Securities Lawyers Blog

Broker Frank Nickey in Ameriprise Financial Services, LLC Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 21, 2020.

Claimant alleges that sometime after 2009, FA recommended unsuitable investments in Puerto Rican Bonds and MLP mutual funds.

There are Recent Customer Complaints with Broker Stephanie Brown in Firm Morgan Stanley

July 7, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 17, 2020.

Attorney for estate alleged, inter alia, that new FA team did not prevent conversion of funds by POA from accounts of now deceased client- 2013 to 2019

Broker Michael Lee in Nylife Securities LLC Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 20, 2020.

Customer alleged that sale of stocks and purchase of two variable annuities in November 2019 was not explained to her. The Firm settled the complaint by reimbursing the surrender charges in the amount of $32,726.72

Broker Stephen Fry in Woodbury Financial Services, INC. Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Fry (Fry), previously associated with Woodbury Financial Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Fry 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 $1,300,000.00 on July 17, 2020.

Client alleged the representative utilized her funds for his own use and benefit.

There are Recent Customer Complaints with Broker Karleen Halliwell in Firm Rockefeller Financial LLC

July 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Karleen Halliwell (Halliwell), currently associated with Rockefeller Financial LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Halliwell 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 $200,000.00 on July 21, 2020.

Time frame: 2019-2020\<char_lb_r>\, Claimants’ counsel alleges misrepresentation and negligence with respect to recommendation to invest in a mutual fund presented as a money market alternative.

Broker Bain Chadsey in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bain Chadsey (Chadsey), previously associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Chadsey 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 July 22, 2020.

Attorney for client alleged that the financial advisor transacted numerous trades in the account with no appreciable benefit to the client but generated commissions. (6/29/2002-7/19/2016)

There are Recent Customer Complaints with Broker Barry Rubin in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

July 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Barry Rubin (Rubin), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rubin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on July 20, 2020.

The beneficiaries allege that the Trustee failed to pay insurance premiums resulting in a policy lapse.

Broker Kenneth Mcguire in Aag Capital, Inc Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

Currently financial advisor Kenneth Mcguire (Mcguire), currently employed by brokerage firm Aag Capital, 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 $125,000.00 on July 20, 2020.

The clients invested in two privately-held REITs in 2014. The REITs went public in 2018 and their values declined on the open market. The clients allege that the recommendation of the REITS, was unsuitable.

Broker Thomas Freeze in Raymond James Financial Services, INC. Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Freeze (Freeze), previously associated with Raymond James Financial Services, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Freeze 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 $46,410.00 on July 21, 2020.

Client alleges advisor misrepresented the features of an annuity.

Broker Carmine Lopresti in Osaic Wealth, INC. Firm Has Customer Complaint

July 7, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carmine Lopresti (Lopresti), currently associated with Osaic Wealth, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lopresti 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 July 17, 2020.

Claimants allege fraud, negligence, breach of fiduciary duty, and breach of contract