Securities Lawyers Blog

Broker Nicholas Larsen in LPL Financial LLC Firm Has Customer Complaint

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Larsen (Larsen), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Larsen 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 $15,342.00 on November 15, 2022.

The clients submitted a complaint regarding the recommendation to purchase a HICOX mutual fund by a former CFS representative in February of 2021, which they subsequently sold in November of 2022. The clients allege that their former representative did not properly explain this mutual fund to them, insofar as they understood this mutual fund to be a conservative investment that would protect their principal. The clients have requested compensation for the losses they incurred upon selling their mutual fund investment.

There are Recent Customer Complaints with Broker Jon Bohnert in Firm Wells Fargo Clearing Services, LLC

October 3, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 09, 2022.

Claimants allege that from August 2012 through the end of 2021, the financial advisor misrepresented a non-traded fund.

There are Recent Customer Complaints with Broker Eric Strom in Firm Cuso Financial Services, L.p.

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Strom (Strom), previously associated with Cuso Financial Services, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Strom 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 $109,073.11 on November 15, 2022.

Customer alleged that representative failed to follow instructions to sell all positions as part of a transfer of three accounts in May 2022. The positions were not liquidated until October 2022 resulting in losses

Broker Nitin Bahirwani in B. Riley Wealth Management Firm Has Customer Complaint

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nitin Bahirwani (Bahirwani), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Bahirwani 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 $900,000.00 on November 07, 2022.

Breach of fiduciary duty, breach of contract

Broker Jason Rudolph in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Rudolph (Rudolph), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Rudolph 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 $20,292.00 on November 10, 2022.

Failure to follow instructions.

There are Recent Customer Complaints with Broker John Dixon in Firm Independent Financial Group, LLC

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Dixon (Dixon), currently associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dixon 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 $250,000.00 on November 08, 2022.

Misrepresentation and Suitability. 3/21/2008 thru 9/27/2021

There are Recent Customer Complaints with Broker Brian Titus in Firm Ameriprise Financial Services, LLC

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Titus (Titus), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Titus 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 November 08, 2022.

Claimant was a McDonald’s employee who left the company in November 2020 and claims that, upon his departure, he was entitled to exercise vested stock options. Claimant alleges that defendants had a responsibility to notify him that his stock options had expired. Claimant alleges that Ameriprise breached its fiduciary duty by failing to search for information to inform him of the expiration date of his McDonalds stock options.

Broker Pedro Escobar in Ameriprise Financial Services, LLC Firm Has Customer Complaint

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pedro Escobar (Escobar), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Escobar 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 $500,000.00 on November 11, 2022.

Client alleges unsuitable recommendations.

There are Recent Customer Complaints with Broker Lawrence Delhagen in Firm Stifel, Nicolaus & Company, Incorporated

October 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Delhagen (Delhagen), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Delhagen 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 $400,000.00 on November 08, 2022.

Claimants allege breach of fiduciary duty, breach of contract, negligence/negligent misrepresentation/omission, common law fraud, and restitution.

There are Recent Customer Complaints with Broker James Waters in Firm Lion Street Financial, LLC

October 3, 2025 | by Staff Attorney

Currently financial advisor James Waters (Waters), currently employed by brokerage firm Lion Street Financial, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on November 09, 2022.

Client alleges Misrepresentations and Omissions, Breach of Fiduciary Duty, Unsuitable Investments, Breach of Securities Act of 1934, and Negligence. Client invested in the GPB Automotive portfolio in May of 2018 which was a private placement. Client was presented the portfolio because he qualified for the private placement due to his high net worth and the portfolio was consistent with his risk profile and long term investment objectives. It was ultimately discovered that certain individuals of GPB were committing fraud and in February 2021, The Securities and Exchange Commission (“SEC”) charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. The SEC also charged GPB Capital with violating the whistleblower protection laws. In June of 2022 the SEC recommended GPB be placed in receivership to protect investor assets.