Securities Lawyers Blog

Broker Jesse Krapf in Spartan Capital Securities, LLC Firm Has Customer Complaint

May 16, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Jesse Krapf (Krapf), previously associated with Spartan Capital Securities, LLC, has been subject to at least 2 disclosable events. These events include 2 customer complaints. Several of those complaints against Krapf 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 on April 02, 2025.

Time Frame: 01.2023 to 12.2024. Excessive trading, Churning, Unsuitable investments, Failure to supervise

There are Recent Customer Complaints with Broker Jason Doneth in Firm Ameriprise Financial Services, LLC

May 16, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $550,000.00 on April 04, 2025.

Customer alleges they suffered losses as a result of unsuitable investment recommendations relating to a variable annuity.

There are Recent Customer Complaints with Broker Kyle Wool in Firm Dominari Securities LLC

May 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kyle Wool (Wool), currently associated with Dominari Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Wool 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 April 01, 2025.

Misallocated shares of an IPO.

Broker R Mitchell Wickham in UBS Financial Services INC. Firm Has Customer Complaint

May 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker R Mitchell Wickham (Wickham), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Wickham 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 $1,194,869.00 on April 02, 2025.

Time frame: 2021-2023 \, \, Allegations: Claimants allege they were victims of financial exploitation leading to the wrongful withdrawal of funds from their accounts, which funds were ultimately transferred to scammers. Claimants allege UBS ignored red flags that the transactions were suspicious and failed to identify/deter the fraudulent transfers.

Broker Andrew Minehart in Edward Jones Firm Has Customer Complaint

May 16, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 01, 2025.

Claimant alleges in 2022 he chose to retire and take a lump sum from his pension based on the registered representative’s recommendation. The Claimant alleges the recommendation was unsuitable and not in his best interest due to an erroneous assumption that the Claimant could take both a lump sum from his pension and annuitized monthly payments. The Claimant asserts the registered representative later realized the Claimant was not receiving annuitized monthly payments.

There are Recent Customer Complaints with Broker Alan Levine in Firm LPL Financial LLC

May 16, 2025 | by Staff Attorney

Currently financial advisor Alan Levine (Levine), currently employed by brokerage firm LPL Financial 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 $99,999.00 on April 02, 2025.

Clients allege that Financial Professional misrepresented the risks associated with REITs and BDCs and investments were overconcentrated and unsuitable. Activity date: May 16, 2012 to June 1, 2016.

Broker Debra Shultz in LPL Financial LLC Firm Has Customer Complaint

May 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Debra Shultz (Shultz), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shultz 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 $5,000.00 on April 04, 2025.

14 undisclosed OBA activity 10/01/2023 -03/11/2024

Broker Gregory Cash in UBS Financial Services INC. Firm Has Customer Complaint

May 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Cash (Cash), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Cash 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 $1,194,869.00 on April 02, 2025.

Time frame: 2021-2023 \, Allegations: Claimants allege they were victims of financial exploitation leading to the wrongful withdrawal of funds from their accounts, which funds were ultimately transferred to scammers. Claimants allege UBS ignored red flags that the transactions were suspicious and failed to identify/deter the fraudulent transfers.

There are Recent Customer Complaints with Broker Terry Harris in Firm Money Concepts Capital CORP

May 16, 2025 | by Staff Attorney

Previously financial advisor Terry Harris (Harris), previously employed by brokerage firm Money Concepts Capital CORP 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 $132,000.00 on April 03, 2025.

On or around May 2015, our client purchased units of a Limited Partnership and REITs. The client transferred shares of the REITs to her spouse around September 2018. Spouse has attained an attorney alleging the investment was unsuitable. On April 3, 2025, firm became aware of allegations and intends to settle this matter instead of filing an arbitration claim.

There are Recent Customer Complaints with Broker Kevin Kelly in Firm Avantax Investment Services, INC.

May 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Kelly (Kelly), currently associated with Avantax Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kelly 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 $190,000.00 on April 02, 2025.

Customers alleged the investments they purchased were not suitable.