Securities Lawyers Blog

Broker Roderick Rodriguez in Osaic Institutions, INC. Firm Has Customer Complaint

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roderick Rodriguez (Rodriguez), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rodriguez 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 $50,000.00 on March 11, 2023.

Allegations are overconcentration of client assets into a single illiquid investment.

Broker David Bibo in Western International Securities, INC. Firm Has Customer Complaint

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Bibo (Bibo), previously associated with Western International Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bibo 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 March 14, 2023.

Misrepresentation; Unsuitable Recommendations

Broker James Kent in Emerson Equity LLC Firm Has Customer Complaint

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Kent (Kent), previously associated with Emerson Equity LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kent 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 $90,000.00 on March 14, 2023.

Violations of federal securities laws, fraud, violations of Georgia securities act, unsuitable recommendations, misrepresentations, omissions of material fact, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence

Broker Eric Dec in Emerson Equity LLC Firm Has Customer Complaint

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Dec (Dec), previously associated with Emerson Equity LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dec 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 $125,000.00 on March 14, 2023.

Violations of Federal Securities Laws, fraud, violations of the Georgia securities act, unsuitable recommendations, misrepresentations and omission of material fact, breach of contract, common law fraud, breach of fiduciary duty, negligence and gross negligence.

There are Recent Customer Complaints with Broker Thomas Van Horn in Firm Moloney Securities Co., INC.

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Van Horn (Van Horn), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Van Horn 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 $50,000.00 on March 13, 2023.

Suitability/negligence. 2020

There are Recent Customer Complaints with Broker Marion Leonberger in Firm American Equity Investment Corporation

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marion Leonberger (Leonberger), previously associated with American Equity Investment Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Leonberger 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 $100,000.00 on March 15, 2023.

Investments made on September 2018. September 2019, August 2020 and September 2020 in GWG L-bond. L-Bond stopped paying interest in February 2022 and in April, 2022, GWG filed for re-organization under Chapter 11 bankruptcy. Plan to exit bankruptcy currently being reviewed by court.

There are Recent Customer Complaints with Broker Timothy Peoples in Firm Regulus Financial Group, LLC

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Peoples (Peoples), currently associated with Regulus Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peoples 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 March 15, 2023.

Investments made on September 2018. September 2019, August 2020 and September 2020 in GWG L-bond. L-Bond stopped paying interest in February 2022 and in April, 2022, GWG filed for re-organization under Chapter 11 bankruptcy. Bankruptcy plan and Wind Down Trust have been approved by the court.

There are Recent Customer Complaints with Broker Paul Gomperz in Firm IBN Financial Services, INC.

September 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Gomperz (Gomperz), previously associated with IBN Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gomperz 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 $158,000.00 on March 14, 2023.

Suitability in GWG holdings

Broker Noele Pace in LPL Enterprise, LLC Firm Has Customer Complaint

September 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Noele Pace (Pace), previously associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pace 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 $8,165.80 on March 20, 2023.

Customer Alleges the rep failed to disclose charges, expenses and fees.

Broker Alexander Page in Morgan Stanley Firm Has Customer Complaint

September 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alexander Page (Page), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Page 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 $18,000.00 on March 18, 2023.

Client had First Republic stock in her portfolio, which fell significantly over the course of a week. On March 14th client complained that she had not given discretionary authority. RIA and advisor sent client paperwork indicating discretion that client signed off on. Client claimed they were Schwab documents and not internal documents. Advisor sent internal documents indicating a digital signature from client, which indicated discretion, but it lacked a date and time stamp.