Securities Lawyers Blog

Broker Thomas Duggan in Aegis Capital Corp. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Duggan (Duggan), previously associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Duggan 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 $360,000.00 on May 29, 2025.

Time frame: 2018. Claimant alleges unsuitable investment, breach of fiduciary duty, misrepresentation, breach of contract.

Broker Brian Graham in Cetera Advisor Networks LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Graham (Graham), previously associated with Cetera Advisor Networks 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 $250,000.00 on June 05, 2025.

Claimant alleges that representative made unauthorized ATM withdrawals

There are Recent Customer Complaints with Broker Jay Hershey in Firm Piper Sandler & CO.

August 5, 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.

Broker Thomas Jenkins in UBS Financial Services INC. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Jenkins (Jenkins), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Jenkins 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 $4,100,000.00 on June 20, 2025.

Time frame: 2022-2023\, Claimants allege negligence and breach of fiduciary duty by the purported failure of the advisor to timely follow Claimant’s instructions to timely transfer Claimants’ assets to certain trusts, allegedly resulting in tax liabilities.

Broker Vasilios Takos in Dominari Securities LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vasilios Takos (Takos), currently associated with Dominari Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Takos 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 28, 2025.

A former customer of Registered Representative alleges damages arising from Registered Representative’s ‘unsuitable investment advice, misrepresentation and breach of FINRA rules and obligations in relation to [his] investment’.

There are Recent Customer Complaints with Broker Michael Schiavello in Firm Dominari Securities LLC

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Schiavello (Schiavello), currently associated with Dominari Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Schiavello 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 28, 2025.

A former customer of Registered Representative alleges damages arising from Registered Representative’s ‘unsuitable investment advice, misrepresentation and breach of FINRA rules and obligations in relation to [his] investment’.

There are Recent Customer Complaints with Broker Mark Zorn in Firm Cetera Advisor Networks LLC

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Zorn (Zorn), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zorn 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 17, 2025.

Claimants allege Respondent recommended an unsuitable product.

Broker Gary Paul in LPL Financial LLC Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 08, 2025.

Claimant alleges breach of fiduciary duty, negligence, failure to supervise, violation of FINRA Rules and industry standards as the result of a withdrawal made on November 1, 2024.

Broker William Morris in Cape Securities INC. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Morris (Morris), currently associated with Cape Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Morris 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 June 23, 2025.

The Claimant alleges that she made investments in GWG Holdings, Inc. (“GWG”) L Bonds at the recommendation of William Morris, a registered representative at Cape Securities. On February 5, 2021, she invested $100,000 in 2-year L Bonds and on March 9, 2021, she invested $50,000 in 3-year L Bonds and $50,000 in 7-year L Bonds. Just over a year after her investments, GWG filed for bankruptcy on April 20, 2022. The Claimant alleges that she has suffered a loss and has been damaged by the recommendation made by Mr. Morris.

Broker Steven Shemirani in UBS Financial Services INC. Firm Has Customer Complaint

August 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 28, 2025.

Time Frame: January 21st, 2025 to May 28th, 2025\, \, What were the allegations against the individual? The client’s son who is the beneficiary alleges that his mother was placed in a strategy that was inconsistent with both her stated profile and personal circumstance. The beneficiary further alleges the strategy was unsuitable for an elderly unsophisticated investor.