Securities Lawyers Blog

There are Recent Customer Complaints with Broker Danniel Kazi in Firm Allstate Financial Services, LLC

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Danniel Kazi (Kazi), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kazi 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 $20,415.00 on April 12, 2022.

Client’s family member alleged that the Representative’s recommended liquidation and subsequent investment with the proceeds were not in the client’s best interest based on the tax implications and the sales load. Following the firm’s review, the extent of the Rep’s disclosure of the taxable consequences was unclear. As a result, the matter was resolved through a settlement with the client for the reimbursement of tax consequence and the sales load. Payment to the client of $20,415 was completed on 7/8/22.

Broker William Schumaker in Principal Securities, INC. Firm Has Customer Complaint

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Schumaker (Schumaker), currently associated with Principal Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Schumaker 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 $7,447.50 on April 13, 2022.

Client alleges the representative recommended a VUL policy that was unsuitable, and she has asked for the surrender charges on the policy to be waived.

There are Recent Customer Complaints with Broker Kelly Otoole in Firm Wells Fargo Clearing Services, LLC

November 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 12, 2022.

Client complained that delay in executing liquidation instruction caused losses because time window closed and trade could not be executed until next window opened. (11/1/2021-4/12/2022)

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

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Power (Power), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Power recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on April 13, 2022.

Client alleges failure to follow instructions in 2021.

There are Recent Customer Complaints with Broker Thomas Brandstater in Firm Wells Fargo Clearing Services, LLC

November 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 12, 2022.

Client complained that Financial Advisor did not act upon requests for 5% stop orders, tax loss harvest requests and instructions concerning the buy/sell of an equity. (11/25/2021-1/21/2022)

There are Recent Customer Complaints with Broker Justin Cramer in Firm Prospera Financial Services, INC.

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Justin Cramer (Cramer), previously associated with Prospera Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cramer 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 $80,000.00 on April 11, 2022.

Client complained of unexpected tax consequences from account recommendations

Broker Brian Clough in Nylife Securities LLC Firm Has Customer Complaint

November 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 13, 2022.

Customer alleges that in or around January 2022, he was misled regarding the impact of a partial withdrawal on the value of the Guaranteed Minimum Death Benefit of a Variable Annuity purchased in January 2005. Customer alleges that he was told that the death benefit was locked in.

There are Recent Customer Complaints with Broker Rebecca Ng Tsang in Firm Cetera Investment Services LLC

November 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 13, 2022.

Claimant alleges unsuitable investment recommendations that resulted in losses

There are Recent Customer Complaints with Broker Todd Wurth in Firm Farmers Financial Solutions, LLC

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Wurth (Wurth), currently associated with Farmers Financial Solutions, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wurth 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 $21,041.00 on April 11, 2022.

Customers allege that an Equitable Life Insurance Company service representative provided incorrect information to the registered representative, which resulted in significant taxes and penalties to the customers for a withdrawal that they took from their variable annuity contract in 2021.

There are Recent Customer Complaints with Broker Emilio Vazquez in Firm Osaic Institutions, INC.

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Emilio Vazquez (Vazquez), previously associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Vazquez 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 April 13, 2022.

Firm breached written, oral, expressed, and implied terms and conditions of its agreements: warranties; and made false representations.