Securities Lawyers Blog

There are Recent Customer Complaints with Broker George Jacobs in Firm Bankers Life Securities, INC.

April 15, 2026 | by Staff Attorney

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.

Broker Richard Lane in Osaic Wealth, INC. Firm Has Customer Complaint

April 15, 2026 | by Staff Attorney

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.

Broker Brian Hagen in D.h. Hill Securities, Lllp Firm Has Customer Complaint

April 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Hagen (Hagen), currently associated with D.h. Hill Securities, Lllp, has at least one disclosable event. These events include one customer complaint, alleging that Hagen 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 $115,000.00 on January 20, 2021.

Claimants allege negligence, violations of law, unsuitable recommendations, negligent supervision, breach of contract, breach of fiduciary duty, and breach of industry rules and regulations.

There are Recent Customer Complaints with Broker Gerard Nicosia in Firm Cetera Wealth Services, LLC

April 15, 2026 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Gerard Nicosia (Nicosia) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Nicosia was employed by Cetera Wealth Services, LLC at the time of the activity. If you have been a victim of Nicosia’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $125,001.00 on January 20, 2021.

Unsuitable investment was allegedly recommended in private investment fund.

There are Recent Customer Complaints with Broker Daniel Lane in Firm Cetera Wealth Services, LLC

April 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Lane (Lane), currently associated with Cetera Wealth Services, LLC, 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 $27,000.00 on January 20, 2021.

Claimant alleges Respondent misrepresented, over-concentrated and recommended unsuitable investment.

There are Recent Customer Complaints with Broker David Huisinga in Firm LPL Financial LLC

April 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Huisinga (Huisinga), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Huisinga 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 January 20, 2021.

Claimant alleges that purchases of alternative investments and annuities at a prior broker-dealer were unsuitable. Activity Period 4/2013 – 1/2021.

There are Recent Customer Complaints with Broker Daniel Dillard in Firm Union Capital Company

April 15, 2026 | by Staff Attorney

Previously financial advisor Daniel Dillard (Dillard), previously employed by brokerage firm Union Capital Company has been subject to at least 2 disclosable events. These events include 2 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,500,000.00 on January 19, 2021.

Customers allege recommendations of certain private placement investments were not suitable, and that the Firm did not conduct proper due diligence on certain investments.

There are Recent Customer Complaints with Broker Jay Panzer in Firm LPL Financial LLC

April 15, 2026 | by Staff Attorney

Currently financial advisor Jay Panzer (Panzer), currently employed by brokerage firm LPL Financial LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint on January 20, 2021.

Claimant alleges her investment professional recommended she invest in certain REITs and Business Development Companies which were allegedly unsuitable for her investment portfolio.

Broker Charles Morris in Nylife Securities LLC Firm Has Customer Complaint

April 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Morris (Morris), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Morris 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 $7,756.34 on January 19, 2021.

Customer alleges the Variable Annuity policy she purchased in April 2019 was originally understood to be a rollover of her existing annuity with her previous broker-dealer and that she did not understand that a new surrender period had been created. Customer further alleges that the fees associated with this policy are further eroding her balance therefore she is requesting a surrender of this policy without any fees as well as a reimbursement of any fees associated with this annuity.

Broker Harrison Nathan in MML Investors Services, LLC Firm Has Customer Complaint

April 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Harrison Nathan (Nathan), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nathan 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 January 21, 2021.

The complainant alleges that beginning in or around 2012, his portfolio was churned when inappropriate transactions were made in an effort to maximize the rep’s commissions at his expense.