Securities Lawyers Blog

Broker Adam Figueroa in Ceros Financial Services, INC. Firm Has Customer Complaint

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Figueroa (Figueroa), currently associated with Ceros Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Figueroa 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 24, 2021.

Suitability

There are Recent Customer Complaints with Broker Shannon Crotty in Firm Blue Sand Securities LLC

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shannon Crotty (Crotty), previously associated with Blue Sand Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Crotty 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 $100,000.01 on May 24, 2021.

Claimants allege they were harmed by the sales of securities by two former Registered Representatives of Blue Sand Securities. The two former Registered Representatives were involved in an approved Outside Business Activity which claimant(s) state they were sold the securities of. The Statement of Claim does not state the exact date the claimants made investments in a private company and instead the claim lists the following months as to when investments in a private company claim to have been made – the months being April 2019, September 2019 or November 2019.

Broker Roberto Feria Cestero in Nationwide Planning Associates INC. Firm Has Customer Complaint

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roberto Feria Cestero (Feria Cestero), currently associated with Nationwide Planning Associates INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Feria Cestero 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 May 19, 2021.

Client’s allege overconcentration, unsuitability, breach of fiduciary duty, violations of securities laws and rules, breach of contract, negligence, fraud, false inducement to inaction, negligent supervision (Puerto Rico closed-end funds). Includes request for rescission, punitive damages, interest, costs, fees.

Broker Eduardo Pou Monagas in Nationwide Planning Associates INC. Firm Has Customer Complaint

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eduardo Pou Monagas (Pou Monagas), currently associated with Nationwide Planning Associates INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Pou Monagas 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 May 19, 2021.

Client alleges overconcentration, unsuitability, breach of fiduciary duty, violations of securities laws and rules, breach of contract, negligence, fraud, false inducement to inaction, negligent supervision (Puerto Rico closed-end funds). Includes request for rescission, punitive damages, interest, costs, fees.

There are Recent Customer Complaints with Broker David Olson in Firm Charles Schwab & Co., INC.

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Olson (Olson), previously associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Olson 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 $25,051.02 on May 18, 2021.

Client alleges representative did not follow allocation instructions provided in November 2019 which caused account losses. The client requested assets from an annuity transfer be invested into a mutual fund instead of a money market fund.

Broker Luisa Gonzalez in the Leaders Group, INC. Firm Has Customer Complaint

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luisa Gonzalez (Gonzalez), currently associated with the Leaders Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gonzalez 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 21, 2021.

When your financial advisor is providing advice they must adhere to the SEC’s Regulation Best Interest (Reg BI) rule and standard of care. Reg BI replaced the former “suitability” rule and created a ‘best interest’ standard for brokerage firms and registered representatives. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts.

There are Recent Customer Complaints with Broker Timothy Bartelt in Firm Raymond James Financial Services, INC.

February 16, 2026 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Timothy Bartelt (Bartelt), currently associated with Raymond James Financial Services, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Bartelt 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 $3,000,000.00 on May 19, 2021.

FA recommended unsuitable investments, over-concentrated claimant in energy sector securities, misrepresented the nature of certain securities, and engaged in churning.

There are Recent Customer Complaints with Broker Trevor Rahn in Firm J.P. Morgan Securities LLC

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Trevor Rahn (Rahn), previously associated with J.P. Morgan Securities LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Rahn 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 $1,000,000.00 on May 19, 2021.

Customer alleges representative engaged in a pattern of unsuitable, unauthorized trading in order to generate commissions, resulting in losses to the customer. Activity dates: May 2015 – September 2018.

There are Recent Customer Complaints with Broker Kevin Fitzgerald in Firm Osaic Wealth, INC.

February 16, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Fitzgerald (Fitzgerald), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Fitzgerald 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 17, 2021.

Claimants allege unsuitability of alternative investments which caused financial harm.

There are Recent Customer Complaints with Broker Mark Higginbotham in Firm E*trade Securities LLC

February 16, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 21, 2021.

Client alleged that he was not informed of the value of the annuities at the time of the surrender.