Securities Lawyers Blog

There are Recent Customer Complaints with Broker Dan Bello in Firm Morgan Stanley

July 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 12, 2025.

Client alleges, inter alia, that her advisor made unsuitable investment recommendations to invest in alternative investments and that her financial qualifications were falsified on her account in order for her to be approved to invest 2014-2017

There are Recent Customer Complaints with Broker Michaela Rauscher in Firm LPL Financial LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michaela Rauscher (Rauscher), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rauscher 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 May 13, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

There are Recent Customer Complaints with Broker Michael Gennawey in Firm LPL Financial LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Gennawey (Gennawey), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gennawey 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 $33,856.70 on May 12, 2025.

Customer, through counsel, alleges no accounting provided for interest earned resulting in withheld interest and misrepresentation regarding brokerage and advisory commissions. Client alleges forgery of signature and discrepancies surrounding interest payments & fees. Activity dates: 10/10/2022-08/31/2023.

There are Recent Customer Complaints with Broker Matthew Klein in Firm the Leaders Group, INC.

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Klein (Klein), currently associated with the Leaders Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Klein 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 $110,000.00 on May 12, 2025.

Customer alleges RR Misrepresented liquidity and principal protection of securities purchased in 2012.

Broker Roberto Pineda Castellvi in Stonecrest Capital Markets, INC. Firm Has Customer Complaint

July 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 09, 2025.

Time frame: Unspecified Allegations: Claimant alleges that the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable and that his UBS account was over-concentrated in these investments. He also alleges that the risks of investing in and concentrating in PR investments were misrepresented.

Broker Jeffrey Larson in Arete Wealth Management, LLC Firm Has Customer Complaint

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Larson (Larson), previously associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Larson 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 $226,000.00 on May 12, 2025.

Client alleges registered representative recommended an unsuitable investment.

There are Recent Customer Complaints with Broker Michael Roberts in Firm the Strategic Financial Alliance, INC.

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Roberts (Roberts), currently associated with the Strategic Financial Alliance, INC., has at least one disclosable event. These events include one customer complaint, alleging that Roberts 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 $2,235,000.00 on May 09, 2025.

Claimants allege that recommendation of certain direct participation investments were not in keeping with the client’s needs and objectives and were not fully disclosed to the customer

There are Recent Customer Complaints with Broker Xiao Mei Chen in Firm Nylife Securities LLC

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Xiao Mei Chen (Chen), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chen 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 $5,000,000.00 on May 12, 2025.

Claimant alleges, among other things, that she was misled when it was recommended, she use the proceeds of her 401K containing mutual funds and bonds to purchase a Fixed Annuity leading to lost market opportunity. Claimant seeks general and compensatory damages over $5,000,000, attorneys’ fees, punitive damages, costs and interest.

There are Recent Customer Complaints with Broker Suihock Goy in Firm Ni Advisors

July 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Suihock Goy (Goy), currently associated with Ni Advisors, has at least one disclosable event. These events include one customer complaint, alleging that Goy 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 $190,000.00 on May 10, 2025.

This representative was not involved in the transaction. He is the firm owner and supervisor of the representative for the client. Claimant alleges unsuitability, negligence, etc. Regarding 2018-2020 purchases of corporate bond after issuer declared bankruptcy. Issuer is current in the process of executing wind-down trust with intended distributions to bond holders.

Broker Jesse Webb in Ameriprise Financial Services, LLC Firm Has Customer Complaint

July 25, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Jesse Webb (Webb), currently employed by Ameriprise Financial Services, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Webb’s most recent customer complaint alleges that Webb recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $18,000.00 on May 12, 2025.

The client alleged that the advisor invested them in a Cleveland Cliffs structured note that was not in their best interest as it carried too much risk by being tied to one equity.