Securities Lawyers Blog

Broker Juan Colon Perea in Popular Securities, LLC Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juan Colon Perea (Colon Perea), currently associated with Popular Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Colon Perea 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 May 27, 2020.

Customer contacted the Financial Consultant (“FC”) on January 15, 2020 to place a sell order of the X2 Alternative Dividend Alpha FD A. However, the FC did not place the order until April 30, 2020. Consequently, customer claimed that this action adversely impacted its financial results and represented a material loss of approximately $200,000.00.

Broker William Randall in Cambridge Investment Research, INC. Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Randall (Randall), currently associated with Cambridge Investment Research, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Randall 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 $40,000.00 on June 01, 2020.

Claimants allege they desired to purchased low-risk investments, but were encouraged to invest in two unsuitable investments, which caused them to sustain damages under theories of breach of fiduciary duty and breach of contract.

Broker Michael Ryan in Valic Financial Advisors, INC. Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Ryan (Ryan), previously associated with Valic Financial Advisors, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Ryan 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 $50,000.00 on June 01, 2020.

Client did not take his annual annuity withdrawal after his registered representative allegedly advised him that the withdrawal could be deferred and is claiming a loss of $50,000.

Broker Gobind Hemnani in Nylife Securities LLC Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gobind Hemnani (Hemnani), currently associated with Nylife Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hemnani recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 02, 2020.

The customer alleged that a the market risk of a variable universal life insurance policy issued on or about September 18, 1998 had been misrepresented.

Broker William Morrow in Concorde Investment Services, LLC Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Morrow (Morrow), currently associated with Concorde Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Morrow 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 May 27, 2020.

Statement of claim alleges that investments were high risk and not in line with their stated objectives and risk tolerance.

There are Recent Customer Complaints with Broker Frederick Schiller in Firm Morgan Stanley

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frederick Schiller (Schiller), previously associated with Morgan Stanley, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Schiller 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 $250,000.00 on May 28, 2020.

Claimants allege, inter alia, unsuitability with respect to Puerto Rico municipal bonds investment – May 2012 to May 2020

Broker Barry Abrams in Ameriprise Financial Services, INC. Firm Has Customer Complaint

August 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Barry Abrams (Abrams), previously associated with Ameriprise Financial Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Abrams 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 $20,000.00 on June 01, 2020.

Claimant alleges respondent recommended unsuitable investments in FS Energy and Power and Corporate Capital Trust for his children’s college savings. His causes of action are negligence, breach of fiduciary duty, failure to supervise, breach of contract, misrepresentation, and violations of FINRA’s conduct rules.

Broker Jonathan Weinberg in PHX Financial, INC. Firm Has Customer Complaint

August 5, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Weinberg (Weinberg), previously associated with PHX Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Weinberg 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 $650,000.00 on June 02, 2020.

Unsuitable investments

Broker Robert Kirwan in Fidelity Brokerage Services LLC Firm Has Customer Complaint

August 5, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Kirwan (Kirwan), currently associated with Fidelity Brokerage Services LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kirwan 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 $63,781.11 on June 05, 2020.

Customer alleged that the registered representative did not follow his instructions to liquidate his account.

There are Recent Customer Complaints with Broker Athishay Gangadharan in Firm Kestra Investment Services, LLC

August 5, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Athishay Gangadharan (Gangadharan), currently associated with Kestra Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Gangadharan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on June 03, 2020.

The client alleges that during a meeting with the representative on or around February 21, 2020 she advised the representative that she wanted to move her investments to safety because of the spreading news\<char_lb_r>\, related to the Corona virus. The client claims that the representative ignored her instructions and invested the client’s cash and that she has suffered financial losses as a result.