Securities Lawyers Blog

Broker Louie Ucciferri in Camden Financial Services / Edgeline Capital, LLC. / Lightpath Capital, Inc Firm Has Customer Complaint

September 2, 2025 | by Staff Attorney

Currently financial advisor Louie Ucciferri (Ucciferri), currently employed by brokerage firm Camden Financial Services / Edgeline Capital, LLC. / Lightpath Capital, Inc has been subject to at least 2 disclosable events. These events include 2 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $696,494.19 on May 19, 2023.

Claimants collectively invested $697,474.19 in real estate private placement between November 2019 and February 2020 which failed due to the due to the unforeseen and unprecedented impact of the COVID pandemic on the student housing sector and the sponsor’s failure to repay the bridge equity it borrowed to acquire the property, which was discovered in December 2021, and ultimately resulted in a forced sale of the property. Claimants filed an arbitration alleging violation of federal securities laws, violation of California securities laws, California unfair, unlawful, and fraudulent business practices, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence. The firm denies all allegations. Additionally, the firm aggressively facilitated litigation for the benefit of investors to recover losses for investors which resulted in a favorable settlement with the sponsor and a jury award against the bridge equity lender and investors have already received a partial return of their initial investment.

There are Recent Customer Complaints with Broker Steven Thompson in Firm Network 1 Financial Securities INC.

September 1, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Steven Thompson (Thompson), previously associated with Network 1 Financial Securities INC., has been subject to at least one disclosable event. These events include one regulatory event. Several of those complaints against Thompson concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a final customer complaint on May 30, 2023.

Respondent Thompson failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Sterling Hirsch in Firm Infinity Financial Services

September 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on May 24, 2023.

The California Insurance Commissioner alleges grounds to suspend or revoke licenses and licensing rights. The allegations include ignored suitability, inducing a client to make a loan, and bounced loan repayments.

Broker Steven Hill in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

September 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 30, 2023.

Claimants allege in 2019 their Financial Advisor (FA) misrepresented unsuitable investments in order to generate higher commissions.

There are Recent Customer Complaints with Broker Robin Schultz in Firm Moloney Securities Co., INC.

September 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robin Schultz (Schultz), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Schultz 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 $149,000.00 on May 22, 2023.

Suitability/negligence. 2020-2021

Broker Daisy Feng in UBS Financial Services INC. Firm Has Customer Complaint

September 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 30, 2023.

Time Frame: October 4th 2021 to May 30th 2023\, \, What were the allegations against the individual? The Trustee alleges the Financial Advisor did not give him prior notice before buying the Equity. The alleged damages are estimated to be in excess of $5,000.00.

There are Recent Customer Complaints with Broker Jeffrey Johnson in Firm Ameriprise Financial Services, LLC

September 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Johnson (Johnson), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 $41,413.47 on May 24, 2023.

The clients allege their Dollar Cost Averaging (DCA) arrangement inactivated in 2016 in error, resulting in their Indexed Universal Life (IUL) policies being underfunded as their cash value remained in the fixed account. In addition, one client alleged that there was also a missed premium payment of $42,000 in August of 2016.

Broker Jeffrey Meyer in Edward Jones Firm Has Customer Complaint

September 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Meyer (Meyer), previously associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Meyer 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 26, 2023.

Claimants are the trustee and beneficiary of the client’s irrevocable trust. Claimants allege Respondents executed securities transactions and sent funds to the client without the authorization of the trustee purportedly preventing the client from qualifying for Medicaid benefits.

There are Recent Customer Complaints with Broker Clifford Shirah in Firm Cabot Lodge Securities LLC

September 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Clifford Shirah (Shirah), currently associated with Cabot Lodge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shirah 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 $49,000.00 on May 26, 2023.

Per U5 submission, “Client alleges registered representative recommended unsuitable investment.”

Broker Alexander Callahan in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

September 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 30, 2023.

Customer alleges misrepresentation, unsuitable investment recommendations and failure to act in customers best interest regarding investment strategies from September 2021 to March 2023.