Securities Lawyers Blog

Broker Joseph Cerullo in Edward Jones Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Cerullo (Cerullo), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Cerullo 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 $5,000.00 on October 11, 2023.

The client alleges he purchased a 6 month CD and believed he was quoted, and was expecting, the 12 month CD rate.

There are Recent Customer Complaints with Broker Sean Burr in Firm Centaurus Financial, INC.

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sean Burr (Burr), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Burr 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 $298,000.00 on October 06, 2023.

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

Broker Hyacinth Sikes in San Blas Securities LLC Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hyacinth Sikes (Sikes), previously associated with San Blas Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sikes 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 $31,873.00 on October 06, 2023.

[REDACTED] alleges that Ms. Henderson breached her fiduciary\<char_lb_r>\, duty and suitability obligations to [REDACTED] by a) recommending that she sell a previously-owned\<char_lb_r>\, Thrivent Variable Annuity to purchase an Asset Shield 10 Fixed Annuity, b) over-concentrating\<char_lb_r>\, her managed TD Ameritrade account in technology stocks and ETFs, and c) recommending an\<char_lb_r>\, Indexed Explorer Universal Life Insurance Policy tied to risk underlying investments by\<char_lb_r>\, misrepresenting the tax benefits and features of the policy.

There are Recent Customer Complaints with Broker Julio Rodriguez in Firm PFS Investments INC.

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Julio Rodriguez (Rodriguez), previously associated with PFS Investments 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 on October 04, 2023.

THE STATEMENT OF CLAIM ALLEGES THAT JULIO RODRIGUEZ DID NOT DISCLOSE ALL THE FEATURES OF THE MUTUAL FUNDS AND VARIABLE ANNUITY AND THE PRODUCTS WERE UNSUITABLE FOR THE CLIENT’S FINANCIAL NEEDS

Broker Ralph Thompson in Nylife Securities LLC Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on October 09, 2023.

The customer alleges that he was misled when he purchased a Variable Universal Life Insurance policy in October 2022 and would like to exit the policy without incurring penalties.

There are Recent Customer Complaints with Broker Eric Luckey in Firm Stonex Securities INC.

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Luckey (Luckey), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Luckey 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 October 04, 2023.

Claimants allege the Financial Advisor, under the supervision of SA Stone, were advised to transfer the Anchor Advisor II Variable Annuity (with a guaranteed death benefit) to a “1 year fixed” annuity. Claimants allege the Financial Advisor represented the fixed annuity would pay a lump sum death benefit (same as the variable) at time of death while providing a consistent income stream for [REDACTED] in her final days (Approx. $1206.80 per month starting in April 2021). Upon the death of [REDACTED], the claimants allege learning of no lump sum payment, only monthly payments instead for the next 18+ years. Claimants are requesting $125000.00 in damages.

There are Recent Customer Complaints with Broker Kari Larocco in Firm Ameriprise Financial Services, LLC

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kari Larocco (Larocco), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Larocco 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 $9,700.00 on October 03, 2023.

The client alleged that her advisor failed to liquidate all of her accounts, upon request, on or near to August 31, 2023. One managed account was not liquidated until September 28, 2023.

Broker John Kuehnle in Osaic Institutions, INC. Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kuehnle (Kuehnle), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kuehnle 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 $25,000.00 on October 10, 2023.

Allegations were that the REIT properties were not properly disclosed to the client.

Broker Adam Cavise in Revere Securities LLC Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on October 10, 2023.

Customer alleged that RR failed to follow instructions; specifically, instructed the RR to sell shares upon trading and additional shares, resulting in losses. Dates of activity were not indicated.

Broker Mark Cline in National Securities Corporation Firm Has Customer Complaint

July 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Cline (Cline), previously associated with National Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Cline 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 October 05, 2023.

Client claims GWG investment was not suitable.