Securities Lawyers Blog

There are Recent Customer Complaints with Broker Richard Wick in Firm Northwestern Mutual Investment Services, LLC

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Wick (Wick), previously associated with Northwestern Mutual Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wick 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 $83,000.00 on May 01, 2025.

The customer purchased four life insurance policies in or around October 2021, which included three variable universal life insurance policies. The customer alleges the Representative misrepresented the policies’ terms and the impact of loans on the policies; did not inform the customer of fees associated with the policies; and offered to reimburse the customer personally.

There are Recent Customer Complaints with Broker April Pruitt in Firm Edward Jones

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker April Pruitt (Pruitt), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Pruitt 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 $10,000.00 on April 28, 2025.

Power of attorney for client alleges the financial advisor misrepresented the tax implications from liquidating an annuity. POA alleges the client would not have liquidated the annuity or attempted to liquidate to harvest losses but for this advice and is requesting compensation.

Broker Carrie Bellamy in Edward Jones Firm Has Customer Complaint

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carrie Bellamy (Bellamy), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Bellamy 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 $27,000.00 on May 01, 2025.

The client and his son allege investments in Emerge Energy Svcs in January 2015 and Stonemor Partners in June 2016 were too aggressive and did not support their investment goals.

Broker Janet Shepherd in Morgan Stanley Firm Has Customer Complaint

July 27, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 29, 2025.

Client alleges that if she had been warned of the potential tax consequences of liquidating her current holdings in order to establish a new managed account, she would not have agreed to the strategy. 2024

Broker Samuel Van Allen in Cambridge Investment Research, INC. Firm Has Customer Complaint

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Samuel Van Allen (Van Allen), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Van Allen 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 $200,000.00 on May 01, 2025.

The Complaint alleges a Prenuptial Agreement and a Last Will and Testament were ignored resulting in funds being distributed to the wrong party upon the client’s death.

There are Recent Customer Complaints with Broker Jonathan Galan in Firm State Street Global Markets, LLC

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Galan (Galan), currently associated with State Street Global Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Galan 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 $100,000,000.00 on May 01, 2025.

I inherited this account from a former broker, Trevor Rahn. JPM asked if I could help with the account while they figured out a long term solution. The account was self-directed where the client made all investment decisions on their own. I would simply execute their trading instructions and charge a commission. His son [REDACTED] also had trading authority on the account and would call in orders. There was even a letter sent to the client confirming risk profile and trading activity that was occurring, which the client signed. In addition, I left JPM March of 2022 and they are saying the dates of this claim are July 2021 to December 2022, therefore, I was not at the firm for half the dates they mentioned in their complaint. I did not make any investment recommendations to this client.

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

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randy Chin (Chin), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chin 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 $5,000.00 on April 30, 2025.

Client alleges unapproved trading in 2022

Broker Antonio Oliveira in UBS Financial Services INC. Firm Has Customer Complaint

July 27, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 01, 2025.

Time Frame: May 1st, 2019 to January 31st, 2025\, What were the allegations against the individual? Claimant alleges his instructions were not followed as funds he submitted were not invested in the 529 plans as instructed but left in the money market account. Claimant further alleges his retirement money was not invested as per his instructions and agreement in the managed account.

There are Recent Customer Complaints with Broker Robert Tweed in Firm Cabot Lodge Securities LLC

July 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Tweed (Tweed), previously associated with Cabot Lodge Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tweed 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 $49,999.00 on April 30, 2025.

Claimant alleges recommendation of an unsuitable investment, and failure to disclose risks associated with the purchase of GWG L-bonds on or about July 2019.

There are Recent Customer Complaints with Broker Kevin Canfield in Firm MML Investors Services, LLC

July 27, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 02, 2025.

Beginning in or around 2011, the Claimants allege that the rep failed to advise the owner to activate the GMIB rider on his VA, in which the Respondent had placed all of his retirement savings. As a result, the owner unknowingly lost the right to receive a guaranteed annual income of at least $30,000. Instead, the rep advised the owner to close the VA and open a money market, which has a depleting value.