Securities Lawyers Blog

There are Recent Customer Complaints with Broker Vincent Camarda in Firm IBN Financial Services, INC.

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Camarda (Camarda), previously associated with IBN Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Camarda 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 $200,000.00 on June 12, 2025.

Investment recommendation in promissory note is alleged to have been inappropriately made.

There are Recent Customer Complaints with Broker Minesh Shah in Firm Equitable Advisors, LLC

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Minesh Shah (Shah), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shah 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 $5,000.00 on May 21, 2025.

Client alleges the RR made misrepresentations in connection with a variable life insurance policy purchased in 1996.

There are Recent Customer Complaints with Broker Duncan Maceachern in Firm LPL Financial LLC

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Duncan Maceachern (Maceachern), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Maceachern 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 $200,000.00 on June 23, 2025.

The customer alleges that, the Registered Representative recommended unsuitable, high-risk, illiquid investments. No specific dates for the alleged activity were identified in the Statement of Claim.

Broker Kenneth Angelo in UBS Financial Services INC. Firm Has Customer Complaint

August 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 27, 2025.

Allegations as stated by Claimant: Time frame: Unspecified\, Allegations: Claimant alleges unsuitable investment advice, heavy concentration in municipal bonds, and recommended margin loan.

There are Recent Customer Complaints with Broker Daniel Lerner in Firm David Lerner Associates, INC.

August 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on May 20, 2025.

Without admitting or denying the findings, Lerner consented to the sanctions and to the entry of findings that he recommended that a customer invest in an illiquid, proprietary limited partnership without having a reasonable basis to believe that the investment was suitable for the customer based on her investment profile. The findings stated that the customer was a 92-year-old retiree when Lerner recommended that she purchase $60,000 of the limited partnership. Prior to this recommendation, the customer’s risk tolerance was listed as moderate on her investment profile. As a result of Lerner’s recommendation, the customer invested approximately 25 percent of her liquid net worth in the limited partnership.

There are Recent Customer Complaints with Broker Kenneth Goldhoff in Firm UBS Financial Services INC.

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Goldhoff (Goldhoff), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Goldhoff 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 $3,233,690.00 on May 23, 2025.

Time frame: November 2013 to December 2017\, Allegations: Claimant’s Counsel alleges that investments made in municipal bonds were more appropriate for individuals in a high tax bracket and not the claimant who was in a low tax bracket and that the bonds were likely not suitable nor in her best interest. Counsel further alleges that transactions were allowed in the client’s Trust assets without proper authorization.

There are Recent Customer Complaints with Broker Douglas Campbell in Firm LPL Financial LLC

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Campbell (Campbell), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Campbell 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 $250,000.00 on June 03, 2025.

Client alleges investment adviser representative was negligent and breached his fiduciary duty in 2019-2020 after purchasing a position that subsequently declined in value.

Broker William Hancock in Osaic Wealth, INC. Firm Has Customer Complaint

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Hancock (Hancock), previously associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hancock 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 $180,000.00 on May 28, 2025.

Claimants allege the unsuitable recommendation and sale of variable annuities.

There are Recent Customer Complaints with Broker Sanford Simmons in Firm Saxony Securities, INC.

August 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sanford Simmons (Simmons), previously associated with Saxony Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Simmons 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 $1,000,000.00 on June 17, 2025.

Claimants allege that Sanford Simmons, in his capacity as a registered representative, made unsuitable, high-risk recommendations for their 1031 exchange investment needs causing .

There are Recent Customer Complaints with Broker Phillip Anderson in Firm Kingswood Capital Partners, LLC

August 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on May 13, 2025.

Without admitting or denying the findings, Anderson consented to the sanctions and to the entry of findings that he made recommendations to senior retail customers that were unsuitable based on the customers’ investment profiles by recommending that that they invest in speculative, unrated corporate bonds. The findings stated that Anderson’s recommendations to the customers resulted in at least 96 percent and 35 percent of their respective net worth, not including primary residence, being invested in the bonds. Anderson earned a total of $8,280 in commissions in connection with these recommendations. A customer and a beneficiary of the other customer each brought and settled an arbitration against Anderson’s member firm relating to the bond investments.