Securities Lawyers Blog

Broker Peter Viglione in Network 1 Financial Securities INC. Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Peter Viglione (Viglione), currently associated with Network 1 Financial Securities INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Viglione concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $334,000.00 on October 26, 2022.

Client alleges excessive trading, excessive commissions and unauthorized trading from 2015-2018

Broker Charles Johnson in Mutual Securities, INC. Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Johnson (Johnson), previously associated with Mutual Securities, INC., 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 $250,000.00 on October 31, 2022.

Plaintiff alleges the following: fraud, breach of fiduciary duty, unauthorized practice of law, and intentional interference. Summary of events leading to allegations: In the course of providing advisory services to the client in 2021, the advisor and client discussed the client’s wishes regarding his estate, including transfer-on-death/payable-on-death instructions, beneficiary designations, and the creation of a trust. In the summer of 2021, the client provided updated beneficiary instructions and the advisor forwarded relevant information to an attorney for creation of estate documents to achieve the stated desires of the client. The client died in November 2021.

Broker James Davis in Ifp Securities, LLC Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Davis (Davis), currently associated with Ifp Securities, LLC, 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 settled customer complaint with a damage request of $100,000.00 on October 25, 2022.

Customer filed a FINRA arbitration claim received by the firm on Oct 25, 2022. The claim alleges breaches of state law, fiduciary duty, contract law and a general failure to disclose risk parameters surrounding an investment in a GWG “L Bonds”. The subject investment at issue has filed for Federal Bankruptcy protection under Chapter 11 (re-organization). Internal investigation of facts surrounding allegations was completed on approximately Dec 12th 2022, noting that the term of the bond(s) in question and associated risks were appropriately reflected in person and via documentation provided to the client. Customer requests recission of investment(s) (100K) and compensatory damages. Ascertainment of alleged actual damages is impossible until Chapter 11 proceedings are completed.

There are Recent Customer Complaints with Broker Everett Ellis in Firm Ameriprise Financial Services, LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Everett Ellis (Ellis), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ellis 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 $5,000.00 on October 25, 2022.

Customers allege they were told they could not lose money when investing in a variable annuity in October of 2017.

There are Recent Customer Complaints with Broker Darren Daye in Firm Equitable Advisors, LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Darren Daye (Daye), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Daye 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 $130,000.00 on October 26, 2022.

Suitability in GWG Holdings L Bonds and preferred stock and GPB Waste Management, LP. October 2017to June 2018.

There are Recent Customer Complaints with Broker Ronald Birnbaum in Firm Advisory Group Equity Services Ltd.

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Birnbaum (Birnbaum), previously associated with Advisory Group Equity Services Ltd., has at least one disclosable event. These events include one customer complaint, alleging that Birnbaum 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 $455,453.83 on October 24, 2022.

Client, through their attorneys, asserts statutory and common-law claims for alleged unsuitable investments resulting in investment losses.

There are Recent Customer Complaints with Broker Theodore Hawrylak in Firm Nylife Securities LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Theodore Hawrylak (Hawrylak), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hawrylak 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 $5,896.32 on October 25, 2022.

Customer alleges that she would not have purchased a Variable Annuity in February 2021 if she had been aware of the surrender period and surrender charge. Customer seeks a refund of premiums paid without surrender charges.

There are Recent Customer Complaints with Broker Roy Waugh in Firm Ameriprise Financial Services, LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roy Waugh (Waugh), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Waugh 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 $300,000.00 on October 24, 2022.

Claimant alleges Respondent did not change the beneficiaries as requested by [REDACTED] prior to her death and that Respondent did not pay the proper beneficiaries.

There are Recent Customer Complaints with Broker Alan Edelstein in Firm Kestra Investment Services, LLC

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Edelstein (Edelstein), previously associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Edelstein 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 $870,916.00 on October 28, 2022.

Claimants allege Kestra failed to conduct reasonable due diligence, recommended unsuitable speculative investments to elderly investors, and failed to monitor and manage the claimants accounts.

There are Recent Customer Complaints with Broker Seymour Cohen in Firm Wilmington Capital Securities, LLC

October 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on October 31, 2022.

Respondent Cohen 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.