Securities Lawyers Blog

Broker Julian Rodriguez in Innovation Partners LLC Firm Has Customer Complaint

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Julian Rodriguez (Rodriguez), currently associated with Innovation Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rodriguez 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 $35,555.00 on April 13, 2023.

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. 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. 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.

There are Recent Customer Complaints with Broker Stuart Huckin in Firm Truist Investment Services, INC.

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stuart Huckin (Huckin), previously associated with Truist Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Huckin 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 $21,000.00 on April 17, 2023.

Customer alleges advisor did not place trade as instructed.

There are Recent Customer Complaints with Broker Kenneth Baize in Firm LPL Financial LLC

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Baize (Baize), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Baize 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 April 13, 2023.

On July 17, 2018 client purchased a $500,000 7 year bond with GWG Holdings. GWG Holdings defaulted on interest payments in February 2022 and filed for Chapter 11 bankruptcy reorganization in April of 2022. GWG has a court approved Joint Chapter 11 Plan with assets in a wind down trust.

Broker Christie Caliva in Commonwealth Financial Network Firm Has Customer Complaint

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christie Caliva (Caliva), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Caliva 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 April 12, 2023.

Client alleging investment in Franklin Square Investment Corp. III was unsuitable.

There are Recent Customer Complaints with Broker Glenn Romer in Firm Center Street Securities, INC.

September 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on April 13, 2023.

Client alleges registered representative recommended unsuitable investment.

Broker Steros Christoforou in PHX Financial, INC. Firm Has Customer Complaint

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steros Christoforou (Christoforou), currently associated with PHX Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Christoforou 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 April 17, 2023.

Unsuitability – 09/2014 to 06/2020

Broker Rene Bolivar in First Allied Securities, INC. Firm Has Customer Complaint

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rene Bolivar (Bolivar), previously associated with First Allied Securities, INC., has at least one disclosable event. These events include one regulatory event, alleging that Bolivar recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on April 12, 2023.

Without admitting or denying the findings, Bolivar consented to the sanction and to the entry of findings that he refused to produce documents and information and failed to appear for on-the-record testimony requested by FINRA in connection with an investigation into a disclosure made in his former member firm’s amended Form U5 that disclosed a civil lawsuit filed against the firm and Bolivar by the relative of a former customer.

Broker Reginald Rabb in State Farm Vp Management Corp. Firm Has Customer Complaint

September 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on April 14, 2023.

Customer believes that he husbands annuity signatures do not match the signature on the withdrawal request.

There are Recent Customer Complaints with Broker Shabri Moore in Firm Commonwealth Financial Network

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shabri Moore (Moore), previously associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Moore 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 $235,391.33 on April 17, 2023.

Client alleging that the sale of two variable life insurance products were unsuitable.

There are Recent Customer Complaints with Broker Steven Netzel in Firm Madison Avenue Securities, LLC

September 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Netzel (Netzel), previously associated with Madison Avenue Securities, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Netzel recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on April 14, 2023.

Without admitting or denying the findings, Netzel consented to the sanctions and to the entry of findings that he caused his member firm’s books and records to be inaccurate by submitting altered customer documents to the firm related to purchases of alternative investments. The findings stated that, in connection with at least six customers’ alternative investment purchases, Netzel submitted Investor Profiles that he knew reflected inaccurate information. There were indications on the face of the documents that information had been whited-out and written over, such as inflating customers’ net worth and liquid net worth. By increasing customers’ net worth, their percentage holdings in alternative investments were reduced, and Netzel was able to obtain the necessary approval for alternative investment purchases. The findings also stated that Netzel made unsuitable recommendations to customers. Netzel’s recommendations resulted in the customers being overconcentrated in alternative investments that were unsuitable for them based on their net worth, investment objectives and risk tolerance.