Securities Lawyers Blog

Broker Cheryl Richardson in MML Investors Services, LLC Firm Has Customer Complaint

October 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cheryl Richardson (Richardson), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Richardson 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 $46,873.00 on January 03, 2023.

The complainant, who was the customer’s POA, alleges that in 2021, the rep annuitized the customer’s variable annuity and didn’t explain that if the customer didn’t live to the end of the 5 year contract, the remaining amount in the account would be forfeited. The complainant alleges that the rep illustrated one plan but put the customer’s funds into something different. The complainant wants the balance of the customer’s account returned.

Broker Morgan Hees in UBS Financial Services INC. Firm Has Customer Complaint

October 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Morgan Hees (Hees), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Hees 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 $637,686.15 on January 03, 2023.

Time frame: June 28, 2021 to December 26, 2021\, \, Allegations: Clients allege unsuitability in connection with the merger for certain holdings, which resulted in principal losses.

There are Recent Customer Complaints with Broker Alan Pransky in Firm Lifemark Securities Corp.

October 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Pransky (Pransky), currently associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Pransky 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 $50,000.00 on January 03, 2023.

Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, the client is now alleging unsuitable investment recommendations, misrepresentation, breach of fiduciary duty, breach of contract and omission of fact.

There are Recent Customer Complaints with Broker Mark Zitzelsberger in Firm LPL Financial LLC

October 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Zitzelsberger (Zitzelsberger), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zitzelsberger 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 December 30, 2022.

Customer alleges that investment of $25,000 in June 2012 was unsuitable and seeks unspecified damages.

There are Recent Customer Complaints with Broker Matthew Black in Firm Cambridge Investment Research, INC.

October 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Black (Black), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Black 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 $57,096.92 on January 11, 2023.

Clients allege that a recommendation to invest in Schwab Intelligent Portfolios, an automated investing service, in or around November 2021 was unsuitable. They further allege that their request to terminate the service and liquidate the accounts in June 2022 did not take place timely, causing further damages.

Broker James Morman in Edward Jones Firm Has Customer Complaint

October 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Morman (Morman), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Morman 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 $8,717.77 on January 12, 2023.

The client alleges the financial advisor failed to follow instructions and made unauthorized mutual fund trades.

Broker Andrew Krauss in Equitable Advisors, LLC Firm Has Customer Complaint

October 21, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 12, 2023.

Client alleges RR recommended an unsuitable managed account in 2022.

There are Recent Customer Complaints with Broker Joseph Sheperis in Firm J.P. Morgan Securities LLC

October 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Sheperis (Sheperis), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sheperis 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 $43,746.00 on January 11, 2023.

Customer alleges misrepresentation and unsuitable recommendation. Activity dates 10.26.2021 – 12.20.2021.

There are Recent Customer Complaints with Broker John Fronckowiak in Firm Nylife Securities LLC

October 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Fronckowiak (Fronckowiak), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fronckowiak 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 $7,000.00 on January 09, 2023.

The customer alleged she communicated to RR Fronckowiak that she did not want an investment exposed to the stock market. However, she later realized her funds were invested in a variable annuity.

Broker Patrick Sizemore in Vanguard Marketing Corporation Firm Has Customer Complaint

October 21, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 11, 2023.

Client alleges that the advisor did not follow her instructions to convert her Traditional IRA to her Roth IRA for tax year 2023. The conversion took place in tax year 2022 which caused the client to be placed in a higher tax bracket and resulted in additional IRS tax liabilities. The activity dates leading to the allegation were December 28, 2022, through December 30, 2022.