Securities Lawyers Blog

Broker Alexander Parisis in J.P. Morgan Securities LLC Firm Has Customer Complaint

October 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alexander Parisis (Parisis), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Parisis 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 $40,965.00 on April 18, 2023.

Customer alleges unsuitable recommendation regarding managed account investment. Activity dates 8.26.21 to 8.26.21.

There are Recent Customer Complaints with Broker John Savini in Firm Nylife Securities LLC

October 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 19, 2023.

Customer alleges he was misled into rolling over his deferred compensation plan into a variable annuity in October 2022. Customer further alleges that the recommended VA now precludes him from withdrawing his money without surrender charges. Customer requests waiving the surrender charges so that he can move his assets.

Broker Raymond Pena in Bbva Securities INC. Firm Has Customer Complaint

October 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Pena (Pena), previously associated with Bbva Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Pena 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 $1,000,000.00 on April 20, 2023.

Claimant inherited her father’s self-directed brokerage account. In 2015, claimant moved account to firm and pledged the assets to secure a line of credit with firm’s former affiliate bank. Said line of credit was in the name of claimant and her husband (who she has since divorced). Brokerage account was claimant’s sole property under Texas law. Claimant asserts that firm breached its fiduciary duty and failed to make suitable recommendations in allowing claimant to pledge her sole property assets against the joint debt and by allowing her to make equity investments in a self-directed account.

Broker Judson Miller in Principal Securities, INC. Firm Has Customer Complaint

October 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on April 19, 2023.

The client alleges the recommendation of the variable annuity was unsuitable, and the product was misrepresented by the financial professional.

Broker Marcel Schkud in Bbva Securities INC. Firm Has Customer Complaint

October 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marcel Schkud (Schkud), previously associated with Bbva Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Schkud 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 $1,000,000.00 on April 20, 2023.

Claimant inherited her father’s self-directed brokerage account. In 2015, claimant moved account to firm and pledged the assets to secure a line of credit with firm’s former affiliate bank. Said line of credit was in the name of claimant and her husband (who she has since divorced). Brokerage account was claimant’s sole property under Texas law. Claimant asserts that firm breached its fiduciary duty and failed to make suitable recommendations in allowing claimant to pledge her sole property assets against the joint debt and by allowing her to make equity investments in a self-directed account.

There are Recent Customer Complaints with Broker Nathan Wells in Firm Cetera Wealth Services, LLC

October 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 26, 2024.

Claimants alleged that the Representative recommended multiple alternative investment products that resulted in substantial losses. Claimants further alleged that Representative misrepresented the risks and potential for future income and growth.

Broker William Laury in MML Investors Services, LLC Firm Has Customer Complaint

October 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Laury (Laury), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Laury 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 $55,029.00 on April 21, 2023.

The FINRA Arbitration alleges the representative provided incorrect tax advice which resulted in an unexpected tax liability for the customer. The representative denies providing any tax advice to the customer.

There are Recent Customer Complaints with Broker Fabio De Andrade in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

October 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on October 04, 2023.

Customer alleges unauthorized trading in account in June 2022.

There are Recent Customer Complaints with Broker Joseph Hurley in Firm Cambridge Investment Research, INC.

October 18, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Joseph Hurley (Hurley), previously associated with Cambridge Investment Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Hurley concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on May 11, 2023.

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

There are Recent Customer Complaints with Broker Scott Coonrod in Firm Fsc Securities Corporation

October 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Coonrod (Coonrod), previously associated with Fsc Securities Corporation, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Coonrod 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 $1,228,822.00 on April 21, 2023.

Claimants, who are the daughters of the deceased client, allege that discretionary trading in the account was overly aggressive and not in keeping with their father’s purported needs and objectives.