Securities Lawyers Blog

Broker Alex Mathis in LPL Financial LLC Firm Has Customer Complaint

August 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alex Mathis (Mathis), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mathis 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 $311,959.00 on June 01, 2023.

Customer alleges that an investment recommendation was unsuitable.

There are Recent Customer Complaints with Broker Scott Miller in Firm Ameriprise Financial Services, LLC

August 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Miller (Miller), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Miller 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 $500,895.00 on June 07, 2023.

Claimant alleges that in December 2021, he was wrongfully recommended to exchange his Nationwide annuity policy with an unsuitable RVS Life annuity.

Broker Marshall Parsons in Edward Jones Firm Has Customer Complaint

August 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marshall Parsons (Parsons), previously associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Parsons 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 $40,862.50 on June 07, 2023.

Client alleged she personally loaned her former financial advisor $35,000 while he was employed as her financial advisor. Client stated she has not received any repayment on loan to date and requests reimbursement for this unauthorized loan arrangement.

There are Recent Customer Complaints with Broker Robert Lyons in Firm Gms Group

August 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Lyons (Lyons), currently associated with Gms Group, has at least one disclosable event. These events include one customer complaint, alleging that Lyons 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 $35,000.00 on June 05, 2023.

Client alleged that their purchases of preferred stocks on 7/1/21 were unsuitable as they alleged they were looking for principal protection.

Broker Edward Hays in Cuso Financial Services, L.p. Firm Has Customer Complaint

August 31, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Hays (Hays), previously associated with Cuso Financial Services, L.p., has at least one disclosable event. These events include one customer complaint, alleging that Hays 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 $7,370.04 on June 08, 2023.

The client alleges he didn’t receive his full principle back when he free looked a variable annuity contract. After firm investigation, it was determined the contract was subject to market value adjustment, which accounted for the difference at the time of free look. The client requested compensation in the difference in amount.

There are Recent Customer Complaints with Broker Henry Arellano in Firm Edward Jones

August 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 14, 2023.

Client alleges she requested her financial advisor invest into CDs to preserve their principal and his failure to do so resulted in market loss.

Broker King Cavalier in Raymond James Financial Services, INC. Firm Has Customer Complaint

August 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker King Cavalier (Cavalier), currently associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cavalier 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 $80,000.00 on June 14, 2023.

Former client alleges that she informed FA she intended to use a specified amount of funds from her investment account in the short term to buy a home but that FA improperly invested those funds in stocks and US Treasury bonds resulting in a loss.

Broker Noah Simon in UBS Financial Services INC. Firm Has Customer Complaint

August 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 09, 2023.

Time frame: 2017 – Present.\, Allegations: Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

Broker Thomas Murphy in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

August 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Murphy (Murphy), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Murphy 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 $150,000.00 on June 08, 2023.

Client alleges financial advisor failed to act in his best interest and made an unsuitable investment recommendation in October 2017.

Broker David Yu in Ifp Securities, LLC Firm Has Customer Complaint

August 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Yu (Yu), currently associated with Ifp Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Yu 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 $76,150.00 on June 08, 2023.

Client alleges Mr. Yu improperly recommended a high risk, high commission illiquid alternative investment, namely, GWG Holdings, Inc. and that Mr. Yu misrepresented the investment to them and that it was\, inconsistent with their financial situation and needs, investment objectives and their risk tolerance.