Securities Lawyers Blog

Broker Delio Londono in Sagepoint Financial, INC. Firm Has Customer Complaint

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Delio Londono (Londono), previously associated with Sagepoint Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Londono 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 $250,000.00 on April 14, 2022.

Claimant alleges that certain unnamed REITS and “direct participation programs were recommended to the client that were not in keeping with her investment objectives and needs, and that the risks and other characteristics of the investments were not fully explained.

There are Recent Customer Complaints with Broker John Williams in Firm Cambridge Investment Research, INC.

November 29, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker John Williams (Williams), previously associated with Cambridge Investment Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Williams concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on April 18, 2022.

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

Broker Kevin Curry in LPL Financial LLC Firm Has Customer Complaint

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Curry (Curry), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Curry 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 April 20, 2022.

Customer is dissatisfied with the account performance and stock selection.

There are Recent Customer Complaints with Broker Raymond Nye in Firm Stonex Securities INC.

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Nye (Nye), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Nye 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 $75,910.00 on April 15, 2022.

Trustee for the customer alleged that in 2012 the representative failed to transfer assets into a Living Trust and the error was not realized until 2022. Upon consult, trustee alleged that the representative advised that the assets be liquidated resulting in capital gains. After the liquidation, customer died and the Trustee requested reimbursement of the amount of capital gains created by liquidation of assets.

There are Recent Customer Complaints with Broker Joel Propst in Firm Fortune Financial Services, INC.

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Propst (Propst), currently associated with Fortune Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Propst 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 April 22, 2022.

When your financial advisor is providing advice they must adhere to the SEC’s Regulation Best Interest (Reg BI) rule and standard of care. Reg BI replaced the former “suitability” rule and created a ‘best interest’ standard for brokerage firms and registered representatives. This standard applies when brokers make recommendations to retail customer for any securities transaction or investment strategy involving securities, including recommendations of types of accounts. 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.

Broker Marc Rosenbach in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Rosenbach (Rosenbach), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rosenbach 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 $78,579.00 on April 20, 2022.

Client complained that a tax loss harvesting strategy in her managed accounts was ultimately not in her best interest. (1/1/2019-12/31/2020)

There are Recent Customer Complaints with Broker Joseph Cheddar in Firm Allstate Financial Services, LLC

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Cheddar (Cheddar), previously associated with Allstate Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cheddar 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 $303,800.00 on April 21, 2022.

Customer alleges representative’s recommendation to convert his Traditional IRA to a Roth IRA was not sound and has caused financial pain. The poor recommendation caused a large tax liability, a reduction in death benefit in the variable annuity contract, an increase in premiums for Medicare and a loss of social security income.

Broker Ralph Owen in Nylife Securities LLC Firm Has Customer Complaint

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Owen (Owen), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Owen 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 $20,000.00 on April 18, 2022.

Customer alleges he communicated to RR Owen in or around November 2021 that his investment objective priority was safety of principal. He is disappointed that his March 2022 quarterly mutual fund statement shows an 8% market value loss.

There are Recent Customer Complaints with Broker Vincent Annable in Firm Realta Equities, INC.

November 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Annable (Annable), currently associated with Realta Equities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Annable 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 $600,000.00 on April 13, 2022.

Claimants allege: negligence, breach of fiduciary duty, breach of contract, negligent supervision, violation of securities laws, and fraud.

Broker Paul Schappert in Equitable Advisors, LLC Firm Has Customer Complaint

November 28, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 23, 2022.

POA on behalf of the client alleges funds within the client’s investment contract purchased in 2013 and a variable annuity purchased in 2020 were unsuitable for her needs and led to a large tax implication.