Securities Lawyers Blog

There are Recent Customer Complaints with Broker John Hebner in Firm Moloney Securities Co., INC.

July 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Hebner (Hebner), previously associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Hebner 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 $25,000.00 on June 25, 2025.

Suitability/negligence. 2020-2022.

There are Recent Customer Complaints with Broker Tony Barouti in Firm Emerson Equity LLC

July 31, 2025 | by Staff Attorney

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

Breach of fiduciary duty; negligence and negligent misrepresentation; breach of contract; overconcentration; failure to supervise; Violation of Regulation Best Interest. Investments made around 02/2020 and 1/2021

There are Recent Customer Complaints with Broker Lawrence Cagliostro in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

July 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Cagliostro (Cagliostro), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Cagliostro 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 $500,000.00 on June 26, 2025.

Client alleges unsuitability and misrepresentation.

Broker Benjamin Silberman in Ameriprise Financial Services, LLC Firm Has Customer Complaint

July 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Silberman (Silberman), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Silberman 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 $60,000.00 on June 25, 2025.

Claimant alleges that she sustained losses because Respondent “twisted” annuity products without sufficient explanation.

Broker James Ptacek in LPL Financial LLC Firm Has Customer Complaint

July 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Ptacek (Ptacek), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ptacek 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 $100,000.00 on June 24, 2025.

Customer alleges that an investment made in 2018 was unsuitable for the customer’s investment objectives and risk tolerance.

There are Recent Customer Complaints with Broker Marc Jacobson in Firm Aegis Capital Corp.

July 31, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on June 26, 2025.

Time frame: May 2023. Client alleges poor recommendation, poor advice.

Broker Richard Ciraco in J.P. Morgan Securities LLC Firm Has Customer Complaint

July 31, 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 Kyle Friedrich in Firm Edward Jones

July 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kyle Friedrich (Friedrich), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Friedrich 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 July 09, 2025.

Client alleges that financial advisor stole $112,000 from her account.

There are Recent Customer Complaints with Broker Adam Srmek in Firm Ameriprise Financial Services, LLC

July 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Srmek (Srmek), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Srmek 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 $32,000.00 on June 27, 2025.

Client alleged that his former advisors liquidated assets in 2024, without the client’s authorization, for the purpose of purchasing an annuity. In addition, the client alleged that the tax ramifications of the liquidating trades in question generated $153,315.13 in capital gains ($104,126.91 long-term and $49,188.22 short-term) which were not disclosed.

Broker David Bains in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

July 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 02, 2025.

Claimant alleges that in March 2024; the FA made an unsuitable purchase of an annuity.