Securities Lawyers Blog

Broker Arnold Mcdonald in Mcdonald Partners LLC Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

Currently financial advisor Arnold Mcdonald (Mcdonald), currently employed by brokerage firm Mcdonald Partners LLC 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 pending customer complaint with a damage request of $425,900.00 on February 21, 2024.

Alleged failure to conduct due diligence on a private placement and unsuitability.

Broker Stevan Hoffman in Cambridge Investment Research, INC. Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Stevan Hoffman (Hoffman), currently associated with Cambridge Investment Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Hoffman 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 on February 22, 2024.

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

Broker Lawrence Depaul in Centaurus Financial, INC. Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Depaul (Depaul), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Depaul 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 $100,001.00 on February 21, 2024.

The customer alleges that during the period of 2019 through 2021, the Registered Representative recommended unsuitable, high-risk, illiquid investments, and breached his fiduciary duty.

There are Recent Customer Complaints with Broker Erik Volland in Firm Nfp Advisor Services, LLC

June 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Erik Volland (Volland), previously associated with Nfp Advisor Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Volland 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 Mr. Volland recommended the sale of unsuitable investments.

There are Recent Customer Complaints with Broker Jason Anderson in Firm Momentum Independent Network INC.

June 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Anderson (Anderson), currently associated with Momentum Independent Network INC., has at least one disclosable event. These events include one customer complaint, alleging that Anderson 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 $7,150.67 on February 23, 2024.

Claimant alleges misrepresentation with respect to the solicitation of a variable annuity.

There are Recent Customer Complaints with Broker John Mateyko in Firm Peachcap Securities, INC.

June 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Mateyko (Mateyko), currently associated with Peachcap Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mateyko 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 $1,000,000.00 on February 22, 2024.

Claimants allege breach of fiduciary duty and negligent misrepresentations related to corporate debt securities in which they transacted business.

Broker Bruce Berry in LPL Financial LLC Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Bruce Berry (Berry), currently associated with LPL Financial LLC, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Berry 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 on February 22, 2024.

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

There are Recent Customer Complaints with Broker Patrick Fels in Firm Goldman Sachs & CO. LLC

June 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on February 20, 2024.

KSFB Management, LLC (‘KSFB’) and Focus Financial Partners, LLC (‘Focus’) each engaged Goldman Sachs & Co. LLC (the ‘Firm’) as investment banker pursuant to an engagement letter. While not in the non-disclosure agreement referenced in the complaint, the parties’ engagement letter provided, among other things, that the Firm might currently be providing other advisory and/or investment banking services that could impact the transaction; the Firm was not a fiduciary of either company; and no claim could be brought against the Firm asserting breach of fiduciary duty. Nevertheless, KSFB has now filed litigation against Focus, the Firm, Patrick Fels and another individual alleging various common law claims against various parties, including breach of fiduciary duty, fraudulent concealment, and unjust enrichment. All defendants are moving to dismiss the complaint.

Broker Jeffrey Russell in Morgan Stanley Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 20, 2024.

Client alleges, inter alia, that a mutual fund was purchased in their account without their authorization 2021

Broker David Kaiser in Cambridge Investment Research, INC. Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker David Kaiser (Kaiser), currently associated with Cambridge Investment Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Kaiser 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 on February 22, 2024.

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.