Securities Lawyers Blog

Broker Eric Takao in Nylife Securities LLC Firm Has Customer Complaint

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Takao (Takao), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Takao 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 $15,420.23 on April 07, 2025.

The customer alleges that the allocation of her funds within her variable annuity purchased in February 2025 was not in line with her wishes, and that she was misled on the amount she would receive if she exercised the “free-look” provision of her contact.

There are Recent Customer Complaints with Broker Ronald Hicks in Firm Equitable Advisors, LLC

May 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Hicks (Hicks), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hicks 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 07, 2025.

Client alleges the RR made misrepresentations in connection with variable annuities purchased in 2019 and 2020.

Broker Yitzchak Prag in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yitzchak Prag (Prag), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Prag recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on April 09, 2025.

Client alleges investment recommendations were not in their best interest from February 2022 to April 2022

Broker John Clark in LPL Enterprise, LLC Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Clark (Clark), previously associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Clark 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 $18,000.00 on April 14, 2025.

This matter is being reported consistent with finra rules pertaining to the reporting of certain written customer complaints. The company by this filing makes no allegations regarding the actions of the representative. Customer alleges the policy sold was not suitable for the customer’s age.

There are Recent Customer Complaints with Broker Brendan Cefalu in Firm Morgan Stanley

May 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 14, 2025.

Claimant alleges, inter alia, that the trade executed in his account was unauthorized – March 2024

There are Recent Customer Complaints with Broker Jordan Rider in Firm LPL Financial LLC

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jordan Rider (Rider), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rider 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 $120,000.00 on April 11, 2025.

Reg BI – alleges that FA mismanaged accounts and failed to disclose risks of of investments, suitability concerns

There are Recent Customer Complaints with Broker Robert Anderson in Firm MML Investors Services, LLC

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Anderson (Anderson), currently associated with MML Investors Services, LLC, 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 pending customer complaint on April 16, 2025.

In or around 2024, the complainant alleges that she thought that she was signing a form to have the rep become the rep on her accounts and that she didn’t expect the rep to move her money. She states that the taxes related to these transactions weren’t discussed.

Broker Robert Martino in Osaic Wealth, INC. Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Martino (Martino), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Martino 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 $7,092.02 on April 09, 2025.

The client alleged that the advisor iformed them upon purchase that metlife stable value fund did not contain a market value adjustment fee; however, they were assessed a mva fee upon existing the fund within their 401k in 2024.

Broker Harrison Chang in Innovation Partners LLC Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Harrison Chang (Chang), currently associated with Innovation Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chang 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 $388,000.00 on April 14, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading

There are Recent Customer Complaints with Broker Andrew Laino in Firm LPL Enterprise, LLC

May 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 15, 2025.

Customer alleges product was not suitable for him.