Securities Lawyers Blog

Broker Allan Klenke in Morgan Stanley Firm Has Customer Complaint

March 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allan Klenke (Klenke), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Klenke 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 $1,700,000.00 on October 09, 2020.

Time frame: 2016-2020 Claimant’s 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 Robert Ladino in Firm Idb Capital Corp.

March 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Ladino (Ladino), currently associated with Idb Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Ladino 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 October 06, 2020.

Customers alleged that in 2011 and 2013 RR recommended they purchase and hold foreign corporate bonds that were not suitable and did not diversify their accounts.

Broker Theodore Jackson in Ameriprise Financial Services, LLC Firm Has Customer Complaint

March 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on October 05, 2020.

Claimant alleges that she transferred her investment in a REIT ETN to Ameriprise and Respondents failed to recommend that she change her investments and seeks damages in an unspecified amount.

Broker William Slepcevich in Osaic Wealth, INC. Firm Has Customer Complaint

March 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Slepcevich (Slepcevich), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Slepcevich 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 $5,000.00 on October 03, 2020.

Allegations of unsuitable investment recommendation related to a business development company

There are Recent Customer Complaints with Broker Norman Robbins in Firm Ameriprise Financial Services, LLC

March 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Norman Robbins (Robbins), currently associated with Ameriprise Financial Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Robbins 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 October 02, 2020.

Alleged overconcentration in real estate investments, commodity funds and energy stocks.

Broker Leo Galanti in Raymond James Financial Services, INC. Firm Has Customer Complaint

March 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leo Galanti (Galanti), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Galanti 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 $1,200,000.00 on October 01, 2020.

Clients allege unsuitable investments using margin. 08/25/2010 06/30/2020.

BlackRock Must Face Whistleblower Retaliation Claim: What the Ruling Means for Investors and the Financial Industry

March 27, 2026 | by Staff Attorney

A recent decision allowing a whistleblower retaliation case against BlackRock to proceed is more than an employment dispute. It is a window into how internal warnings about potential misconduct are handled at the highest levels of the financial industry and what happens when those warnings are ignored.

According to reporting highlighted by FundFire and related coverage, a former BlackRock vice president alleged he was terminated after raising concerns about self dealing, conflicts of interest, and questionable internal practices. A judge rejected key parts of BlackRock’s motion to dismiss, allowing the retaliation claim to move forward.

At a basic level, the ruling does not determine liability. But it does something more important at this stage. It validates that the allegations, if proven, could support a viable whistleblower retaliation claim. That alone has significant implications for both employees and investors.

Adam Gana on the PRETEND Podcast: GPB Capital Fraud, Broker Misconduct, and What Investors Need to Know Now

March 27, 2026 | by Staff Attorney

Adam Gana, Managing Partner of Gana Weinstein LLP and former President of PIABA, was recently featured on the PRETEND Podcast with Javier Leiva, where he provided a detailed analysis of the GPB Capital fraud and its broader implications for investor protection.

The episode can be accessed here:

https://open.spotify.com/episode/3fxoD289aLXm52BZI6yCdi?si=32c7b857307641e0

There are Recent Customer Complaints with Broker Tawnya Schwartz in Firm MML Investors Services, LLC

March 26, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on October 09, 2020.

The complainant alleges his signature was forged multiple times, without his knowledge or consent on an application for a variable annuity, which was issued on May 31, 2017.

There are Recent Customer Complaints with Broker Coleman Benko in Firm the Strategic Financial Alliance, INC.

March 26, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Coleman Benko (Benko), currently associated with the Strategic Financial Alliance, INC., has at least one disclosable event. These events include one customer complaint, alleging that Benko 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 October 13, 2020.

In the financial industry advisors must meet the requirements of the SEC’s Regulation Best Interest (Reg BI) in providing investment advice and services. Reg BI established 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. This standard applies when brokers make recommendations to retail customer for any securities transaction or investment strategy involving securities, including recommendations of types of accounts.