Securities Lawyers Blog

Broker Colleen Schuhmann in UBS Financial Services INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 14, 2023.

Time Frame: March 24th, 2022 to April 25th, 2022\, \, What were the allegations against the individual? The client alleges the Financial Advisor failed to enter trades as instructed. The alleged damages are estimated to be in excess of $5000.00.

Broker Jeffre Reininger in B.b. Graham & Company, INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 17, 2023.

No product. Alleged failure to disclose tax consequences of inherited IRA withdrawal.

Broker Michael Puma in Oppenheimer & CO. INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 17, 2023.

Claimants assert claims for breach of fiduciary duty, fraud, negligence, breach of contract, unsuitability and churning in connection with use of margin and trading in their accounts. From 2016-2019.

Broker Douglas Smith in Edward Jones Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Smith (Smith), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $8,000.00 on May 27, 2024.

The client alleges she did not authorize the liquidation of her entire account to move to a different managed account platform.

Broker Benjamin Davis in Oppenheimer & CO. INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Benjamin Davis (Davis), currently associated with Oppenheimer & CO. INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Davis concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on July 17, 2023.

Claimants assert claims for breach of fiduciary duty, fraud, negligence, breach of contract, unsuitability and churning in connection with use of margin and trading in their accounts. From 2016-2019.

Broker Darren Kubiak in Kalos Capital, INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on July 27, 2023.

Kubiak was named a respondent in a FINRA complaint alleging that he failed to appear for on-the-record testimony requested by FINRA in connection with its investigation into the suitability of Kubiak’s recommendations to at least ten of his customers, two of which were seniors, to invest in limited partnerships. The complaint alleges that Kubiak’s testimony was material to FINRA’s investigation and was necessary to complete its investigation. Failing to appear for testimony has impeded FINRA’s investigation into Kubiak’s conduct.

Broker Edward Turrisi in Key Investment Services LLC Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Turrisi (Turrisi), currently associated with Key Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Turrisi 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 $14,038.60 on May 12, 2025.

Client alleged that they did not sign all documents that initiated the brokerage account opening and subsequent annuity purchase. Upon internal investigation of the client’s signatures, documentation, and review of events there did not appear to be any inconsistencies noted and we did not uncover any merit to the claim.

Broker Ivor Thomas in Edward Jones Firm Has Customer Complaint

August 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 24, 2024.

The client alleges that since 2018, the Financial Advisor advised them to make Roth contributions despite their eligibility limitations based upon their income.

There are Recent Customer Complaints with Broker Aaron Liu in Firm Morgan Stanley

August 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 12, 2025.

CLIENT ALLEGES MISREPRESENATION WITH RESPECT TO INVESTMENT STRATEGY IMPLEMENTED IN HER ACCOUNT

There are Recent Customer Complaints with Broker Joseph Spina in Firm Osaic Wealth, INC.

August 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Spina (Spina), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Spina 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 $750,000.00 on October 17, 2024.

Clients allege that equities were purchased and sold against their objectives and risk tolerance.