Securities Lawyers Blog

There are Recent Customer Complaints with Broker Dennis Thurman in Firm Arete Wealth Management, LLC

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Thurman (Thurman), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thurman 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 October 21, 2022.

Customers allege unsuitable investment recommendations in 2019.

Broker David Wood in Moloney Securities Co., INC. Firm Has Customer Complaint

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Wood (Wood), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Wood 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 $218,750.00 on October 24, 2022.

Suitability/negligence. 2013-2015

There are Recent Customer Complaints with Broker Terry Wheeler in Firm Arque Capital, Ltd.

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Terry Wheeler (Wheeler), previously associated with Arque Capital, Ltd., has at least one disclosable event. These events include one customer complaint, alleging that Wheeler 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 $500,000.00 on October 21, 2022.

Wheeler was named in a customer complaint that asserted the following causes of action: breach of contract and warranties; promissory estoppel; vioaltion of state securities statutes; misrepresentation; omission of facts; breach of fiduciary duty; negligence; and, unjust enrichment.

There are Recent Customer Complaints with Broker Stephen Hollingsworth in Firm Raymond James Financial Services, INC.

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Hollingsworth (Hollingsworth), previously associated with Raymond James Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hollingsworth 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 $762,908.00 on October 18, 2022.

Former clients allege that FA purchased and sold securities without authorization, executed an inappropriately high volume of transactions, improperly recommended margin, purchased unsuitable investments in their accounts, and improperly communicated through Facebook messenger. Allegation Activity Dates: 11/7/10 – 9/2/21.

There are Recent Customer Complaints with Broker Virgil Folden in Firm Saxony Securities, INC.

October 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Virgil Folden (Folden), currently associated with Saxony Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Folden 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 $300,000.00 on October 22, 2022.

On 10/14/2015, Mr. Folden misrepresented the GWG Investments and failed to disclose material facts concerning these investments.

There are Recent Customer Complaints with Broker Thomas Brunt in Firm Cetera Investment Services LLC

October 5, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Thomas Brunt (Brunt), currently employed by Cetera Investment Services LLC has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Brunt’s most recent customer complaint alleges that Brunt recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $60,000.00 on October 26, 2022.

Claimant alleges they were overconcentrated in unsuitable structured product which resulted in losses.

Broker Jason Perez in Edward Jones Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Perez (Perez), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Perez 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 $7,000.00 on October 25, 2022.

The client alleges the financial advisor mispresented that his original investment in LANSX will always be there and behaved exactly like a municipal bond.

Broker Sam Bhushan in Cabin Securities, INC. Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

Currently financial advisor Sam Bhushan (Bhushan), currently employed by brokerage firm Cabin Securities, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $150,000.00 on October 31, 2022.

Bhushan was the subject of the customer’s complaint regarding a reg D private placement. The complaint against his member asserted the following causes of action, fraud, misrepresentation, omissions of material facts, unsuitable recommendations, breach of contract, and breach of fiduciary duty.

Broker Peter Viglione in Network 1 Financial Securities INC. Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Peter Viglione (Viglione), currently associated with Network 1 Financial Securities INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Viglione 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 $334,000.00 on October 26, 2022.

Client alleges excessive trading, excessive commissions and unauthorized trading from 2015-2018

Broker Charles Johnson in Mutual Securities, INC. Firm Has Customer Complaint

October 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Johnson (Johnson), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 $250,000.00 on October 31, 2022.

Plaintiff alleges the following: fraud, breach of fiduciary duty, unauthorized practice of law, and intentional interference. Summary of events leading to allegations: In the course of providing advisory services to the client in 2021, the advisor and client discussed the client’s wishes regarding his estate, including transfer-on-death/payable-on-death instructions, beneficiary designations, and the creation of a trust. In the summer of 2021, the client provided updated beneficiary instructions and the advisor forwarded relevant information to an attorney for creation of estate documents to achieve the stated desires of the client. The client died in November 2021.