Securities Lawyers Blog

There are Recent Customer Complaints with Broker Raymond Clark in Firm Alexander Capital, L.p.

August 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on December 20, 2023.

Clark is the subject of an order of a self-regulatory organization expelling him from a self-regulatory organization.

There are Recent Customer Complaints with Broker David Turk in Firm Equitable Advisors, LLC

August 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Turk (Turk), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Turk 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 $202,624.47 on November 28, 2023.

Client alleges RR Turk made misrepresentations in connection with an annuity purchased in 2007.

Broker Randy Cox in Osaic Wealth, INC. Firm Has Customer Complaint

August 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randy Cox (Cox), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cox 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 November 28, 2023.

The Claimant alleges that the financial professtional sold him an alternative investment that was unsuitable.

Broker David Morris in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

August 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Morris (Morris), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one regulatory event, alleging that Morris recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 11, 2024.

Respondent Morris failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

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

August 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on December 05, 2023.

Without admitting or denying the findings, Godfrey consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into a matter that originated after his member firm filed a Form U5 reporting that he was terminated as a result of submitting variable annuity applications with materially inaccurate information on exchange disclosure form(s).

There are Recent Customer Complaints with Broker Randy Schild in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

August 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randy Schild (Schild), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Schild recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on December 11, 2023.

Customer alleges that the registered representative did not act in the customers best interest regarding excessive commisions charged from July 2022-June 2023.

There are Recent Customer Complaints with Broker Matthew Scanlon in Firm Independent Financial Group, LLC

August 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Scanlon (Scanlon), currently associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Scanlon 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 $230,000.00 on January 22, 2024.

Arque Capital and Matthew Scanlon conduct breached its fiduciary duty to the Claimants by making material misrepresentations and omissions and selling highly speculative unsuitable investments in large concentrations.

Broker Steven Hirata in PFS Investments INC. Firm Has Customer Complaint

August 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on December 26, 2023.

Respondent Hirata failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker Ramon Almonte in UBS Financial Services INC. Firm Has Customer Complaint

August 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ramon Almonte (Almonte), previously associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Almonte 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 November 28, 2023.

Allegations as stated by Claimant: Time frame: Unspecified\, \, Allegations: Claimants allege that the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable and that their UBS account was over-concentrated in these investments. They also allege that the risks of investing in and concentrating in PR investments were misrepresented.

There are Recent Customer Complaints with Broker Samuel Girgiss in Firm Spartan Capital Securities, LLC

August 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on May 15, 2024.

Respondent Girgiss failed to respond to FINRA requests for information.