Securities Lawyers Blog

There are Recent Customer Complaints with Broker Kultar Bindra in Firm LPL Financial LLC

August 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 05, 2025.

Clients allege they informed FA they would need invested funds in 2025, and believed they were purchasing a product which would mature as expected in 2025. In March 2025, clients indicated they learned investment did not mature until 2029 which they allege was not disclosed.

Broker Gerald Scott in Raymond James (usa) Ltd. Firm Has Customer Complaint

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerald Scott (Scott), currently associated with Raymond James (usa) Ltd., has at least one disclosable event. These events include one customer complaint, alleging that Scott 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 $113,042.59 on December 27, 2024.

Client requested refund of difference between interest paid on margin loan and securities-based line of credit he should have received.

There are Recent Customer Complaints with Broker Jaime Sanchez Rivera in Firm First Southern Securities, LLC.

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jaime Sanchez Rivera (Sanchez Rivera), previously associated with First Southern Securities, LLC., has at least one disclosable event. These events include one customer complaint, alleging that Sanchez Rivera 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 $250,000.00 on December 02, 2024.

The Broker falsified documents that he provided the customer reflecting he had ownership in a fund. This was to make up for losses he occured at the brokers prior firm.

Broker Chi Mak in Td Private Client Wealth LLC Firm Has Customer Complaint

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chi Mak (Mak), currently associated with Td Private Client Wealth LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Mak 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 $200,000.00 on December 06, 2024.

Respondents took advantage of Claimant’s lack of sophistication and understanding, and sold Claimant high-commission, complex, long-term, and risky alternative investments.

Broker Amy Zwaan in Alexander Capital, L.p. Firm Has Customer Complaint

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Amy Zwaan (Zwaan), currently associated with Alexander Capital, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Zwaan 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 $80,000.00 on February 11, 2025.

Customer alleges misrepresentation and mishandling of an annuity and the expected income. Unknown time frame.

Broker Jon Heischman in Independence Capital Co., INC. Firm Has Customer Complaint

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jon Heischman (Heischman), currently associated with Independence Capital Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Heischman 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 $157,000.00 on February 05, 2025.

Ivestment was not suitable

Broker Thomas Wittkopf in LPL Financial LLC Firm Has Customer Complaint

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Wittkopf (Wittkopf), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wittkopf 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 $11,387.00 on February 18, 2025.

The client alleged that Mr. Wittkopf acted inappropriately by selling three equities and investing the proceeds in a diversified managed account at LPL Financial, LLC. The client claimed to have insufficient knowledge of the transaction and was not prepared for the tax implication of the stock sale.

Broker Damian Baird in Moors & Cabot, INC. Firm Has Customer Complaint

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Damian Baird (Baird), previously associated with Moors & Cabot, INC., has at least one disclosable event. These events include one customer complaint, alleging that Baird 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 $93,503.00 on February 24, 2025.

Client claims he sent 3 checks to Damian Baird in the amount of $93,503. Client alleges the checks were not deposited to the firm and Mr. Baird added his name as a payee to checks and deposited them in his personal bank account

There are Recent Customer Complaints with Broker William Coffey in Firm Wells Fargo Clearing Services, LLC

August 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 21, 2024.

Client verbally claimed they received poor advice related to exercising a rider on an annuity contract purchased in 2004, resulting in the loss of the rider’s provision for an income stream. (5/18/2023 – 11/21/2024)

There are Recent Customer Complaints with Broker Michael Davis in Firm Money Concepts Capital CORP

August 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Davis (Davis), currently associated with Money Concepts Capital CORP, has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $112,000.00 on October 25, 2024.

Firm became aware of the allegations on 2/2/2023. The customer alleges her accounts lost 50K and felt the RR should be responsible for 25K. Upon review, the firm learned three accounts were established: Two were invested with professional money managers, and the customer’s time horizon for those investments was 5 or more years. A third account was established and invested solely in a money market. This third account had cash management services such as debit cards and checking privileges for any unanticipated (emergency) needs. The customer made numerous withdrawals which decreased the cash balance in the money market, then periodically instructed the RR to journal funds from the two investment accounts meant to be long-term investments. The firm determined the decreases were due to the customer’s withdrawal activity coupled with market conditions. 10/25/2024 Customer alleges Breach of Contract, Breach of Fiduciary Duty, and Demand for Payment of Advisory fees. Customer hired an attorney and that the firm received a demand letter on 10/25.