Securities Lawyers Blog

Broker Nathan Wells in Cetera Wealth Services, LLC Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Nathan Wells (Wells), currently associated with Cetera Wealth Services, LLC, has been subject to at least 2 disclosable events. These events include 2 customer complaints. Several of those complaints against Wells 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 with a damage request of $100,000.00 on July 13, 2023.

Claimant alleges that Representative failed to disclose the risks, illiquidity, and high commissions associated with Representative’s recommendation of two non-traded investment vehicles. Claimant further alleges that the recommended products were not in Claimant’s best interest.

Broker Derek Taylor in the Huntington Investment Company Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Derek Taylor (Taylor), currently associated with the Huntington Investment Company, has at least one disclosable event. These events include one customer complaint, alleging that Taylor 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 $25,000.00 on July 13, 2023.

Client alleges that the advisor’s recommendation to invest in a REIT was unsuitable. The allegation activity date was 3/15/2023.

Broker Robert Mills in J.w. Cole Financial, INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Mills (Mills), previously associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mills 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 $18,100.00 on July 16, 2023.

Customer alleged that positions transferred into their account were liquidated when they should have been transferred in-kind.

Broker Kirk Balin in LPL Financial LLC Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk Balin (Balin), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Balin 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 $400,000.00 on July 13, 2023.

Customer alleges representative recommended an unsuitable portfolio of investments from 2016-2023.

Broker Robert Luley in Pruco Securities, LLC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on July 21, 2023.

Respondent Luley failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Timothy Campbell in Firm Newbridge Securities Corporation

August 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 15, 2023.

Complainants expressed concerns regarding life insurance policies and signature, e-mail and information discrepancies found in their customer account forms beginning in or around 2020.

Broker Colleen Schuhmann in UBS Financial Services INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

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

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

Time Frame: March 24th, 2022 to April 25th, 2022\, \, What were the allegations against the individual? The client alleges the Financial Advisor failed to enter trades as instructed. The alleged damages are estimated to be in excess of $5000.00.

Broker Jeffre Reininger in B.b. Graham & Company, INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffre Reininger (Reininger), currently associated with B.b. Graham & Company, INC., has at least one disclosable event. These events include one customer complaint, alleging that Reininger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

No product. Alleged failure to disclose tax consequences of inherited IRA withdrawal.

Broker Michael Puma in Oppenheimer & CO. INC. Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Michael Puma (Puma), previously associated with Oppenheimer & CO. INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Puma 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 July 17, 2023.

Claimants assert claims for breach of fiduciary duty, fraud, negligence, breach of contract, unsuitability and churning in connection with use of margin and trading in their accounts. From 2016-2019.

Broker Douglas Smith in Edward Jones Firm Has Customer Complaint

August 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Smith (Smith), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $8,000.00 on May 27, 2024.

The client alleges she did not authorize the liquidation of her entire account to move to a different managed account platform.