Securities Lawyers Blog

Broker John Saunders in UBS Financial Services INC. Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Saunders (Saunders), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Saunders 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 $400,000.00 on May 11, 2023.

Time frame: January 2013 – May 2023 \, \, Allegations: Claimant alleges unsuitability regarding recommendations made by the FA for products that did not meet Claimant’s liquidity needs.

There are Recent Customer Complaints with Broker George Mccaffrey in Firm Ntb Financial Corporation

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Mccaffrey (Mccaffrey), previously associated with Ntb Financial Corporation, has at least one disclosable event. These events include one regulatory event, alleging that Mccaffrey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on April 27, 2023.

Respondent McCaffrey failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker Neil Lerner in Morgan Stanley Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 17, 2023.

Client’s attorney alleges, inter alia, that liquidity access line established by the client’s deceased husband was not appropriate for the client to maintain 2021-2023

There are Recent Customer Complaints with Broker Floyd Bernard in Firm Cambridge Investment Research, INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Floyd Bernard (Bernard), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bernard 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 $200,000.00 on May 02, 2023.

Client alleges registered representative misrepresented third party managed program, resulting in approximately $200,000 in damages.

There are Recent Customer Complaints with Broker Albert Kearney in Firm Voya Financial Advisors, INC.

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Albert Kearney (Kearney), previously associated with Voya Financial Advisors, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kearney 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 $50,000.00 on May 04, 2023.

Claimant alleges that their retirement savings were over-concentrated into an unsuitable high-risk, high-commission, speculative alternative investment. Claimant further alleges that misrepresentations of material facts were made in connection with the investment recommendation.

Broker Gretchen Schorr in Moloney Securities Co., INC. Firm Has Customer Complaint

September 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gretchen Schorr (Schorr), previously associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Schorr 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 April 24, 2023.

Suitability/negligence. 2019

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

September 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 02, 2023.

Customer alleges Financial Advisor misrepresented factors of his variable annuities from May 2020 to October 2020.

There are Recent Customer Complaints with Broker Coley Bellamy in Firm Nylife Securities LLC

September 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 14, 2025.

The Customer alleges they were misled when they agreed to exchange an existing employee variable universal life policy for another in July 2024.

There are Recent Customer Complaints with Broker Leticia Hewko in Firm Independent Financial Group, LLC

September 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leticia Hewko (Hewko), currently associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hewko 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 $100,000.00 on July 07, 2025.

Clients claim their investments were not suitable and they were unaware of the risk

Broker Chihyu Hsu in Park Avenue Securities LLC Firm Has Customer Complaint

September 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chihyu Hsu (Hsu), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hsu 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 $77,000.00 on July 17, 2025.

The customer alleges that two years ago, the RR facilitated the transfer of funds from the customer’s IRA into the customer’s personal checking account, with the stated intention of using the funds to purchase an annuity with Brighthouse Financial. Following this, and at the RR’s instruction, the customer transferred the funds from his checking account to the RR’s personal bank account. The customer claims he has never received any documentation or confirmation of the annuity and has been unable to contact the RR despite repeated attempts.