Securities Lawyers Blog

Broker Ronald White in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

November 22, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 29, 2025.

Client alleges misrepresentation of tax consequences related to the surrender of variable universal life insurance policies.

There are Recent Customer Complaints with Broker Roger Barnett in Firm LPL Financial LLC

November 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roger Barnett (Barnett), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Barnett 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 $125,000.00 on August 12, 2025.

Customer alleges that investments made in 2016 were unsuitable for the customer’s investment objectives and risk tolerance.

Broker Mohammad Umar Shams in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

November 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mohammad Umar Shams (Shams), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shams 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 $5,817.57 on September 26, 2025.

Claimant alleges that in reliance on misrepresentations that money market funds could be used as collateral in a retirement account

There are Recent Customer Complaints with Broker Katelyn Cordido Reese in Firm Nylife Securities LLC

November 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Katelyn Cordido Reese (Cordido Reese), previously associated with Nylife Securities LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Cordido Reese recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on September 22, 2025.

Customer alleged that the Non-Broker Dealer Affiliate Whole Life Insurance policy she purchased in May 2022 contains signatures that she did not provide nor authorize.

There are Recent Customer Complaints with Broker John Wilson Ii in Firm Edward Jones

November 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Wilson Ii (Wilson Ii), previously associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Wilson Ii 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 $12,000.00 on September 18, 2025.

Client gave former financial advisor $10,000.00 cash for an alleged outside investment opportunity with a promise of a 20% return.

Broker Matthew Koelliker in Kkr Capital Markets LLC Firm Has Customer Complaint

November 21, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 26, 2025.

Plaintiff alleges various claims related to a sudden decrease in value of Plaintiff’s limited partnership interest and failure to honor in full its 2021 notice to withdraw limited partnership interest in breach of limited partnership agreement.

Broker Christopher Norton in Sutter Securities Incorporated / Boustead Securities, LLC Firm Has Customer Complaint

November 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Norton (Norton), currently associated with Sutter Securities Incorporated / Boustead Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Norton 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 $99,500.00 on September 17, 2025.

Financial Advisors providing advice to retail investors are required to adhere to the SEC’s Regulation Best Interest (Reg BI). Reg BI applies a ‘best interest’ standard for broker-dealers and their associated people. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts.

There are Recent Customer Complaints with Broker Nathaniel Meissner in Firm Green Vista Capital, LLC

November 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nathaniel Meissner (Meissner), previously associated with Green Vista Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Meissner 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 $3,450,000.00 on September 17, 2025.

CLAIMANT ALLEGES VIOLATION OF SECTION 10(b) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 10B-5; FRAUDULENT MISREPRESENTATION / FRAUDULENT INDUCEMENT; UNSUITABILTY / NEGLIGENT RECOMMENDATION UNDER FINRA RULE 2111; PRIVATE SECURITIES TRANSACTIONS WITHOUT PROPER NOTICE/APPROVAL ("SELLING AWAY") (FINRA RULE 3280); BREACH OF FIDUCIARY DUTY; VIOLATION OF CALIFORNIA CORPORATIONS CODE § 25401; VIOLATION OF WYOMING STATUTES ANNOTATED § 17-4-501; UNJUST ENRICHMENT / DISGORGEMENT.

There are Recent Customer Complaints with Broker William Laury in Firm MML Investors Services, LLC

November 21, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 25, 2025.

Customer alleges that beginning in approximately September 2019 the representative sold her multiple life insurance policies with death benefits that exceeded her needs and total premium payments greater than she was comfortable paying. Also alleges that representative failed to act in her best interest and misled her regarding the life insurance policies he sold to her.

There are Recent Customer Complaints with Broker Philippus Van Staden in Firm Green Vista Capital, LLC

November 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philippus Van Staden (Van Staden), currently associated with Green Vista Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Van Staden 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 $3,450,000.00 on September 17, 2025.

CLAIMANT ALLEGES VIOLATION OF SECTION 10(b) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 10B-5; FRAUDULENT MISREPRESENTATION / FRAUDULENT INDUCEMENT; PRIVATE SECURITIES TRANSACTIONS WITHOUT PROPER \, NOTICE/APPROVAL SUPERVISORY LIABILITY; CONTROL PERSON LIABILITY UNDER SECTION 20(A) OF THE SECURITIES EXCHANGE ACT OF 1934; FAILURE TO SUPERVISE UNDER FINRA RULE 3110; VIOLATION OF CALIFORNIA CORPORATIONS CODE § 25401; VIOLATION OF WYOMING STATUTES ANNOTATED § 17-4-501; UNJUST ENRICHMENT / DISGORGEMENT;