Securities Lawyers Blog

There are Recent Customer Complaints with Broker Darryl Hall in Firm LPL Financial LLC

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Darryl Hall (Hall), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hall 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 $119,976.00 on May 03, 2023.

The clients alleged that recommendations in 2014 to purchase a VA and life insurance were not suitable based on low performance.

Broker Luis Rodriguez in Private Portfolio, INC. Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luis Rodriguez (Rodriguez), currently associated with Private Portfolio, INC., 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 $50,000.00 on May 10, 2023.

In January 2022, customer bought shares and held them in her account, with several subsequent buys and sells. In May 2023, customer initiated a verbal complaint alleging that she did not authorize the initial purchase on January 6, 2022. The matter was resolved to the satisfaction of both parties, with a final settlement in July 2023.

Broker Dylan Shepherd in Wells Fargo Clearing 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 Dylan Shepherd (Shepherd), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shepherd 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 May 10, 2023.

Claimant alleges the advisor recommended an unsuitable Oil & Gas investment.

There are Recent Customer Complaints with Broker Ernie Kloock in Firm UBS Financial Services INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ernie Kloock (Kloock), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Kloock 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 $206,000.00 on May 02, 2023.

Time frame: 2021-2023 \, Claimant’s Counsel alleges that the recommendations to purchase and overconcentrate the clients’ accounts in preferred stock were unsuitable. Counsel further alleges the risks associated with preferred stock were not explained, the clients instructions to sell the stock were refused as well as other instructions given by the client were not followed.

There are Recent Customer Complaints with Broker Troy Talamelli in Firm Ally Invest Securities LLC

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Troy Talamelli (Talamelli), currently associated with Ally Invest Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Talamelli 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 $7,500.00 on May 04, 2023.

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 Frank Gusmano in Firm Osaic Wealth, INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Gusmano (Gusmano), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gusmano 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 $25,000.00 on May 10, 2023.

Claimant alleges the advisor recommended an unsuitable Oil & Gas investment.

There are Recent Customer Complaints with Broker Andrew Horowitz in Firm Osaic Wealth, INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Horowitz (Horowitz), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Horowitz 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 $50,000.00 on May 10, 2023.

Claimants allege the advisor recommended an unsuitable Oil & Gas investment.

There are Recent Customer Complaints with Broker Herman Hague in Firm PFS Investments INC.

September 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 28, 2023.

The customer alleges that in 2005, rep failed to advise her a beneficiary ira was required to be withdrawn over a 10-year period causing her incur increased tax liability in 2022 when the ira was distributed.

There are Recent Customer Complaints with Broker Bob Bassari in Firm Great Point Capital LLC

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bob Bassari (Bassari), previously associated with Great Point Capital LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Bassari 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 $25,000.00 on April 24, 2023.

Claimant bought a bond issued by GWG in the amount of 25,000 in 2017. In their Claim they alleged the recommendation was contrary to their investment objectives and best interest. Claims are common law negligence, negligent misrepresentation and omission, unsuitability, breach of fiduciary duty, breach of contract, control person liability, and the failure to supervise, in violation of Illinois Securities Statutes, FINRA Rules, and applicable common law.

There are Recent Customer Complaints with Broker James Schrack in Firm Center Street Securities, INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Schrack (Schrack), previously associated with Center Street Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Schrack 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 $995,000.00 on May 01, 2023.

Client alleges registered representative recommended an unsuitable investment.