Securities Lawyers Blog

There are Recent Customer Complaints with Broker Clara Tang in Firm Cetera Investment Services LLC

July 24, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 25, 2020.

Claimant alleges that the registered representative recommended unsuitable investments.

There are Recent Customer Complaints with Broker Matthew Bailey in Firm MML Investors Services, LLC

July 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Bailey (Bailey), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bailey 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 $27,511.00 on March 25, 2020.

Customer alleges that the recommendation, in April 2015, to transfer the proceeds from an inherited IRA into a traditional IRA caused a mandatory distribution and tax liability. Customer requested reimbursement for the tax liability.

There are Recent Customer Complaints with Broker Seongsoo Lee in Firm Ameriprise Financial Services, LLC

July 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Seongsoo Lee (Lee), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lee 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 $39,794.85 on March 24, 2020.

The client alleged his advisor executed unauthorized mutual fund sell transactions in March 2020.

There are Recent Customer Complaints with Broker Earl Davis in Firm Woodmen Financial Services, INC.

July 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Earl Davis (Davis), currently associated with Woodmen Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $7,077.23 on March 26, 2020.

On or about March 26, 2020, Woodmen Financial Services, Inc. (‘WFS’) customer [REDACTED] submitted a written complaint alleging that his registered representative, Earl Davis, failed to execute his request that his funds remain in the money market account of his newly purchased WoodmenLife variable annuity. [REDACTED] funds were initially invested in the money market account on February 25, 2020 until allocated to the subaccounts of his variable annuity. On March 11, 2020, [REDACTED] funds were allocated to the subaccounts. Thereafter, WFS received the complaint after the close of the market on March 26, 2020. WFS then transferred [REDACTED] funds to the money market account on March 27, 2020. [REDACTED] alleges that he instructed Earl Davis to keep his funds in the money market account. Mr. Davis agrees with [REDACTED] and stated that he failed to follow the instructions of [REDACTED]. As a result of the allocation and the market’s performance, [REDACTED] lost $7,077.23 of his initial investment. At this time, the issuer of the product, Woodmen of the World Life Insurance Society (‘WoodmenLife’) is currently reviewing and responding to the complaint.

Broker Mark Meehan in Allstate Financial Services, LLC Firm Has Customer Complaint

July 24, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 26, 2020.

Customer alleges that the recommendation to terminate his variable annuity to purchase a fixed indexed annuity was misrepresented and was a poor recommendation. Customer provided additional verbal allegations that information was added to account documents after he signed the documents.

There are Recent Customer Complaints with Broker Jacqueline Aime in Firm Ameriprise Financial Services, LLC

July 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jacqueline Aime (Aime), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Aime 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 $14,500.00 on March 26, 2020.

When your financial advisor is providing advice they must adhere to the SEC’s Regulation Best Interest (Reg BI) rule and standard of care. Reg BI replaced the former “suitability” rule and created a ‘best interest’ standard for brokerage firms and registered representatives. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened.

There are Recent Customer Complaints with Broker William Heiden in Firm Wedbush Securities INC.

July 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Heiden (Heiden), previously associated with Wedbush Securities INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Heiden 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 March 25, 2020.

Alleged that the financial advisor placed unauthorized trade, engaged in unsuitably risky trading and overly concentrated the acocunt in positions with heavy loss exposure.

There are Recent Customer Complaints with Broker Joshua Breeden in Firm UBS Financial Services INC.

July 24, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 26, 2020.

Client alleges mutual fund investment was misrepresented. 2019-2020 damages unspecified

There are Recent Customer Complaints with Broker Thomas Logue in Firm American Independent Securities Group, LLC

July 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Logue (Logue), previously associated with American Independent Securities Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Logue 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 $1,588,000.00 on March 26, 2020.

Unsuitable transaction

Broker Stephen Lawless in Morgan Stanley Firm Has Customer Complaint

July 24, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 26, 2020.

Client alleges failure to follow instructions with respect to risk of investments and their liquidation. 2020 damages unspecified