Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Martin (Martin), previously associated with Calton & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Martin 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 $40,000.00 on December 24, 2020.

Suitability, Breach of Fiduciary Duty and Negligence. Date was sometime in 2012

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Mcdonough (Mcdonough), previously associated with LPL Financial LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Mcdonough 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.

Claimant alleges that in 2014 the representative made unsuitable investment recommendations and concentrated claimant’s account in a non-traded, high-risk closed end fund contrary to claimant’s investment objectives.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Charleton (Charleton), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Charleton 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 $90,000.00 on December 23, 2020.

Claimant alleges that he was recommended FSKR, an unsuitable, high-commission, illiquid alternative investment initially purchased at LPL.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerald Mang (Mang), previously associated with Capfinancial Securities, LLC., has at least one disclosable event. These events include one customer complaint, alleging that Mang 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 $105,000.00 on December 24, 2020.

Claimant alleges that their financial advisor recommended unsuitable investments. Claimant generally alleges breach of contract, breach of fiduciary duty, misrepresentation, unjust enrichment, failure to supervise and negligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Naughton (Naughton), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Naughton 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 $180,000.00 on December 23, 2020.

Alleges that his financial professional recommended that he invest in a reit which was unsuitable for his investment portfolio. Activity period:  1/2014 to 12/2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Butler (Butler), previously associated with Ameriprise Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Butler 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 $65,000.00 on December 23, 2020.

Claimant alleges that in August 2013, Respondent recommended unsuitable investmenets in KBS REIT and Watermark Lodging REIT and seeks $65,000 in damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Thomilson (Thomilson), previously associated with Ameriprise Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Thomilson 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 December 28, 2020.

Claimants allege, during the time period November 2017-August 2018, their former Ameriprise advisor recommended they liquidate their positions in 3 variable annuities, which caused them to incur surrender charges, in order to invest in a fixed-indexed annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Gaffney (Gaffney), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gaffney 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 $135,000.00 on December 23, 2020.

Customer alleges that his financial professional recommended that he invest in a reit and a business development company which were unsuitable for his investment portfolio. Activity period:  5/2014 to 12/2020.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Federico Lopez (Lopez), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Lopez 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 $112,000.00 on December 28, 2020.

Time frame:  2004-present\<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 Jeffrey Duncan (Duncan), previously associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Duncan 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 $95,000.00 on December 28, 2020.

Unsuitable investments

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