Securities Lawyers Blog

There are Recent Customer Complaints with Broker Paul Siegel in Firm Ameriprise Financial Services, LLC

October 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Siegel (Siegel), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Siegel 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 $8,779.13 on November 21, 2022.

The client alleged that the advisor did not provide adequate advice on additional employer contributions for her outside 401(k) plan.

Broker David Collins in LPL Financial LLC Firm Has Customer Complaint

October 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Collins (Collins), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Collins 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 $15,000.00 on November 21, 2022.

Customer alleges negligence, unsuitable recommendations, negligent supervision, breach of contract and fiduciary duty in regards to an investment in a high yield corporate bond.

Broker Giasamis Sideris in Arive Capital Markets Firm Has Customer Complaint

October 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Giasamis Sideris (Sideris), previously associated with Arive Capital Markets, has at least one disclosable event. These events include one customer complaint, alleging that Sideris 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 $453,406.47 on November 22, 2022.

Failure to Supervise

Broker Edward Stike in Wealth Enhancement Brokerage Services, LLC Firm Has Customer Complaint

October 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Stike (Stike), currently associated with Wealth Enhancement Brokerage Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stike 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 $750,000.00 on November 16, 2022.

Customer alleges their accounts were invested in excessively risky and over-weighted equities and high yield bonds outside of their risk tolerance.

Broker Lori Givens in United Planners’ Financial Services of America A Limited Partner Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lori Givens (Givens), previously associated with United Planners’ Financial Services of America A Limited Partner, has at least one disclosable event. These events include one customer complaint, alleging that Givens 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 $14,391.00 on November 29, 2022.

Poor advice and financial planning.

Broker Shane Elsbury in Transamerica Financial Advisors, LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shane Elsbury (Elsbury), currently associated with Transamerica Financial Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Elsbury 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 November 30, 2022.

Claimant purchased a $150,000, 7-year bond with GWG Holdings, Inc. in January of 2017. In April 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy reorganization, which is still pending. Claimant alleges the bond was unsuitable and the respondent did not sufficiently convey the risks involved.

Broker Alan Druckenmiller in Stonex Securities INC. Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Druckenmiller (Druckenmiller), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Druckenmiller 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 December 01, 2022.

The concentration in Alternative Investments was not suitable for [REDACTED]’ who is retired.

Broker Coleigh Mckay in Regions Securities LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Coleigh Mckay (Mckay), currently associated with Regions Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mckay 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 $30,418,671.50 on November 26, 2022.

Applicant Parties allege defendants (including Vanderbilt University) caused Applicant Parties “material losses and mental distress”. Vanderbilt University through their Office of Investments invested in the private equity fund (one of the Applicant Parties) managed by the Applicant Parties that ultimately failed and was liquidated in 2019.

Broker Lauren Ivester in Dempsey Lord Smith, LLC Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lauren Ivester (Ivester), previously associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ivester 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 $220,000.00 on November 29, 2022.

Negligence, breach of fiduciary duties, fraudulent misrepresentation, and breach of contract

Broker Frank Avallone in Ceros Financial Services, INC. Firm Has Customer Complaint

October 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Avallone (Avallone), currently associated with Ceros Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Avallone 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 $2,707,818.00 on November 28, 2022.

Client claimed unsuitability, conflict of interest, failure to supervise, breach of duty of loyalty, and Respondeat Superior.