Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Cancela (Cancela), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cancela 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 $9,912.00 on December 03, 2020.

Customer alleges that he was misled regarding tax benefits when he purchased Variable Universal Life Insurance policies in December 2019 and March 2020. Customer requests a refund of premiums paid.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Aaron Turner (Turner), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Turner 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 November 30, 2020.

Claimant alleges that she was recommended unsuitable, high-commission illiquid investments including FS Energy & Power Fund and CPA 17 Global.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Holland (Holland), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Holland 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 November 27, 2020.

Claimant alleges negligence and breach of fiduciary duty

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Billingham (Billingham), currently associated with Cetera Wealth Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Billingham 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 $59,815.00 on December 09, 2020.

Client alleged the annuity into which she was going to invest did not offer tax deferment, growth and payouts as indicated by her representative.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roy Williams (Williams), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Williams 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 03, 2020.

It is alleged that several non-traded alternative products were inappropriately recommended and sold.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Avila (Avila), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Avila 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 $58,000.00 on December 24, 2020.

Client alleges that Mr. Avila placed several short term trades that were unsuitable based on client’s age, employment status, risk tolerance and investment objectives.

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

FINRA BrokerCheck shows a settled customer complaint on December 23, 2020.

The complainants allege their representative never invested their money in the Stock Market back in March 2020, when they transferred money from an IRA into a ROTH. As a result, they missed out on a market upswing, and are now facing a tax penalty as a result.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Ahrenholz (Ahrenholz), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ahrenholz 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 $25,000.00 on December 23, 2020.

Claimant alleges unsuitability in investment of alternative investment which caused financial harm. The allegations include negligence, professional negligence, violations of law, unsuitable recommendations, breach of contract, breach of fiduciary duty and breach of securities industry rules and regulations.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Glenn Foerster (Foerster), previously associated with Cabot Lodge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Foerster 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 $49,900.00 on December 28, 2020.

The claimant is alleging common law fraud, Breach of fiduciary duty, and negligence against all respondents.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bruce Larsen (Larsen), previously associated with Forta Financial Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Larsen 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 $262,000.00 on December 29, 2020.

Improper Investment Recommendations, Failure to Perform Adequate Due Diligence

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