Securities Lawyers Blog

Broker Jeffrey Johnston in LPL Financial LLC Firm Has Customer Complaint

July 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Johnston (Johnston), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Johnston 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 31, 2023.

Statement of Claim alleges the financial professional recommended an unsuitable investment. Claimant suggests the investment was misrepresented to him.

Broker Randall Skrabonja in Green Vista Capital, LLC Firm Has Customer Complaint

July 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Randall Skrabonja (Skrabonja), previously associated with Green Vista Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Skrabonja 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 $1,000,000.00 on October 27, 2023.

CLAIMANTS ALLEGE BREACH OF FIDUCIARY DUTY; VIOLATION OF FINRA RULES , BREACH OF CONTRACT AND NEGLIGENCE; AND NEGLIGENT SUPERVISION.

Broker Larry Lucco in Nfp Advisor Services, LLC Firm Has Customer Complaint

July 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Larry Lucco (Lucco), previously associated with Nfp Advisor Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lucco 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 30, 2023.

Claimant alleges Lucco allowed the claimant’s life insurance policies to lapse and misrepresented this to the claimants. Claimants also allege Lucco made unauthorized transactions.

Broker John Davenport in Liberty Partners Financial Services, LLC Firm Has Customer Complaint

July 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Davenport (Davenport), previously associated with Liberty Partners Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Davenport 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 October 30, 2023.

The Claimants allege that the financial professional sold them an alternative investment that was unsuitable.

Broker John Tofilon in Morgan Stanley Firm Has Customer Complaint

July 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Tofilon (Tofilon), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Tofilon 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 $340,000.00 on October 30, 2023.

Claimants allege, inter alia, misrepresentation with respect to municipal bonds investment – 2018 to May 2023

Broker Cary Cowan in Cadaret, Grant & Co., INC. Firm Has Customer Complaint

July 2, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on October 30, 2023.

Unexpected reduction of guaranteed benefit payment as a result of excess annual withdrawals that were not identified by financial professional.

There are Recent Customer Complaints with Broker Elizabeth Engle in Firm Purshe Kaplan Sterling Investments

July 1, 2025 | by Staff Attorney

Previously financial advisor Elizabeth Engle (Engle), previously employed by brokerage firm Purshe Kaplan Sterling Investments has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $45,000.00 on November 03, 2023.

Client alleges unsuitable recommendations by the rep as well as breach of fiduciary duty and negligence in the sale of Cole Office and Industrial REITs.

Broker Stephen Vanesko in Nylife Securities LLC Firm Has Customer Complaint

July 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 07, 2023.

Customer alleges the Variable Annuity policy he purchased in May 2023 has a long holding period that does not provide liquidity. He further alleges that this product does not take into consideration his age or his limited knowledge of the product.

There are Recent Customer Complaints with Broker Joseph Foldhazy in Firm David Lerner Associates, INC.

July 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Foldhazy (Foldhazy), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Foldhazy 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 $48,000.00 on November 06, 2023.

Unsuitability

There are Recent Customer Complaints with Broker Nancy Zak in Firm Arque Capital, Ltd.

July 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $1,000,000.00 on November 02, 2023.

Claimants allege representative and the firm took advantage of them in order to enrich themselves by recommending they invest in an offering they claim to be fraudulent.