Securities Lawyers Blog

There are Recent Customer Complaints with Broker Nader Gandevani in Firm Shopoff Securities, INC.

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nader Gandevani (Gandevani), currently associated with Shopoff Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gandevani 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 $233,000.00 on August 15, 2025.

Customer alleges that in or about 2019 the representative recommended GWG Holdings L Bonds and Red Oak Capital Fund III Bonds that were unsuitable given the customer’s limited investment experience and risk tolerance, and misrepresented risk and outcomes. Customer claims loss of principal and unpaid interest and seeks recovery.

There are Recent Customer Complaints with Broker Jason Baker in Firm Cambridge Investment Research, INC.

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Baker (Baker), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Baker 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 $575,000.00 on August 19, 2025.

Claimant is the estate of RR’s mother, which is being administered by RR’s estranged sister. After RR contested the will, Claimant (through sister) alleged that RR did not file requested change of beneficiary forms for his mother’s brokerage accounts.

There are Recent Customer Complaints with Broker John Pescatore in Firm Oppenheimer & CO. INC.

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pescatore (Pescatore), currently associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Pescatore 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 $200,000.00 on August 18, 2025.

Claimants alleges Oppenheimer permitted unauthorized change of beneficiary upon death of customer and alleges claims for breach of fiduciary duty, breach of contract, negligence, violation of FINRA Rules and negligent supervision. From 01/2020 – 12/2020

Broker John Suess in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Suess (Suess), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Suess 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 $200,000.00 on August 19, 2025.

BREACH OF CONTRACT AND WARRANTIES, PROMISSORY ESTOPPEL, CONSUMER PROTECTION AND DECEPTIVE TRADE PRACTICES ACT, VIOLATION OF STATE SECURITIES STATUTES, COMMON LAW FRAUD, BREACH OF FIDUCIARY DUTY, NEGLIGENCE AND GROSS NEGLIGENCE, FINRA Conduct Rule 2010, FINRA Conduct Rule 2020, FINRA Conduct Rule 2090, FINRA Conduct Rule 2111, FINRA Conduct Rule 2210, FINRA Conduct Rule 3110, MISREPRESENTATION/OMMISSION AND NEGLIGENT MISREPRESENTATION/OMISSION, UNJUST ENRICHMENT, COMMON LAW, STATUTORY CLAIMS AND DAMAGES, and VICARIOUS & CONTROL PERSON LIABILITY

Broker Gary Madrid in Westpark Capital, INC. Firm Has Customer Complaint

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gary Madrid (Madrid), currently associated with Westpark Capital, INC., has at least one disclosable event. These events include one customer complaint, alleging that Madrid 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 $50,000.00 on August 13, 2025.

Customer alleges that the recommendation to purchase GWG bonds constituted a breach of fiduciary duty, negligence and violations of Reg BI.

There are Recent Customer Complaints with Broker Timothy Brown in Firm Willow Cove Investment Group, INC.

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Brown (Brown), currently associated with Willow Cove Investment Group, INC., 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 pending customer complaint with a damage request of $100,000.00 on August 15, 2025.

Unsuitable Investment Recommendations, Failure of Due Diligence and Misrepresentations, Failure to Supervisory, Violation of FINRA Rule 3240

Broker Sophie Stevens in Morgan Stanley Firm Has Customer Complaint

October 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sophie Stevens (Stevens), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Stevens 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 $5,000.00 on August 14, 2025.

The client alleged the advisor did not manage account and let funds sit uninvested.

Broker Jordan Lenderman in Equitable Advisors, LLC Firm Has Customer Complaint

October 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jordan Lenderman (Lenderman), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lenderman 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 $5,000.00 on August 21, 2025.

Client alleges the RR did not follow instructions on how to invest her funds and placed them in an inappropriate product resulting in missed growth opportunity.

There are Recent Customer Complaints with Broker Reuben Brown in Firm Edward Jones

October 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Reuben Brown (Brown), previously associated with Edward Jones, 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 pending customer complaint with a damage request of $304,164.00 on August 20, 2025.

Claimant alleges in December of 2021, the registered representative approached the Claimant with an opportunity to invest in a “risk free” and “tax free” promissory note of which she agreed to purchase $260,000.00 funded from her Edward Jones accounts. Claimant alleges the registered representative promised a multiple return on the investment in a short period of time with relaying very little specifics. Claimant alleges the investment later proved to be a total fraud and complete loss. Claimant also alleges a tax liability of $44,164. 00.

Broker Kyle Tisone in Goldman Sachs & CO. LLC Firm Has Customer Complaint

October 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kyle Tisone (Tisone), currently associated with Goldman Sachs & CO. LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tisone 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 $850,000.00 on August 19, 2025.

The client alleges that the representative took action outside the scope of the client’s consent in an advisory account, and materially misrepresented the risks associated with an options strategy from October 2024, notwithstanding account documentation, presentation materials and discussions to the contrary.