Securities Lawyers Blog

Broker Roberta Hunter in Wells Fargo Advisors Financial Network, LLC Firm Has Customer Complaint

August 19, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 20, 2026.

Client/Trustee complained that they were not advised about tax liability on capital gains realized when the Financial Advisor repositioned their discretionary account. Client seeks reduction in advisory fee to compensate for taxes paid on gains. (1/22/2025 – 5/20/2026)

There are Recent Customer Complaints with Broker Dwain Phelps in Firm Arete Wealth Management, LLC

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dwain Phelps (Phelps), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Phelps 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 $59,000.00 on May 19, 2026.

Client alleges that Mr. Phelps, acting as an insurance agent, sold an overconcentration of illiquid fixed annuities and created a tax burden upon a recommendation of a withdrawal.

Broker Edward Fernandez in Capulent LLC Firm Has Customer Complaint

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Fernandez (Fernandez), currently associated with Capulent LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fernandez 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 $292,134.00 on May 21, 2026.

Claimants allege that an investment in the Vintage DSTs sponsored by Versity Investments LLC (aka Crew) was unsuitable for their 1031 Exchange investment.

There are Recent Customer Complaints with Broker Todd Cohen in Firm Aegis Capital Corp.

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Cohen (Cohen), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Cohen 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 May 20, 2026.

Time frame: unspecified. Claimant alleges unsuitable recommendation, breach of fiduciary duty, and misrepresentation.

There are Recent Customer Complaints with Broker Garrick Montenegro in Firm UBS Financial Services INC.

August 19, 2026 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Garrick Montenegro (Montenegro) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Montenegro was employed by UBS Financial Services INC. at the time of the activity. If you have been a victim of Montenegro’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,500,000.00 on May 27, 2026.

Llegations as stated by Claimant: Claimants allege FA Montenegro\\u2019s partner engaged in a fraudulent selling away scheme and that FA Montenegro should have been aware of the scheme. Claimants further allege that their UBS advisory accounts were reverse-churned with the investments remaining unchanged for several years. One Claimant also alleges he was recommended an unsuitable and inappropriate securities backed loan. \, \, Time frame: 2010-2025\,

There are Recent Customer Complaints with Broker Susan Barber in Firm Equitable Advisors, LLC

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Susan Barber (Barber), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Barber 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 26, 2026.

Client alleges unsuitability and misrepresentation by the RR in connection with an annuity purchased in 2024.

Broker Matt Ward in A.g.p. / Alliance Global Partners Firm Has Customer Complaint

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matt Ward (Ward), currently associated with A.g.p. / Alliance Global Partners, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Ward 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 $499,999.00 on May 22, 2026.

Breach of fiduciary duty

There are Recent Customer Complaints with Broker David Abercrombie in Firm LPL Financial LLC

August 19, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 22, 2026.

Customer requesting review of annuity purchases for best interest considerations.

There are Recent Customer Complaints with Broker David Waal in Firm Emerson Equity LLC

August 19, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Waal (Waal), currently associated with Emerson Equity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Waal 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 $1,100,000.00 on May 19, 2026.

Compensatory Damages, breach of written contract pursuant to customer agreements, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of FINRA rules, violation of the state Securities Act and federal securities laws, violation of Regulation Best Interest obligations (Reg BI).\\tInvestment purchased 02/2023\\t\\t\\t\\t\\t\\t\\t\\t\\t\\t\\t\\t\\t\\t\\t\,

There are Recent Customer Complaints with Broker Patrick Miller in Firm Nylife Securities LLC

August 19, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 21, 2026.

The customer alleges that the Variable Annuity policy he purchased in September 2025 was not fully understood including the applicable surrender charges.