Securities Lawyers Blog

Broker Richard Rodriguez in Calton & Associates, INC. Firm Has Customer Complaint

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Rodriguez (Rodriguez), previously associated with Calton & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rodriguez 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 $40,000.00 on March 27, 2023.

Claim alleges breach of fiduciary duty, violation of FINRA and NASD rules, breach of contract, and negligence relating to investment made in July of 2016.

Broker Nancy Cole in Western International Securities, INC. Firm Has Customer Complaint

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nancy Cole (Cole), previously associated with Western International Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cole 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 March 23, 2023.

Negligent Misrepresentation

Broker David Eustis Jr. in UBS Financial Services INC. Firm Has Customer Complaint

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Eustis Jr. (Eustis Jr.), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Eustis Jr. 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 $4,000,000.00 on March 23, 2023.

This case involves an investment relating to the purchase and resale of two Solar Centaur 50 Turbine Generator Sets (Gen-Sets) that failed to meet the investor’s expectations. Plaintiff [REDACTED] is an individual investor who resides in Texas. ECF 1-4 ,r,r 3, 10. Defendant Industrial Motor Power Corporation (IMPC) is a broker and wholesaler of power\\u00b7 generator sets and other equipment that is organized under the laws of California and has its principal place of business in California.

There are Recent Customer Complaints with Broker Jeff Wiley in Firm Morgan Stanley

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeff Wiley (Wiley), previously associated with Morgan Stanley, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Wiley recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on March 21, 2023.

CLIENT VERBALLY ALLEGED THAT HE DID NOT GIVE AUTHORIZATION TO PURCHASE THE SECURITIES IN THE ACCOUNT. THE MATTER WAS SETTLED FOR $35,000.00- April 2021-June 2021

There are Recent Customer Complaints with Broker Michael Gustafson in Firm Osaic Wealth, INC.

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Gustafson (Gustafson), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gustafson 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 $120,000.00 on March 21, 2023.

Claimant alleges unsuitable recommendations related to the sale of alternative investments.

Broker Christopher Mccarthy in Nylife Securities LLC Firm Has Customer Complaint

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Mccarthy (Mccarthy), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mccarthy 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 $5,421.28 on March 28, 2023.

The policyowner alleges that the RR did not fully inform her of the product features and charges associated with variable annuity policies purchased in December 2022 and February 2023, respectively, and that the policies do not suit her needs. The policyowner has requested to terminate the variable annuity policies with no surrender charges or costs.

There are Recent Customer Complaints with Broker Bruce Ellison in Firm Securian Financial Services, INC.

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bruce Ellison (Ellison), previously associated with Securian Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ellison 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 $30,000.00 on March 21, 2023.

An Equitable annuity was liquidated on 10/24/2021 at the recommendation of the representative. Representative failed to check on the gain in the annuity and the liquidation resulted in an unintended taxable event.

There are Recent Customer Complaints with Broker Hector Mercado in Firm UBS Financial Services INC.

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hector Mercado (Mercado), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Mercado 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 March 23, 2023.

Time frame: Unspecified\, \, Allegations: Claimant alleges the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable, and that his accounts were unsuitably over concentrated in Puerto Rico investments. He also alleges that the risks of investing in and concentration in Puerto Rico investments was misrepresented.

There are Recent Customer Complaints with Broker Gregory Foster in Firm UBS Financial Services INC.

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Foster (Foster), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Foster 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 March 27, 2023.

Time Frame: February 22nd, 2023 to March 9th, 2023 \, \, What were the allegations against the individual? The client alleges that the FA failed to timely file a required form 144 that caused his trade to be cancelled. Due to this cancellation, the client suffered a significant loss.

Broker Robert Walker in Liberty Capital Investment Corporation Firm Has Customer Complaint

September 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Walker (Walker), currently associated with Liberty Capital Investment Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Walker 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 $572,100.00 on March 23, 2023.

A claim was filed against Liberty Capital Investment Corporation by clients who reside outside of the United States. The claim alleged Liberty Capital permitted extended family members of the account holders to withdraw funds without the account holder’s permission, despite said family members having Power of Attorney and Liberty Capital having signed instructions for the transactions. Robert Walker and Gary Purpura were not named as respondents in the claim, but the claim represented they were the individuals responsible for the accounts at issue. Liberty continues to assert that the claims are false, and that Liberty acted only upon signed documentation for each of the transactions. In order to avoid the expense of further litigation not covered by insurance, Liberty has settled in mediation for a fraction of the original claim without admitting any wrongdoing.