Articles Posted in Reg BI

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jamie Chambers (Chambers), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chambers 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 $15,000.00 on July 23, 2021.

Claimant alleges that, in 2012, she was recommended and invested $25,000 in an unsuitable REIT, Cary Watermark Investors, Inc. n/k/a Watermark Lodging Trust.

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

FINRA BrokerCheck shows a settled customer complaint on July 26, 2021.

The customer alleges that she was the victim of an international wire fraud scheme and that the Financial Advisor advised her on methods to circumvent Firm processes in order for the wires to be approved from April 2018 until October of 2018.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cedric Powell (Powell), previously associated with Ameriprise Financial Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Powell 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 $5,000.00 on July 28, 2021.

Customers are alleging representative misappropriated funds from their mutual fund account to pay premiums on policies the customers were not aware existed.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Curt Giacobbe (Giacobbe), previously associated with MML Investors Services, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Giacobbe 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 July 27, 2021.

The complainant alleges that in or around 2014, the rep made unsuitable recommendations and recommended investments that were not consistent with the complainant’s risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Buddy Levy (Levy), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Levy 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 $8,154.00 on July 28, 2021.

Client alleges advisor took direction from her husband on March 12th, 2020 and March 19th, 2020 for mutual fund exchanges in her IRA account without written authorization.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pasquale Vitucci (Vitucci), previously associated with United Planners’ Financial Services of America A Limited Partner, has at least one disclosable event. These events include one customer complaint, alleging that Vitucci 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 July 26, 2021.

Breach of fiduciary duty, negligent misrepresentation, negligence, negligent supervision, breach of contract, fraud and financial elder abuse.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Markland (Markland), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Markland 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 July 23, 2021.

Claimants allege unsuitable alternative investment recommendations, failure to supervise, and inadequate due diligence.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Young Kim (Kim), previously associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kim 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 $400,000.00 on July 23, 2021.

DURING THE PERIOD 2015 TO PRESENT, CUSTOMERS ALLEGE THAT THE REGISTERED REPRESENTATIVE RECOMMENDED UNSUITABLE AND ILLIQUID INVESTMENTS.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Katrina Hayes (Hayes), currently associated with Prospera Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hayes 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 July 29, 2021.

Customer alleges breach of fiduciary duty, contract, and negligence, as well as overall negligence and misrepresentation in the liquidation transactions of her CSX and FB positions since coming to Prospera in Dec 2019 after she claims she explicitly told the advisors not to touch these positions. She is asking for $100k plus interest and legal fees.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Angelita Fuentes (Fuentes), currently associated with Voya Investments Distributor, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Fuentes 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 $700,000.00 on July 30, 2021.

CLIENT ALLEGES NORTHSTAR INVESTMENT WAS UNSUITABLE

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