Securities Lawyers Blog

There are Recent Customer Complaints with Broker Douglas Licari in Firm MML Investors Services, LLC

August 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Licari (Licari), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Licari 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 24, 2025.

The complainant alleges that in 2013, the rep recommended certain alternative investments, which have since lost money, and which were not good investments.

There are Recent Customer Complaints with Broker Richard Ciraco in Firm J.P. Morgan Securities LLC

August 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Ciraco (Ciraco), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ciraco 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 $450,000.00 on June 26, 2025.

Customer alleges poor advice and unsuitable recommendation regarding 529 and margin accounts. Activity dates 2015 to January 2025.

There are Recent Customer Complaints with Broker John Rabulan in Firm Nylife Securities LLC

August 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on September 06, 2023.

Respondent Rabulan failed to respond to FINRA request for information.

There are Recent Customer Complaints with Broker Johnathan Hagood in Firm Wells Fargo Clearing Services, LLC

August 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Johnathan Hagood (Hagood), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one regulatory event, alleging that Hagood recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on October 03, 2023.

Respondent Hagood failed to respond to FINRA requests for information.

Broker Richard Webb in Park Avenue Securities LLC Firm Has Customer Complaint

August 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 15, 2023.

Respondent Webb failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Louis Pellegriti in Firm Spartan Capital Securities, LLC

August 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on September 12, 2023.

Respondent Pellegriti failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker Albert Foronda in Spartan Capital Securities, LLC Firm Has Customer Complaint

August 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 31, 2023.

Respondent Foronda failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

There are Recent Customer Complaints with Broker Adam Phillipich in Firm Cambridge Investment Research, INC.

August 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Phillipich (Phillipich), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Phillipich 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 October 02, 2023.

Customers alleged RR recommended unsuitable variable annuity products which customers purchased in 2010 and 2011.

There are Recent Customer Complaints with Broker Patrick Cavanagh in Firm Spartan Capital Securities, LLC

August 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on September 12, 2023.

Respondent Cavanagh failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker Kevin Springstead in Craft Capital Management LLC Firm Has Customer Complaint

August 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on September 12, 2023.

Respondent Springstead failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.