Securities Lawyers Blog

There are Recent Customer Complaints with Broker Archibald Mcmichael in Firm Avantax Investment Services, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Archibald Mcmichael (Mcmichael), currently associated with Avantax Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mcmichael 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 $105,000.00 on June 27, 2023.

The rep is the subject of, but not a party to, the arbitration. Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, the client is alleging insufficient due diligence, violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law, breach of contract, common law fraud, breach of fiduciary duty, and negligence.

There are Recent Customer Complaints with Broker Grant Birkley in Firm Sagepoint Financial, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Grant Birkley (Birkley), previously associated with Sagepoint Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Birkley 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 $1,600,000.00 on June 23, 2023.

Rep is alleged to have aided and participated in client purchase of unapproved investment

Broker Ajay Verma in Ameriprise Financial Services, LLC Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ajay Verma (Verma), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Verma 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 $125,000.00 on June 27, 2023.

Claimant alleges that in about November 2020, she was improperly recommended she exchange her RVS Life RAVA 4 Advantage Variable Annuity for a RVS Life RAVA 5 Advantage Variable Annuity.

There are Recent Customer Complaints with Broker John Abrams in Firm Equitable Advisors, LLC

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Abrams (Abrams), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Abrams 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 $18,395.49 on June 23, 2023.

Customer alleged the RR did not advise them of surrender charges negatively impacting their new variable annuity investment.

There are Recent Customer Complaints with Broker Bret Schaefer in Firm Landolt Securities, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bret Schaefer (Schaefer), currently associated with Landolt Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Schaefer 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 $53,114.00 on June 15, 2023.

Customer complains variable annuity purchased in 2021 was unsuitable.

There are Recent Customer Complaints with Broker Robert Anderson in Firm Raymond James Financial Services, INC.

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Anderson (Anderson), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Anderson 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 $956,794.23 on June 16, 2023.

Current trustee for former trust client alleges former trustee did not have authority to appoint successor trustee and FA and RJA should have known this; FA made unsuitable recommendations and poorly managed the trust’s investments; and the trust was charged excessive fees.

Broker Jon Lee in American Global Wealth Management, INC. Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jon Lee (Lee), currently associated with American Global Wealth Management, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lee 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 $31,975.00 on June 23, 2023.

Customer requested a simple IRA to ROTH IRA conversion on 12/27/2021. The IAR submitted the request to the custodian. The custodian said that they would try to complete the customer’s request before the end of the year 2021. In the first week of January, the custodian informed the IAR that they needed additional paperwork to complete the transaction. The IAR attempted to contact the customer, however the customer was on vacation. The transfer paperwork was completed on 1/7/2022 resulting in an unexpected tax liability for the customer in the wrong year.\, \, The customer filed a complaint stating that the IAR was at fault for submitting the IRA conversion paperwork late, resulting in the customer having to pay an additional $31,975 in taxes.

Broker Bryan Musso in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bryan Musso (Musso), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Musso 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 $187,826.00 on June 23, 2023.

Breach of fidicuary duty and inappropriate investments

There are Recent Customer Complaints with Broker Bruce Boyle in Firm Thinkequity LLC

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bruce Boyle (Boyle), currently associated with Thinkequity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Boyle 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 June 22, 2023.

Negligence, unsuitability, fraudulent misrepresentations and omissions, securities fraud, breach of duty, breach of contract

There are Recent Customer Complaints with Broker Thomas Diamante in Firm Sw Financial

August 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Diamante (Diamante), previously associated with Sw Financial, has at least 3 disclosable events. These events include 2 customer complaints, one regulatory event, alleging that Diamante 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 June 22, 2023.

Diamante was named in a customer complaint that asserted the following causes of action: negligence, unsuitability, fraudulent misrepresentations and omissions, securities fraud, common law fraud, breach of fiduciary duty, and breach of contract.