Securities Lawyers Blog

Broker Paul Kim in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Kim (Kim), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Kim 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 $1,450,000.00 on August 19, 2022.

Clients allege registered representative did not follow instructions, resulting in $1.7 million in losses from January 2022 through the present. Claimants’ Statement of Claim asserts causes of action for breach of fiduciary duty, negligence, fraud, breach of contract, third-party beneficiary breach of contract, violation of state securities statutes, violation of Reg BI, and negligent supervision, and requests $1.45 million in damages.

Broker Sarabjeet Thapar in World Investments, INC. Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sarabjeet Thapar (Thapar), currently associated with World Investments, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Thapar recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 16, 2022.

Clients allege negligence, breach of contract, breach of fiduciary duty, unjust enrichment

There are Recent Customer Complaints with Broker Ushir Mehta in Firm Td Ameritrade, INC.

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ushir Mehta (Mehta), previously associated with Td Ameritrade, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mehta 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 $54,531.13 on August 22, 2022.

Client alleges representative did not disclose fees associated with an advised offering in 2013 and requested a refund of fees in the amount of $54,531.13

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

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Marks (Marks), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Marks 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 August 22, 2022.

Failure to conduct adequate due diligence; negligent misrepresentation and overconcentration of investment in claimant’s account in connection with their Northstar fixed-rate investment.

Broker Jeffrey Lowe in Nylife Securities LLC Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on August 17, 2022.

Customer alleges that the recommendation to purchase a variable annuity in January 2022 was not consistent with her financial goal.

There are Recent Customer Complaints with Broker Eric Schwartz in Firm Purshe Kaplan Sterling Investments

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Schwartz (Schwartz), previously associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Schwartz 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 $850,000.00 on August 23, 2022.

Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

There are Recent Customer Complaints with Broker David Lesko in Firm LPL Enterprise, LLC

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Lesko (Lesko), currently associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lesko 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 August 22, 2022.

Client alleges that an unsuitable bond was bought in his account causing him to lose money

There are Recent Customer Complaints with Broker Michael Coughlin in Firm Morgan Stanley

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Coughlin (Coughlin), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Coughlin 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 August 22, 2022.

Claimant alleges, inter alia, unsuitability with regards to investment in accounts – Jan 2009 – Nov 2021

There are Recent Customer Complaints with Broker Michael Levine in Firm Wells Fargo Clearing Services, LLC

November 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 18, 2022.

Claimant alleges that in or about 2014, the FA made unsuitable purchases in technology stocks.

Broker Preston Runyan in World Equity Group, INC. Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

Currently financial advisor Preston Runyan (Runyan), currently employed by brokerage firm World Equity Group, INC. 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 $40,000.00 on August 24, 2022.

Claimant alleges, Respondent, through their registered representative, failed to conduct reasonable due diligence and continuously recommended an investment strategy almost entirely comprised of speculative and illiquid private placements such as real estate investment trusts (‘REITs’). Rep been a Registered Representative with WEG since 2008. Claimant asserts legal claims for unsuitable recommendations, material misrepresentations and omissions, failure to supervise and violation of FINRA rules and seeks compensatory damages of approximately $40,000, punitive damages, pre and post judgement interest and attorneys’ fees and costs of action.