Securities Lawyers Blog

There are Recent Customer Complaints with Broker William Sheehan in Firm Dfpg Investments, LLC

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Sheehan (Sheehan), previously associated with Dfpg Investments, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sheehan 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 $475,000.00 on December 13, 2023.

Claimant alleges recommendation made was unsuitable

Broker David Wilson in Osaic Institutions, INC. Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Wilson (Wilson), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 $700,000.00 on December 18, 2023.

Customer alleges registered representative followed trade instructions by an unauthorized party. Activity dates January 2021- March 31, 2021.

Broker Elaine Hartman in Independent Financial Group, LLC Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,618,000.00 on December 14, 2023.

Statement of Claim contains allegations of breach of fiduciary duty, negligence, negligent misrepresentation, negligent supervision, breach of contract, churning, excessive trading, fraud and deceit, and unfair business practices/unfair competition.

Broker John Soukup in LPL Financial LLC Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Soukup (Soukup), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Soukup 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 December 14, 2023.

07/20/2022 – 12/07/2023 The client alleges that his advisor purchased AAPL stock without permission. The client alleged that LPL’s back office failed to provide a revised 1099R per the client’s request for a corrected return. Due to the delay, the client incurred $6,000 in attorney’s fees. The client demanded that LPL reimburse his attorney’s fee, or he would report his advisor for unauthorized trading of an equity position.

Broker Gene West in RBC Capital Markets, LLC Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gene West (West), currently associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that West 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 its financial advisor recommended the use of margin to achieve liquidity but “downplayed the risk” of using the margin account in the time frame 2022-2023.

Broker Edward Carchia in Morgan Stanley Firm Has Customer Complaint

June 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Carchia (Carchia), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Carchia 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 2010-2023

There are Recent Customer Complaints with Broker Charles Evan in Firm MML Investors Services, LLC

June 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 18, 2023.

The complainant alleges that the rep misrepresented a universal life policy that he sold to her in/around 2008, which was funded with money from variable annuities and a 401k purchased in/around 2008. She also alleges that the producer charged her consulting fees, misled her and that she trusted his advise to purchase the UL, VAs and the 401k.

There are Recent Customer Complaints with Broker Dean Toscano in Firm Gpwa, LLC

June 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dean Toscano (Toscano), currently associated with Gpwa, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Toscano 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 December 19, 2023.

The Claimant alleges that the financial professional sold them an alternative investment that was unsuitable The product sale took place on 8/4/2015 and the account was transferred on 11/18/2016.

Broker Adam Bishop in Equitable Advisors, LLC Firm Has Customer Complaint

June 13, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 19, 2023.

Claimant alleges REIT purchased was unsuitable.

There are Recent Customer Complaints with Broker Stephen Webb in Firm Equitable Advisors, LLC

June 13, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 19, 2023.

Claimant alleges REIT purchased was unsuitable.