Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Johnson (Johnson), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 $54,567.96 on January 12, 2021.

Johnson was a subject of the customer\\u2019s complaint against his member firm that asserted the following causes of action: breach of contract and warranties; promissory estoppel; violation of state securities statutes; breach of fiduciary duty; negligence and gross negligence; misrepresentation/omission & negligent misrepresentation/omission; unjust enrichment; failure to supervise; common law and statutory claims and damages; and vicarious & control person liability.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Harkavy (Harkavy), currently associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Harkavy 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 $24,380.00 on January 15, 2021.

Client alleged unauthorized sales. From 6/1/2020 to 10/1/2020

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Audet (Audet), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Audet 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 $250,000.00 on January 12, 2021.

Claimants allege their financial professional recommended they invest in a REIT, certain limited partnerships, and an ETF which was unsuitable for their investment portfolio.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dean Evans (Evans), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Evans 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 $264,000.00 on January 12, 2021.

Claimant alleges unsuitability in investments which caused financial harm. The allegations include negligence, gross negligence, over concentration, brech of fiduciary duty, breech of contract and material misrepresentation an ommissions.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Geoffrey Brown (Brown), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brown 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 January 12, 2021.

Claimants allege that registered representative did not discuss or explain risk in recommending investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marshall Isaacson (Isaacson), previously associated with Newbridge Securities Corporation, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Isaacson 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 $75,000.00 on January 13, 2021.

Breach of fiduciary duty, breach of contract and negligence

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

FINRA BrokerCheck shows a settled customer complaint on January 12, 2021.

Claimants allege that their registered representative recommended unsuitable investments

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Javelin San Nicolas (San Nicolas), previously associated with Edward Jones, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that San Nicolas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 19, 2021.

Without admitting or denying the findings, San Nicolas consented to the sanction and to the entry of findings that he refused to provide information and documents that were requested by FINRA in connection with an investigation into the circumstances giving rise to his termination from his former member firm.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Jacobs (Jacobs), previously associated with Bankers Life Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Jacobs 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 $34,313.00 on January 20, 2021.

The Firm received a written complaint on January 20, 2021, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, signed jointly by the clients and an investment adviser representative of an unaffiliated firm. The complaint alleges that a financial representative of the Firm made unsuitable recommendations to the clients to liquidate securities in the clients’ accounts to purchase fixed-index annuities, issued by BLC. Clients requested to be released from the BLC annuities without surrender fees or penalties. BLC entered into a Settlement and Release and allowed the clients to cancel their annuities without the assessment of surrender charges. While the BLC annuities sold to the clients were not securities and were issued by BLC, the Firm is reporting this complaint because the source of funding for the annuities came from the sale of securities recommended by a financial representative of the Firm.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Lane (Lane), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lane 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 January 21, 2021.

Claimants allege breach of fiduciary duty, violation of FINRA Rules, breach of contract and negligence.

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