Securities Lawyers Blog

Broker Dale Anderson 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 Dale Anderson (Anderson), previously 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 Anderson 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 James Vaughn in the Strategic Financial Alliance, INC. Firm Has Customer Complaint

June 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Vaughn (Vaughn), previously associated with the Strategic Financial Alliance, INC., has at least one disclosable event. These events include one customer complaint, alleging that Vaughn 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 February 22, 2024.

Claimants allege breach of fiduciary duty, negligence, and negligent supervision between 2019 and 2022.

Broker Phillip Sherrill 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 Phillip Sherrill (Sherrill), 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 Sherrill 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 Thomas Mcdonald in Firm Mcdonald Partners LLC

June 1, 2025 | by Staff Attorney

Previously financial advisor Thomas Mcdonald (Mcdonald), previously 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 Chris Benson in Nylife Securities LLC Firm Has Customer Complaint

May 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 06, 2024.

The Customer alleges he was misled when he purchased a variable universal life policy in December 2022.

There are Recent Customer Complaints with Broker Jason Mitsuda in Firm LPL Enterprise, LLC

May 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Mitsuda (Mitsuda), currently associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mitsuda 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 March 08, 2024.

Claimants allege RR Mitsuda recommended unsuitable investment products.

Broker Mark Beck in Ameriprise Financial Services, LLC Firm Has Customer Complaint

May 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Beck (Beck), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Beck 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 $149,476.40 on March 06, 2024.

Claimant alleges that an investment recommendation was unsuitable based upon his investment profile; claimant further alleges that the investment was misrepresented. The investment was made in January 2023.

There are Recent Customer Complaints with Broker Greyson Kilmer in Firm Nylife Securities LLC

May 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 07, 2024.

The policyowners allege the variable annuities they purchased in June and July 2021 respectively do not meet their retirement needs and request to terminate the variable annuity policies and waive or modify the surrender charges.

There are Recent Customer Complaints with Broker Cindy Ghattas in Firm Waddell & Reed

May 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cindy Ghattas (Ghattas), previously associated with Waddell & Reed, has at least one disclosable event. These events include one customer complaint, alleging that Ghattas 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 $1,000,000.00 on March 06, 2024.

Alleged breach of fiduciary duty, negligence/gross negligence, negligent misrepresentation, intentional misrepresentations/omissions, breach of contract, violation of the North Carolina Securities Act, and violation of the Kansas Securities Act regarding options trading from February 2017 to September 2023.

There are Recent Customer Complaints with Broker Matthew Westberry in Firm Scf Securities, INC.

May 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Westberry (Westberry), previously associated with Scf Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Westberry 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 $25,000.00 on March 08, 2024.

The Statement of Claim alleges the financial professional recommended a speculative, illiquid, high commission product that was unsuitable for the clients. It is alleged this recommendation exposed clients to unnecessary risk.