Securities Lawyers Blog

Broker Shane Elsbury in Transamerica Financial Advisors, LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shane Elsbury (Elsbury), currently associated with Transamerica Financial Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Elsbury 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 $150,000.00 on November 30, 2022.

Claimant purchased a $150,000, 7-year bond with GWG Holdings, Inc. in January of 2017. In April 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy reorganization, which is still pending. Claimant alleges the bond was unsuitable and the respondent did not sufficiently convey the risks involved.

Broker Alan Druckenmiller in Stonex Securities INC. Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Druckenmiller (Druckenmiller), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Druckenmiller 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 $500,000.00 on December 01, 2022.

The concentration in Alternative Investments was not suitable for [REDACTED]’ who is retired.

Broker Coleigh Mckay in Regions Securities LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Coleigh Mckay (Mckay), currently associated with Regions Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mckay 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 $30,418,671.50 on November 26, 2022.

Applicant Parties allege defendants (including Vanderbilt University) caused Applicant Parties “material losses and mental distress”. Vanderbilt University through their Office of Investments invested in the private equity fund (one of the Applicant Parties) managed by the Applicant Parties that ultimately failed and was liquidated in 2019.

Broker Lauren Ivester in Dempsey Lord Smith, LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lauren Ivester (Ivester), previously associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ivester 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 $220,000.00 on November 29, 2022.

Negligence, breach of fiduciary duties, fraudulent misrepresentation, and breach of contract

Broker Frank Avallone in Ceros Financial Services, INC. Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Avallone (Avallone), currently associated with Ceros Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Avallone 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 $2,707,818.00 on November 28, 2022.

Client claimed unsuitability, conflict of interest, failure to supervise, breach of duty of loyalty, and Respondeat Superior.

There are Recent Customer Complaints with Broker John Priebe in Firm Principal Securities, INC.

October 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $22,924,541.00 on November 30, 2022.

John Priebe was a subject of the customer’s complaint against his member firm that asserted the following causes of action: violation of federal regulations; violation of the Securities and Exchange Act of 1934; violation of Minn. Stat. \\u00a7 45.026; violation of Minn. Stat. \\u00a780A.68; violation of FINRA rules; fraud; breach of fiduciary duty; negligence; breach of contract; respondeat superior; and negligent supervision.

Broker Richard Simpson in Ameriprise Financial Services, LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Simpson (Simpson), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Simpson 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 $30,000.00 on November 28, 2022.

The client alleged the advisor did not follow her January 2022 instructions to process a full surrender of her variable annuity.

There are Recent Customer Complaints with Broker Peter Radvanyi in Firm Newbridge Securities Corporation

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Radvanyi (Radvanyi), previously associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Radvanyi 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 November 30, 2022.

Breach of Fiduciary Duty, Breach of Contract, Suitability , failure to Supervise, Violation of the Federal Securities Law, Violation of FINRA Rules 2210,IM 2310-20and 2020.

There are Recent Customer Complaints with Broker Ronald Mcleod in Firm Moloney Securities Co., INC.

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Mcleod (Mcleod), previously associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Mcleod 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 November 28, 2022.

Negligence; breach of fiduciary duty; negligent supervision

Broker Steven Boblis in Fsc Securities Corporation Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Boblis (Boblis), previously associated with Fsc Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Boblis 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 $10,000.00 on November 30, 2022.

Client alleges that advisor did not invest his funds in a timely manner and he was charged advisory fees while sitting in cash when he thought the advisor would invest his funds.