 2020.

Client did not take his annual annuity withdrawal after the registered representative assigned to his account, not mr. Hofmann, allegedly advised him that the withdrawal could be deferred and is claiming a loss of $50,000.

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

FINRA BrokerCheck shows a settled customer complaint on December 31, 2020.

Claimant alleges RR made unsuitable recommendations of investments within his IRA.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Felix Bartolomei (Bartolomei), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bartolomei 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 $100,001.00 on December 29, 2020.

Client alleges unsuitability, overconcentration, failure to supervise, scienter, aiding and abetting, fraudulent concealment, violations of securities laws and rules, fraud, recklessness, negligence, breach of fiduciary duties, and violations of PR contract law (Puerto Rico bonds and closed-end funds). Includes request for punitive damages, rescission, interest, fees, costs, and disgorgement of commission and fees.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Tarver (Tarver), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Tarver 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 $5,173,597.57 on December 30, 2020.

The Claimant alleges an unsuitable investment strategy when a line of credit was opened and inappropriately leveraged against annuities in December of 2018. Claimant also alleges that she did not authorize the opening of the line of credit, as well as multiple wire transfers initiated by her then husband between 2017 and 2019. Additionally, Claimant alleges that her signature was forged by her former husband on opening documents for a loan management account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sergio Rodriguez (Rodriguez), previously associated with Kovack Securities INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rodriguez 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 December 30, 2020.

:         Time frame:  Unspecified\<char_lb_r>\, \<char_lb_r>\, Allegations: Claimants allege their investments in Puerto Rico closed-end funds were unsuitable, over-concentrated, and misrepresented as safe investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paz Chandra (Chandra), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chandra 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 31, 2020.

CUSTOMER ALLEGES UNSUITABLE ALTERNATIVE INVESTMENT RECOMMENDATION. ACTIVITY PERIOD: 1/2015\<char_lb_r>\, TO 12/2020.

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