Securities Lawyers Blog

There are Recent Customer Complaints with Broker Saul Rothberger in Firm Avantax Investment Services, INC.

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Saul Rothberger (Rothberger), currently associated with Avantax Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rothberger 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 $4,000,000.00 on November 30, 2022.

Client alleged the representative utilized an unsuitable investment strategy.

Broker Donald Rhodes in American Equity Investment Corporation Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Rhodes (Rhodes), previously associated with American Equity Investment Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Rhodes 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 $120,000.00 on November 30, 2022.

Claimant purchased a $120,000 bond with GWG Holdings Inc. in April, 2021. In April 2022, GWG 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.

There are Recent Customer Complaints with Broker Margarita Flores in Firm Nylife Securities LLC

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Margarita Flores (Flores), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Flores 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 November 28, 2022.

Customer alleges that he was not informed of fees, taxes and charges related to his additional investment into an existing variable universal insurance policy in November 2022. Customer has requested the cancellation of the additional investment and the return of his funds without penalty or fees.

Broker Edward Balmes in Moloney Securities Co., INC. Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Balmes (Balmes), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Balmes 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 $99,000.00 on November 28, 2022.

Suitability/negligence

Broker Eric Tom in MML Investors 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 Eric Tom (Tom), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tom recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on November 28, 2022.

The complainant alleges that his Jackson National Individual Deferred Variable and Fixed Annuity contracts, that were purchased in January 2006, were mismanaged by his registered representative, which resulted in a loss of his retirement savings, and the registered representative breached his fiduciary duty, and contract, and made misrepresentations.

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

October 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 28, 2022.

Customer alleged failure to follow instructions in advisory account. (3/18/20-1/11/21)

Broker Phil Wheat 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 Phil Wheat (Wheat), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wheat 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 $14,391.00 on November 29, 2022.

Poor advice and financial planning.

There are Recent Customer Complaints with Broker William Stokes in Firm Berthel, Fisher & Company Financial Services, INC.

October 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 30, 2022.

The clients allege the investments purchased from 2013-2017 were unsuitable.

There are Recent Customer Complaints with Broker James Armour in Firm Ausdal Financial Partners, INC.

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Armour (Armour), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Armour 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 28, 2022.

Suitability, Breach of Fiduciary Duty, Lack of Due Diligence, Lack of Supervision related to Bakkan Drilling Fund investments in 2013.

There are Recent Customer Complaints with Broker Jenna Hill in Firm Equitable Advisors, LLC

September 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 01, 2022.

Client alleges the RR misrepresented the charges associated with a term conversion to a variable policy in 2021.