Securities Lawyers Blog

Broker Caleb Brasel in Fidelity Brokerage Services LLC Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Caleb Brasel (Brasel), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brasel 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 $17,000.00 on June 16, 2025.

Customer alleged that the registered representative made an unsuitable recommendation to establish a managed account .

Broker James Hedgspeth in Morgan Stanley Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Hedgspeth (Hedgspeth), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Hedgspeth 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 $14,435.00 on June 20, 2025.

Customer alleges that registered representative liquidated assets without customer authorization and failed to disclose the corresponding tax implications.

Broker Alex Johnson in Piper Sandler & CO. Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alex Johnson (Johnson), currently associated with Piper Sandler & CO., 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 pending customer complaint with a damage request of $9,100,000.00 on June 18, 2025.

The claim alleges that an error occurred in June 2023 leading to the sale of shares that were not fully vested and therefore subject to restrictions on transfer. The stock price subsequently increased. The customer asserts that he would have been able to sell the shares at the higher price if he had not sold previously.

There are Recent Customer Complaints with Broker Youssef Zohny in Firm Morgan Stanley

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Youssef Zohny (Zohny), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Zohny 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 $4,500,000.00 on June 17, 2025.

Claimants allege, inter alia, that the investment strategy implemented in their managed accounts was not what they had agreed to when they had discussed their investment goals and asset allocation June 2024 – April 2025

Broker Jeffrey Larson in Arete Wealth Management, LLC Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Larson (Larson), previously associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Larson 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 $800,000.00 on June 23, 2025.

Clients allege registered representative sold an unsuitable investment.

There are Recent Customer Complaints with Broker Michael Spohn in Firm Hilltop Securities INC.

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Spohn (Spohn), currently associated with Hilltop Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Spohn 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 $44,961.27 on June 23, 2025.

Claimant alleges misrepresentation with respect to the solicitation of a Collateral Mortgage Obligation.

Broker Leo Chien in Cetera Investment Services LLC Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leo Chien (Chien), previously associated with Cetera Investment Services LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Chien recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on June 16, 2025.

Client alleges the representative told her the northstar healthcare income reit offered principal protection and a high interest rate. When she sold she received $9,090.00 from a purchase amount of $30,000.00.

There are Recent Customer Complaints with Broker Michael Graham in Firm LPL Financial LLC

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Graham (Graham), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Graham 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 $300,000.00 on June 16, 2025.

Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.

Broker David Geake in American Trust Investment Services, INC. Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Geake (Geake), previously associated with American Trust Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Geake 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 16, 2025.

Breach of fiduciary duty, reg bi, negligence

Broker Jay Hershey in Piper Sandler & CO. Firm Has Customer Complaint

August 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jay Hershey (Hershey), currently associated with Piper Sandler & CO., has at least one disclosable event. These events include one customer complaint, alleging that Hershey 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 $9,100,000.00 on June 18, 2025.

The claim alleges that an error occurred in June 2023 leading to the sale of shares that were not fully vested and therefore subject to restrictions on transfer. The stock price subsequently increased. The customer asserts that he would have been able to sell the shares at the higher price if he had not sold previously.