Securities Lawyers Blog

There are Recent Customer Complaints with Broker Daniel Lundquist in Firm Ausdal Financial Partners, INC.

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Lundquist (Lundquist), currently associated with Ausdal Financial Partners, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lundquist 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 $50,000.00 on February 26, 2024.

UNSUITABLE INVESTMENT AND LACK OF DUE DILIGENCE RELATED TO THE PURCHASE OF GWG L BONDS IN MARCH 2021.

There are Recent Customer Complaints with Broker William Harvey in Firm Janney Montgomery Scott LLC

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Harvey (Harvey), currently associated with Janney Montgomery Scott LLC, has at least one disclosable event. These events include one customer complaint, alleging that Harvey 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 $499,000.00 on February 27, 2024.

Claimants allege that their accounts held unsuitable long term fixed income products.

Broker John Freiburger in Kestra Investment Services, LLC Firm Has Customer Complaint

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Freiburger (Freiburger), currently associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Freiburger 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 February 20, 2024.

Claimants allege the financial professional made an unsuitable recommendation.

There are Recent Customer Complaints with Broker John Pronovost in Firm Osaic Institutions, INC.

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pronovost (Pronovost), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pronovost 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 February 07, 2024.

The Statement of Claim alleges the financial professional recommended unsuitable investments given the client’s age and stated objectives. It is alleged that these recommendations resulted in significant losses to the client.

Broker Karen Geiger in Cape Securities INC. Firm Has Customer Complaint

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Karen Geiger (Geiger), previously associated with Cape Securities INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Geiger 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 $190,000.00 on February 23, 2024.

Claimant alleges misrepresentation of the investment, failure to perform due diligence, unsuitable nature of investments, failure to disclose degree of risk including extreme liquidity risk, fraud, negligent supervision, violations of federal securities laws, violations of Ohio securities laws, breach of contract, breach of duty of care, breach of fiduciary duty. The time period of such activities: 7 /2015 through 10/2020.

Broker Richard Rustic in Commonwealth Financial Network Firm Has Customer Complaint

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Rustic (Rustic), currently associated with Commonwealth Financial Network, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rustic recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 23, 2024.

Daughter of deceased client alleging advisor breached his fiduciary duty when he allowed the decedent to sign a change of beneficiary form, changing the beneficiary of several IRAs from the daughter to the decedent’s wife.

There are Recent Customer Complaints with Broker William Harvey in Firm Janney Montgomery Scott LLC

June 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Harvey (Harvey), currently associated with Janney Montgomery Scott LLC, has at least one disclosable event. These events include one customer complaint, alleging that Harvey 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 $499,000.00 on February 27, 2024.

Claimants allege that their accounts held unsuitable long term fixed income products.

Broker Max Birkinbine in Ausdal Financial Partners, INC. Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Max Birkinbine (Birkinbine), currently associated with Ausdal Financial Partners, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Birkinbine 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 $120,000.00 on March 01, 2024.

VIOLATION OF COMMON LAW; NEGLIGENT SUPERVISION; BREACH OF FIDUCIARY DUTY; VIOLATION ON MINNESOTA UNIFORM SECURITIES ACT. Bakkan investments made in 2012 and 2014. GWG investment made in 2018.

Broker Elamparithi Rajaguru in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

June 20, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 05, 2024.

Customer alleges recommendations not in his best interests between July 2021 and February 2022.

There are Recent Customer Complaints with Broker Kwame Adusei in Firm Morgan Stanley

June 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kwame Adusei (Adusei), previously associated with Morgan Stanley, has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Adusei recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 28, 2024.

Respondent Adusei failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.