Securities Lawyers Blog

Broker Brian Springberg in Osaic Wealth, INC. Firm Has Customer Complaint

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Springberg (Springberg), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Springberg 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 $31,026.00 on October 04, 2022.

Claim alleges representative failed to act as instructed and contrary to client interest by investing trust funds in unsuitable investments given risk tolerance and timeframe.

There are Recent Customer Complaints with Broker Lawrence Cervantes in Firm Wells Fargo Clearing Services, LLC

August 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 22, 2022.

Trustee complained that there was a delay in his instructions to sell, which resulted in losses. (6/23/2022-7/8/2022)

There are Recent Customer Complaints with Broker Mark Pollmann in Firm PFS Investments INC.

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Pollmann (Pollmann), currently associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Pollmann 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 $54,821.00 on September 27, 2022.

CUSTOMER ALLEGES A RECOMMENDATION TO SURRENDER ANNUITY PRODUCTS WAS NOT SUITABLE AND THAT SURRENDER CHARGES WERE NOT ADEQUATELY DISCLOSED.

There are Recent Customer Complaints with Broker Maria Johnson in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maria Johnson (Johnson), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Johnson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on September 19, 2022.

The customers allege that the registered representative did not take their best interests into consideration when a loan was taken against their Chevron stock in July 2020.

Broker Shawn Bumgardner in Ameriprise Financial Services, LLC Firm Has Customer Complaint

August 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $500,000.00 on October 04, 2022.

Shawn Bumgardner was a subject of the customer’s complaint against his member firm that asserted the following causes of action: violation of the Michigan Uniform Securities Act; negligence; failure to act in Claimant’s best interest; misrepresentation and omission of material facts; violations of other industry standards of care, including FINRA Rules 2010, 2090, 2020, and 3110; breach of fiduciary duty; breach of contract; and respondeat superior.

There are Recent Customer Complaints with Broker Jose Vidueira in Firm Kestra Investment Services, LLC

August 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 16, 2022.

Client alleges unauthorized trading in his account from February 2022 to August 2022

There are Recent Customer Complaints with Broker Naomi Johnson in Firm Capital Investment Group, INC.

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Naomi Johnson (Johnson), previously associated with Capital Investment Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 $10,000.00 on September 20, 2022.

The two purchases of GWG Holdings, Inc. made by [REDACTED], which are the subject of the statement of claim, were: $10,000 in March, 2019 and $20,000 in June, 2020. Naomi Johnson was her representative only on the $10,000 purchase in March, 2019, prior to her retirement from Capital Investment Group, Inc.

Broker Michael Hamilton in UBS Financial Services INC. Firm Has Customer Complaint

August 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 23, 2022.

Time Frame: May19, 2022 to September 23, 2022\, \, What were the allegations against the individual? The client alleges his Financial Advisor failed to get him out of his unsuitable assets as instructed. The alleged damaged are estimated to be in excess of $5,000.00

There are Recent Customer Complaints with Broker David Reo in Firm Innovation Partners LLC

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Reo (Reo), previously associated with Innovation Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Reo 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 $350,000.00 on September 14, 2022.

Client wanted income investment, showed them variety of choices, bonds, UIT, Direct Investment

There are Recent Customer Complaints with Broker Howard Jones in Firm Cetera Investment Services LLC

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Howard Jones (Jones), currently associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jones 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 $75,000.00 on September 29, 2022.

Claimant generally alleges suitability, misrepresentation, breach of contract, and failure to supervise.