Securities Lawyers Blog

Broker Shaun Stein in Arete Wealth Management, LLC Firm Has Customer Complaint

June 23, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Shaun Stein (Stein), currently associated with Arete Wealth Management, LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Stein concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $722,528.00 on December 07, 2023.

Claimant alleges excessive trading losses.

There are Recent Customer Complaints with Broker Kenneth Welsh in Firm Wells Fargo Clearing Services, LLC

June 23, 2025 | by Staff Attorney

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

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

Claimant alleges that beginning around September 2012, the financial advisor made unsuitable investments, specifically in unit investment trust (UIT) and exchange-traded funds (ETF), to maximize his compensation

Broker Christopher Wells in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

June 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 07, 2023.

Claimant alleges REIT purchased was unsuitable.

There are Recent Customer Complaints with Broker Steven Abraham in Firm Hornor, Townsend & Kent, LLC

June 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 07, 2023.

The complainant alleges that the registered representative surrendered her Fixed Annuity, with a Variable Annuity, on/or about November 21, 2022, without her permission, resulting in a surrender charge and loss of bonus money, and forged her signature on the Variable Annuity application to complete the transaction.

Broker Chelsea Deng in Morgan Stanley Firm Has Customer Complaint

June 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 05, 2023.

Clients allege financial advisor made certain misrepresentations and unsuitable investment recommendations.

There are Recent Customer Complaints with Broker John Anderson in Firm LPL Financial LLC

June 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Anderson (Anderson), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Anderson 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 December 06, 2023.

It is alleged that a $25,000 REIT investment was not appropriate for the customers. The alleged activity occurred between November 1, 2016 and December 31, 2016.

There are Recent Customer Complaints with Broker Alyce Weixler in Firm Morgan Stanley

June 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alyce Weixler (Weixler), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Weixler 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 $300,000.00 on December 07, 2023.

Client alleges, inter alia, misrepresentation with respect to the recommendation to sell certain securities in their accounts at the end of 2022

Broker Jeffrey Goldman in Chapin, Davis Firm Has Customer Complaint

June 23, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Jeffrey Goldman (Goldman), currently employed by Chapin, Davis has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Goldman’s most recent customer complaint alleges that Goldman recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $77,696.75 on December 06, 2023.

The client alleges that two Structured Notes purchased (01/22/2022 and 02/15/2022) were unsuitable.

There are Recent Customer Complaints with Broker Franz Warren in Firm J.P. Morgan Securities LLC

June 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Franz Warren (Warren), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Warren 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 $100,000.00 on December 07, 2023.

Claimant alleges violations with respect to the type of accounts opened, suitability of investment recommendations, and supervision of her accounts and financial advisor. Activity dates 12/3/21 – 11/6/23.

There are Recent Customer Complaints with Broker Peter Pace in Firm Cetera Advisor Networks LLC

June 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Pace (Pace), currently associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pace 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 December 06, 2023.

Claimant alleges she was recommended unsuitable investments.