Securities Lawyers Blog

Broker Mary Ann Best in Sanford C. Bernstein & Co., LLC Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mary Ann Best (Best), currently associated with Sanford C. Bernstein & Co., LLC, has at least one disclosable event. These events include one customer complaint, alleging that Best 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 $489,703.26 on February 28, 2023.

The Customer alleged unsuitable investment recommendations.

There are Recent Customer Complaints with Broker Bernard Bostwick in Firm Osaic Wealth, INC.

September 18, 2025 | by Staff Attorney

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

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

Claimant alleges the RR breached fiduciary duty by failing to recognize and stop claimant from being a victim of wire fraud.

Broker Robert Newman in Morgan Stanley Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 27, 2023.

Claimant alleged that the FA recommended a portfolio that was too aggressive for his risk tolerance.

Broker Arnetta Tolley in Edward Jones Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arnetta Tolley (Tolley), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Tolley 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 $8,000.00 on February 27, 2023.

Client alleges the financial advisor did not indicate there were any tax issues related to a 529 plan account withdrawal.

There are Recent Customer Complaints with Broker Luong Pham in Firm Cetera Advisors LLC

September 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luong Pham (Pham), previously associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pham 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 February 27, 2023.

Claimant alleges their financial adviser recommended unsuitable investments that resulted in losses.

Broker Douglas Magnuson in Four Points Capital Partners LLC Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Magnuson (Magnuson), currently associated with Four Points Capital Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Magnuson 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 $316,769.50 on February 23, 2023.

Client lost money between April 2017 through May 2022, and now claims he was not sophisticated enough to know the risks.

Broker Michael Martino in Four Points Capital Partners LLC Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Michael Martino (Martino), currently associated with Four Points Capital Partners LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Martino 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 $316,769.50 on February 23, 2023.

Martino was named as a respondent in a customer complaint that asserted the following causes of action: suitability, churning, failure to supervise, breach of fiduciary duty, breach of contract, unauthorized trading, negligence, misrepresentation, and omission of facts.

Broker J Coghlan in Osaic Wealth, INC. Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

Currently financial advisor J Coghlan (Coghlan), currently employed by brokerage firm Osaic Wealth, INC. 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 with a damage request of $50,000.00 on March 02, 2023.

The Claimant alleges that a recommendation to invest in a certain non-traded REIT investment was not in keeping with his investment objectives, and that full disclosures regarding the investment were not made.

Broker Carl Williams in Prospera Financial Services, INC. Firm Has Customer Complaint

September 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carl Williams (Williams), currently associated with Prospera Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Williams 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 March 02, 2023.

Customers allege representative recommended an investment strategy that was not suitable for their investment objectives and risk tolerance. Time period: April 22, 2020 to October 20, 2022.

There are Recent Customer Complaints with Broker Jim Lund in Firm Cabot Lodge Securities LLC

September 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jim Lund (Lund), currently associated with Cabot Lodge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lund 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 $100,001.00 on February 28, 2023.

Claimants allege violations of federal and state securities laws, fraud, unsuitable recommendations, misrepresentations and omissions of material fact, breach of contract, breach of fiduciary duty, and negligence with regards to the purchases of GWG L-Bonds in 2018 and 2019 respectively.