Securities Lawyers Blog

There are Recent Customer Complaints with Broker Scott Sadar in Firm Pacific Select Distributors, LLC

June 22, 2025 | by Staff Attorney

Currently financial advisor Scott Sadar (Sadar), currently employed by brokerage firm Pacific Select Distributors, LLC has been subject to at least 2 disclosable events. These events include 2 customer complaints. 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 $610,000.00 on December 11, 2023.

Alleged unsuitable recommendation to purchase iCap Equity private placement. iCap Equities filed for bankruptcy on 9/29/2023.

There are Recent Customer Complaints with Broker Jeffrey Glazer in Firm A.g.p. / Alliance Global Partners

June 22, 2025 | by Staff Attorney

Currently financial advisor Jeffrey Glazer (Glazer), currently employed by brokerage firm A.g.p. / Alliance Global Partners 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 $500,000.00 on December 12, 2023.

Client alleges he was invetsed in usnsuaitable private placements and charged excessive commisions.

Broker Mitchell Biernick in Newbridge Securities Corporation Firm Has Customer Complaint

June 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mitchell Biernick (Biernick), previously associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Biernick 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 $201,226.63 on December 11, 2023.

Individual claims they had no knowledge that they were in a Variable Annuity for the last 7 Years. They thought it was fixed. Individual wrote a letter and signed off stating they were aware they were entering into a variable annuity and understand the risk. Individual was never a customer of the firm.

Broker Nikki Marshall in Neuberger Berman Bd LLC Firm Has Customer Complaint

June 22, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 11, 2023.

Claimants have been investment advisory clients of Respondent for more than fifteen years. They allege that they incurred damages as a result of Respondents’ provision of erroneous supplemental monthly performance reports from December 2022 through October 2023. Respondents consider the claims to be entirely without merit and intend to vigorously defend themselves.

There are Recent Customer Complaints with Broker Barbara Borowsky in Firm Dempsey Lord Smith, LLC

June 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Barbara Borowsky (Borowsky), currently associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Borowsky 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 $100,001.00 on December 10, 2023.

FAILED TO CONDUCT REASONABLE DUE DILIGENCE \, UNSUITABLE RECOMMENDATION OF HIGH-RISK INVESTMENT

Broker Cheryl Knight in the Strategic Financial Alliance, INC. Firm Has Customer Complaint

June 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cheryl Knight (Knight), currently associated with the Strategic Financial Alliance, INC., has at least one disclosable event. These events include one customer complaint, alleging that Knight 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 $500,000.00 on December 12, 2023.

Claimant alleges the firm failed to supervise the registered representative’s recommendations and activities, failing to prevent representative from recommending investments claimant believes were not in her best interest. Claimant further alleges representative did not make her aware of the risks, features, and costs associated with the investments.

Broker Stacy Goldsmith in Herbert J. Sims & Co, INC. Firm Has Customer Complaint

June 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stacy Goldsmith (Goldsmith), previously associated with Herbert J. Sims & Co, INC., has at least one disclosable event. These events include one customer complaint, alleging that Goldsmith 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 $150,000.00 on December 12, 2023.

Statement of claims alleges that investments were not in the best interest of the customer.

Broker Edward Hindman in Intervest International Equities Corporation Firm Has Customer Complaint

June 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Hindman (Hindman), previously associated with Intervest International Equities Corporation, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Hindman 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 $250,000.00 on December 08, 2023.

Claimant alleges Breach of Fiduciary duty and negligence, Failure to supervise, Material omissions, Breaches of contract and inadequate due diligence.

Broker Maneesh Gupta in PFS Investments INC. Firm Has Customer Complaint

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maneesh Gupta (Gupta), previously associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Gupta 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 $17,869.55 on February 26, 2024.

Customer alleged I misrepresented the features of his fixed annuity contracts.

There are Recent Customer Complaints with Broker Harrison Bauman in Firm Raymond James & Associates, INC.

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Harrison Bauman (Bauman), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bauman 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 $220,000.00 on January 19, 2024.

Claimant alleges FAs failed to follow her instructions to re-invest dividends from specified securities.