Securities Lawyers Blog

Broker Michael Venturino in Spartan Capital Securities, LLC Firm Has Customer Complaint

September 23, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Michael Venturino (Venturino), previously associated with Spartan Capital Securities, LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Venturino 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 with a damage request of $46,399.00 on February 01, 2023.

Suitability, churning, failure to supervise, breach of fiduciary duty, breach of contract, unauthorized trading, negligence, misrepresentation, and omission of facts

There are Recent Customer Complaints with Broker Pamela Espinosa in Firm Kestra Investment Services, LLC

September 23, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Pamela Espinosa (Espinosa), currently associated with Kestra Investment Services, LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Espinosa 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 with a damage request of $1,000,000.00 on January 25, 2023.

Claimant alleges Espinosa recommended unsuitable private investments in order to generate high commissions. Additionally, claimant alleges that Espinosa engaged in cross trading.

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

September 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Layland (Layland), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Layland 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 25, 2023.

Claimant alleges the financial professional recommended an annuity that was unsuitable.

Broker Libertad Ortiz Contreras in Flourish Financial LLC Firm Has Customer Complaint

September 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Libertad Ortiz Contreras (Ortiz Contreras), currently associated with Flourish Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ortiz Contreras 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 January 31, 2023.

Ms. Ortiz Contreras sold the client an investment in Northstar Financial Services (Bermuda) Ltd in 2015 while registered with Raymond James. Ms. Ortiz Contreras separated from Raymond James in 2018. The customer’s investment was subsequently renewed in 2019-2020. Former client alleges purchasing a Northstar Financial Services (Bermuda) Ltd investment for which Raymond James and the UN Federal Credit Union failed to conduct adequate due diligence or monitoring of the investment.

Broker Michael Roberts in Ameriprise Financial Services, LLC Firm Has Customer Complaint

September 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Roberts (Roberts), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Roberts 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 $8,372.91 on January 24, 2023.

A beneficiary of an estate settlement alleged that the advisor changed the date on an estate settlement form after a failure to submit the forms for 3 months, resulting in losses.

Broker Matthew Boehm in Osaic Wealth, INC. Firm Has Customer Complaint

September 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Boehm (Boehm), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Boehm 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 $75,000.00 on January 31, 2023.

According to Lion Street Financial’s filing, Claimant is alleging misrepresentation and failure to supervise the suitability of GWG L-bonds. She purchased $50,000 from her ex-husband, a former registered representative of Lion Street Financial. GWG is currently under review from the SEC. Claimant is seeking $50,000 plus attorney’s fees in damages. Arbitration filed in August 2022. LSF filed to implead the advisor and is looking to settle this matter.

Broker Jack Riley in UBS Financial Services INC. Firm Has Customer Complaint

September 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 01, 2023.

Time frame: Starting in or about 2017\, \, Allegations: Claimants’ counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

There are Recent Customer Complaints with Broker Jeremy Dicker in Firm Park Avenue Securities LLC

September 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Dicker (Dicker), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dicker 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 27, 2023.

Client alleges the RR sold all of the equities in her advisory portfolio which created a long term capital gains tax liability.

Broker John Donnelly in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

September 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on February 01, 2023.

Claimant alleges that Mr. Donnelly failed to follow his father’s instructions to make her the beneficiary of his father’s IRA.

There are Recent Customer Complaints with Broker Michael Halkitis in Firm the Rockwell Financial Group, INC.

September 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Halkitis (Halkitis), currently associated with the Rockwell Financial Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Halkitis 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 $325,000.00 on January 26, 2023.

I was named as a Control Person of the Firm. No direct allegations we made against me in the Statement of Claim.