Securities Lawyers Blog

Broker Enkofi John in Cetera Investment Services LLC Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Enkofi John (John), previously associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that John 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 $26,000.00 on May 12, 2023.

Claimants allege that new account paperwork was completed without their authorization

Broker Christopher Burch in MML Investors Services, LLC Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Burch (Burch), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Burch 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 $361,136.00 on April 28, 2023.

Suitability

Broker James Raper in Wealthforge Securities, LLC / Wealthforge Distributors, LLC Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Raper (Raper), currently associated with Wealthforge Securities, LLC / Wealthforge Distributors, LLC, has at least 7 disclosable events. These events include 7 customer complaints, alleging that Raper 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 $552,535.65 on May 02, 2023.

From investment activity in 2019, claimant alleges the following: \, failure to conduct reasonable due diligence\, negligence\, failure to disclose material facts\, failure to conduct suitability \, Failure to supervise\, misrepresentation and omissions\, breach of contract\, breach of fiduciary duty

Broker Simon Joseph in LPL Financial LLC Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 11, 2023.

Client alleges losses of over $250,000 in January of 2022 due to unauthorized trades, unsuitable recommendations, misrepresentation, failure to supervise by Truist, breach of fiduciary duty and violation of Virginia securities laws with respect to an account held by the claimants at representative’s previous firm.

There are Recent Customer Complaints with Broker Derek Malone in Firm Osaic Institutions, INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Derek Malone (Malone), currently associated with Osaic Institutions, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Malone 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 May 08, 2023.

Client’s allege the broker misrepresented the CD.

There are Recent Customer Complaints with Broker Thomas Currie in Firm Goldman Sachs & CO. LLC

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Currie (Currie), currently associated with Goldman Sachs & CO. LLC, has at least one disclosable event. These events include one customer complaint, alleging that Currie 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 $140,000.00 on May 03, 2023.

The client alleged that the representative’s May 2021 recommendation to sell certain securities and invest the proceeds into a tax advantaged fund was not suitable, as they allege it did not meet their tax objectives.

Broker Sanjeev Segan in Nylife Securities LLC Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 24, 2023.

The customer alleges he was misled when he purchased a Variable Annuity in March 2023.

Broker Ramesh Madhusudan in Raymond James Financial Services, INC. Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ramesh Madhusudan (Madhusudan), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Madhusudan 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 $2,000,000.00 on May 11, 2023.

Claimant alleges (i) breach of fiduciary duty; (ii) negligence; (iii) breach of contract; (iv) fraud; and (v) violation of industry rules. From May 2021 to May 2022, claimant’s assets were invested in three types of securities intended to be held for the long-term: a goldman sachs high yield municipal bond mutual fund; equity linked notes with maturities ranging from 5-7 years; and long-term options (leaps). During the substantial market volatility in 2022, value of claimant’s investment portfolio decreased and claimant did not hold securities through to maturity. At claimant’s direction, the positions were liquidated at a substantial loss.

Broker James Viktora in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Viktora (Viktora), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Viktora recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on April 24, 2023.

Power of Attorney for deceased customer alleges failure to follow instructions and unauthorized transfer of account in November 2022.

Broker Allen Short in Morgan Stanley Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 24, 2023.

Client alleges investment strategy to diversify concentrated stock positions was misrepresented with respect to tax consequences. 2022