Securities Lawyers Blog

Broker Damian Baird in Moors & Cabot, INC. Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Damian Baird (Baird), previously associated with Moors & Cabot, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Baird recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on September 29, 2023.

Baird was named a respondent in a FINRA complaint alleging that he failed to provide information and documents and failed to appear for on-the-record testimony requested by FINRA as a part of two separate investigations into his conduct. The complaint alleges that FINRA’s investigations were concerning discovery in FINRA arbitrations and, separately, whether Baird altered a customer check and attempted to convert customer funds. Baird’s failure to provide the requested documents and information impeded FINRA’s investigations and his testimony was material to FINRA’s investigation concerning whether he altered a customer check and attempted to convert customer funds.

Broker Michael Spector in Morgan Stanley Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Spector (Spector), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Spector 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 October 02, 2023.

CLIENT’S ATTORNEY ALLEGES, INTER ALIA, THAT THE COVERED CALL STRATEGY RECOMMENDED WAS UNSUITABLE 2019-2023.

Broker Mark Arthur in Centaurus Financial, INC. Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

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

The customer alleges that in December 2018, the Registered Representative recommended an unsuitable, speculative, high-risk, illiquid investment and breached his fiduciary duty.

Broker Kenneth Ramos in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Ramos (Ramos), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Ramos 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 $1,300,000.00 on October 02, 2023.

Claimant alleges breach of fiduciary duty, unsuitable investments, unauthorized transactions, failure to act in the “best interest” of the Claimant, excessive commissions, misrepresentations and omissions, negligence, and violation of state and federal securities laws.

There are Recent Customer Complaints with Broker Shimshon Plotkin in Firm Independent Financial Group, LLC

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shimshon Plotkin (Plotkin), previously associated with Independent Financial Group, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Plotkin 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 $280,000.00 on September 29, 2023.

Claimant, through his counsel, claims that the one investment that did not perform as expected was unsuitable.

Broker Gayle Dilla in Nbc Securities, INC. Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 29, 2023.

Client’s attorney alleges unauthorized withdrawals that caused the client to incur a tax liability.

Broker Craig Sturges in Centaurus Financial, INC. Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Craig Sturges (Sturges), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sturges 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 $27,438.79 on October 02, 2023.

The customers allege that in October 2022, the Registered Representative misrepresented, recommended an unsuitable investment and breached his fiduciary duty.

Broker Robert Rasbach in Kingswood Capital Partners, LLC Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Rasbach (Rasbach), currently associated with Kingswood Capital Partners, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rasbach 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 $500,000.00 on October 02, 2023.

Allegation period: October 1, 2014 the date of the first purchase of SOAEX to October 2, 2023 the date the SOC was received. Allegations: Robert Rasbach U5 – E11, E12, SOAEX – unsuitability, misrepresentation/omission.

There are Recent Customer Complaints with Broker Ricky Mantei in Firm Centaurus Financial, INC.

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ricky Mantei (Mantei), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mantei 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 $499,000.00 on October 02, 2023.

The customers allege that the Registered Representative supervised by the named Branch Manager recommended unsuitable, high-risk, speculative illiquid investments and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

Broker Dave Hutchison in Cetera Advisors LLC Firm Has Customer Complaint

July 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dave Hutchison (Hutchison), currently associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hutchison 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 $800,000.00 on September 28, 2023.

Claimant allege breach of fid. Duty, negligence and negligent supervision.