Securities Lawyers Blog

There are Recent Customer Complaints with Broker Nicole Bailey in Firm RBC Capital Markets, LLC

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicole Bailey (Bailey), currently associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bailey 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 $100,000.00 on December 15, 2023.

Claimant alleges that, in 2022, its financial advisor recommended unsuitable investments in mortgage-backed securities.

There are Recent Customer Complaints with Broker Adam Marquardt in Firm Cetera Advisors LLC

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Marquardt (Marquardt), previously associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Marquardt 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 $3,300,000.00 on December 14, 2023.

Claimants generally allege unsuitability, failure to supervise, and negligence.

Broker Steven Schmitt in Raymond James & Associates, INC. Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Schmitt (Schmitt), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Schmitt 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 $385,161.00 on December 18, 2023.

Claimant alleged, inter alia, that the investments strategy executed in the client’s account was unsuitable 2018-2022.

There are Recent Customer Complaints with Broker Kathie Foreman in Firm Calton & Associates, INC.

June 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $50,000.00 on December 14, 2023.

Arbitration Statement of Claim alleged misrepresentation and negligence in connection with the investments purchased in 2011 and 2012. Claimant further alleges the BD supervision of the claimant’s account was inadequate.

There are Recent Customer Complaints with Broker Andrew Murdoch in Firm Somerset Securities, INC.

June 14, 2025 | by Staff Attorney

Currently financial advisor Andrew Murdoch (Murdoch), currently employed by brokerage firm Somerset Securities, INC. 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 $168,000.00 on December 14, 2023.

Alleged unsuitable recommendation to purchase iCap Equities private placement. iCap Equities filed for bankruptcy on 9/12/2023.

Broker Jefferson Dyer in Money Concepts Capital CORP Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jefferson Dyer (Dyer), previously associated with Money Concepts Capital CORP, has at least one disclosable event. These events include one customer complaint, alleging that Dyer 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 December 14, 2023.

The customer alleges investments were unsuitable and misrepresented. Statement of Claim includes allegation of violation of Virginia Blue Sky Laws.

There are Recent Customer Complaints with Broker Tricia Zelinka in Firm Morgan Stanley

June 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 14, 2023.

Claimant alleged, inter alia, that the investments strategy executed in the client’s account was unsuitable 2021-2023

Broker Genevieve Mar in Berthel, Fisher & Company Financial Services, INC. Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Genevieve Mar (Mar), currently associated with Berthel, Fisher & Company Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mar 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 $99,999.00 on December 18, 2023.

The claimants allege that the investments they purchased from 2012 to 2015 were unsuitable and misrepresented to them by the representative. In addition, the claimants allege the firm failed to supervise the representative’s activities.

Broker Frank Chan in Osaic Wealth, INC. Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Chan (Chan), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chan 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 $1,521,706.00 on December 18, 2023.

Mr. Chan is named as a respondent where the claimants allege that another registered representative recommended investments that were largely concentrated in illiquid, speculative, low-quality, and high commission non-traded real estate investment trusts and Business Development Companies.

Broker Linda Derickson in Founders Financial Securities LLC Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Linda Derickson (Derickson), currently associated with Founders Financial Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Derickson 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 13, 2023.

Claimant alleges negligent, improper conduct, breach of contract, breach of fiduciary duty, negligence, negligent supervision,\, and violation of applicable laws and industry rules as it relates to the sale of an illiquid product in a retirement account.