Securities Lawyers Blog

There are Recent Customer Complaints with Broker Jeffrey Hejza in Firm LPL Financial LLC

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Hejza (Hejza), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hejza 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 $5,000,000.00 on March 26, 2024.

Claimants allege that advisor negligently allowed a term life insurance policy to lapse.

Broker Lisa Ditkowsky in LPL Financial LLC Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 25, 2024.

Claimant alleges that during the time period August 2018 to October of 2022, representative failed to make trades in her accounts, and failed to timely respond to requests.

There are Recent Customer Complaints with Broker Timothy Fraser in Firm LPL Financial LLC

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Fraser (Fraser), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fraser 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 $2,000,000.00 on March 25, 2024.

Claimant alleges that during the time period 2011-2023, representative recommended unsuitable investments in variable annuities.

Broker Michael Nichols in Nylife Securities LLC Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 24, 2024.

With regard to a fixed annuity policy purchased in April 2016, the Policyowner alleged the funds, received from another firm, were intended as a retirement investment and due to inaccurate information received from the RR, she missed growth opportunity for several years.

Broker Brian Napier in Ausdal Financial Partners, INC. Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Napier (Napier), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Napier 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 $150,000.00 on March 25, 2024.

Negligence and Negligent Supervision, Violations of the Indiana Securities Act, Breach of Fiduciary Duty, Violation of FINRA Conduct Rules and NYSE Board Rules.

There are Recent Customer Complaints with Broker Max Elson in Firm Morgan Stanley

May 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 27, 2024.

Claimants allege, inter alia, that the investments strategy executed in the client’s account was unsuitable – 2021 – 2022

Broker Anselmo Contreras in Ifs Securities Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Anselmo Contreras (Contreras), previously associated with Ifs Securities, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Contreras 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 March 26, 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 Kevin Gutwein in MML Investors Services, LLC Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Gutwein (Gutwein), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gutwein 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 $350,000.00 on March 25, 2024.

The complainants allege that their Whole Life Policies, that were issued on/or about July 7, 2022, and the Alternative Investment/Limited Partnership they invested in, in/and around December 2022, were both unsuitable recommendations.

Broker William Hurckes in Ausdal Financial Partners, INC. Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Hurckes (Hurckes), currently associated with Ausdal Financial Partners, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hurckes 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 $150,000.00 on March 25, 2024.

Violation of Federal Securities Laws, Violation of IL Consumer Fraud and Deceptive Business Practices Act, Violation of IL Securities Law, Breach of Contract, Common Law Fraud, Breach of Fiduciary Duty, Negligence and Gross Negligence.

Broker Jason Murphy in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

May 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Murphy (Murphy), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Murphy 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 $160,000.00 on March 25, 2024.

Customer alleges that investment account was to have very little risk, and that registered representative advised customer that investing in a certain stock in 2019 and 2020 had almost no risk, which resulted in losses.