Securities Lawyers Blog

There are Recent Customer Complaints with Broker Tom Wallack in Firm J.P. Morgan Securities LLC

December 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 17, 2021.

Time Frame: June 14, 2019 to December 15, 2021\, The client’s son in law who has authorization alleges the fee structure was not suitable for an 84 years old, whose husband is recently deceased and has approximately less than $2 million in fixed income.

There are Recent Customer Complaints with Broker Thomas Assalone in Firm Morgan Stanley

December 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 16, 2021.

Client alleged that their instructions not to initiate trading in their managed accounts until they received and approved an investment proposal was not followed. 2020 damages unspecified

There are Recent Customer Complaints with Broker William Shopoff in Firm Shopoff Securities, INC.

December 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Shopoff (Shopoff), currently associated with Shopoff Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Shopoff 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 $180,000.00 on December 21, 2021.

Plaintiff alleges misstatements and omissions, and related claims, in connection with Tenant-in-Common/1031 Exchange investment transactions in real estate property in late 2016.

There are Recent Customer Complaints with Broker Burton Carter in Firm J.w. Cole Financial, INC.

December 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Burton Carter (Carter), previously associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Carter 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 $101,544.00 on December 21, 2021.

Client alleges registered representative breached his fiduciary duty and was negligent when assisting her conservators in liquidating her account.

There are Recent Customer Complaints with Broker Francis Gemino in Firm Henley & Company LLC

December 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francis Gemino (Gemino), currently associated with Henley & Company LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gemino 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 $1,000,000.00 on December 16, 2021.

Customer alleges Firm failed to provide reasonable, adequate and meaningful supervision over Firm’s branch office, allowing its registered representative, to carry out a Ponzi scheme to defraud and misappropriate approximately$1,000,000.00.

There are Recent Customer Complaints with Broker Dustin Perkins in Firm Stonex Securities INC.

December 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dustin Perkins (Perkins), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Perkins 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 $100,000.00 on January 03, 2022.

Defendant recklessly encouraged the plantiff to invest funds with one of the defendant’s other clients (i.e. The defendant’s friend). Plaintiff now seeks to recover those funds from defendant for: negligence; breach of fiduciary duty; and violation of tennessee’s consumer protection act.

There are Recent Customer Complaints with Broker Derek Lyght in Firm Northwestern Mutual Investment Services, LLC

December 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Derek Lyght (Lyght), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lyght 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 January 04, 2022.

Customer alleging variable life insurance policy is not suitable for him.

Broker Kirk Badii in Independent Financial Group, LLC Firm Has Customer Complaint

December 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk Badii (Badii), currently associated with Independent Financial Group, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Badii 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 $2,730,000.00 on October 17, 2025.

Statement of claim alleges dissatisfaction with the management of the Claimant’s investment and loan accounts.

Broker Blake Crousore in Northwestern Mutual Investment Services, LLC Firm Has Customer Complaint

December 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Blake Crousore (Crousore), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Crousore 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 January 04, 2022.

Customer alleges that in or around September 2021, he instructed the Representative to purchase securities in a brokerage account, but instead, the Representative made unauthorized trades in a managed investment advisory account, which the customer alleges he did not authorize to be opened. The customer also alleges that the Representative misled him about executing the trades in a brokerage account while the funds remained in the managed investment advisory account.

Broker Danton Troyer in Private Client Services, LLC Firm Has Customer Complaint

December 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Danton Troyer (Troyer), previously associated with Private Client Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Troyer 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 January 03, 2022.

Claimant alleges that in 2014, representative made an unsuitable recommendation that he invest in FS Energy and Power Fund which was not appropriate for his investment objectives, and that he suffered losses from the investment.