Securities Lawyers Blog

Broker David Shaw in Cetera Advisor Networks LLC Firm Has Customer Complaint

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Shaw (Shaw), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shaw 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 $99,093.00 on November 08, 2023.

Client’s daughter alleged her mother’s account was invested too aggressively and lost significant value.

Broker Justin May in LPL Financial LLC Firm Has Customer Complaint

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Justin May (May), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that May 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 $395,000.00 on November 09, 2023.

Claimant alleges that during the approximate time period 2019-2022, representative recommended investments that were unsuitable for the customer’s investment profile and risk tolerance.

Broker Celeste Leung in Cambridge Investment Research, INC. Firm Has Customer Complaint

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Celeste Leung (Leung), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Leung 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 November 09, 2023.

NOTE: Updating Occurrence 2309665 to change the alleged damage amount to $1,000,000 and to update status. Customer alleges misrepresentation regarding variable annuity investment. Activity dates 12.28.21 – 12.28.21.

There are Recent Customer Complaints with Broker Lawrence Waller in Firm Stonex Securities INC.

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Waller (Waller), previously associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Waller 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 $135,000.00 on November 09, 2023.

Claimant alleges breach of fiduciary duty caused by failure to properly asset allocate and diversify assets.

Broker Joseph Audia in Vcs Venture Securities Firm Has Customer Complaint

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Audia (Audia), currently associated with Vcs Venture Securities, has at least one disclosable event. These events include one customer complaint, alleging that Audia 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 $350,000.00 on November 09, 2023.

CHURNING, NEGLIGENCE & UNSUITABILITY, UNAUTHORIZED TRADING, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, UNJUST ENRICHMENT, NEGLIGENT MISREPRESENTATION AND OMISSIONS, LOST OPPORTUNITY DAMAGES AND PUNITIVE DAMAGES. THE CLAIMANT’S STATEMENT OF CLAIM AS PREPARED BY CLAIMANT’S COUNSEL DOES NOT PROVIDE DATES WHEN THE ACTIVITIES TOOK PLACE.

There are Recent Customer Complaints with Broker Carroll Wilson in Firm Wells Fargo Clearing Services, LLC

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carroll Wilson (Wilson), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 $26,916.17 on November 07, 2023.

Trustee alleges that the representative was not selling it still after she asked him to in November.

There are Recent Customer Complaints with Broker Gregory Libby in Firm Morgan Stanley

June 30, 2025 | by Staff Attorney

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

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

Client alleges investment strategy implemented in retirement plan was unsuitable.

Broker Norman Coates in Osaic Wealth, INC. Firm Has Customer Complaint

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Norman Coates (Coates), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Coates 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 November 09, 2023.

Claimant alleges that during the time period 2016 to 2021, representative made unsuitable investment recommendations.

There are Recent Customer Complaints with Broker John Reidy in Firm Osaic Wealth, INC.

June 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Reidy (Reidy), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Reidy 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 November 10, 2023.

Claimant alleges that the representative recommended alternative investments that were unsuitable. Allegations include negligence and breach of fiduciary duty.

There are Recent Customer Complaints with Broker Brian Freeman in Firm Cetera Advisor Networks LLC

June 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 08, 2023.

Client alleges unsuitable recommendation regarding variable life\, insurance policy.