Securities Lawyers Blog

Broker James Schwarz in UBS Financial Services INC. Firm Has Customer Complaint

July 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 12, 2023.

Time Frame: January 23rd 2023 to June 12th 2023\, \, What were the allegations against the individual? The client’s attorney alleges the portfolio of preferred securities was an unsuitable investment and the strategy was an overconcentration for his client. The client’s attorney further alleges that the client’s were repeatedly advised that everything is safe. The alleged damages are estimated to be in excess of $5,000.00.

There are Recent Customer Complaints with Broker Michael Quirk in Firm Cambridge Investment Research, INC.

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Quirk (Quirk), currently associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Quirk 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 $500,000.00 on September 22, 2023.

Statement of Claim alleges FP recommended unsuitable non-traded Real Estate Investment Trusts.

Broker Tyler Cardon in Fidelity Brokerage Services LLC Firm Has Customer Complaint

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tyler Cardon (Cardon), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cardon 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 $63,733.00 on September 14, 2023.

Customer alleged that the representative did not explain potential tax implications to invest in a managed account.

Broker Michael Dandrea in Arete Wealth Management, LLC Firm Has Customer Complaint

July 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on September 19, 2023.

Claims breach of contract, breach of fiduciary duty, churning, fraud, negligence, unauthorized and unsuitable trading

There are Recent Customer Complaints with Broker James Monken in Firm Morgan Stanley

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Monken (Monken), currently associated with Morgan Stanley, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Monken 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 $750,000.00 on September 21, 2023.

Claim alleges, inter alia, that the trading strategy implemented in the client’s account was not in her best interest 2020-2022

There are Recent Customer Complaints with Broker Marco Diflorio in Firm Nylife Securities LLC

July 8, 2025 | by Staff Attorney

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

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

The Customer alleges he was misled regarding surrender charges related to his variable annuity.

Broker Eric Stiba in Lion Street Financial, LLC Firm Has Customer Complaint

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Stiba (Stiba), currently associated with Lion Street Financial, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Stiba 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 September 21, 2023.

Alternative investment, client alleges alternative investment was an inappropriate recommendation.

There are Recent Customer Complaints with Broker Terrance Meyer in Firm Northwestern Mutual Investment Services, LLC

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Terrance Meyer (Meyer), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Meyer 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 $33,000.00 on September 15, 2023.

Customer alleged two variable life insurance policies were not fully explained and alleged breach of fiduciary duty.

Broker Joshua Baker in Oneamerica Securities, INC. Firm Has Customer Complaint

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joshua Baker (Baker), previously associated with Oneamerica Securities, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Baker 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 September 13, 2023.

The complainants allege that their registered representative, beginning in or around 2021, made material misrepresentations in the sale of Whole Life Insurance and Variable Annuities, and falsified signatures and made fraudulent representations on insurance applications.

Broker John Cimino in American Global Wealth Management, INC. Firm Has Customer Complaint

July 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Cimino (Cimino), currently associated with American Global Wealth Management, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cimino 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 $648,745.00 on September 13, 2023.

CLAIMANT ALLEGES IN OR AROUND DECEMBER 2017, HER MOTHER’S FINANCIAL ADVISORS (FA) MADE UNSUITABLE INVESTMENTS WITH REGARD TO HER WELLS FARGO (WF) ACCOUNTS.