Securities Lawyers Blog

There are Recent Customer Complaints with Broker Michael Corbella in Firm Wells Fargo Clearing Services, LLC

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Corbella (Corbella), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Corbella 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 $10,000.00 on April 09, 2025.

The client complains that they did not understand that their assets would be invested in the market and could decline in value. Client demands to be made whole. (3/26/2025-4/9/2025)

Broker Matthew Mcdonald in Sigma Financial Corporation Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Mcdonald (Mcdonald), currently associated with Sigma Financial Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Mcdonald 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 $230,000.00 on April 11, 2025.

The Arbitration Statement of Claim alleged misrepresentation and negligence in connection with the investments purchased in 2012 thru 2016. Claimant further alleges the BD supervision of the claimant’s account was inadequate.

There are Recent Customer Complaints with Broker Michael Okeefe in Firm Stifel, Nicolaus & Company, Incorporated

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Okeefe (Okeefe), currently associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Okeefe 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.

POA for the customer alleged FA Michael O’Keefe incorrectly told the principal the monthly annuity distribution was a lifetime withdrawal benefit.

Broker James Geake in Madison Avenue Securities, LLC Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Geake (Geake), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Geake 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.

Unsuitable recommendations of alternative investments.

Broker John Frongillo in LPL Financial 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 Frongillo (Frongillo), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Frongillo 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 $40,000.00 on April 15, 2025.

Claimant alleges the RR recommended an unsuitable Oil & Gas Investment

Broker Michael Rosenmayer in Oppenheimer & CO. INC. Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Rosenmayer (Rosenmayer), currently associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Rosenmayer 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 April 09, 2025.

Claimant asserts claims for negligence, negligent misrepresentation, breach of fiduciary duty, unsuitability, fraud, breach of contract, elder abuse and violations of state and federal securities laws in connection with investments in municipal bonds. 7/1/2021 to present

Broker John Shortal in Moloney Securities Co., INC. Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Shortal (Shortal), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Shortal 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 April 09, 2025.

Suitability/negligence. 2019-2021

There are Recent Customer Complaints with Broker James Holmes in Firm Wells Fargo Clearing Services, LLC

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Holmes (Holmes), previously associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Holmes 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 April 11, 2025.

Claimant alleges that during an unspecified time period, the financial advisor made unsuitable recommendations and overall strategy.

Broker Jacque Kuchta in UBS Financial Services INC. Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on April 11, 2025.

Time Frame: March 26th, 2021 to January 13th, 2025\, \, What were the allegations against the individual? The client alleges that her Financial Advisor placed her in an unsuitable portfolio based on her financial needs, goals and risk tolerance. The client further alleges her Financial Advisor did not uphold his fiduciary duty and did not act in her best interest.

Broker Brent Pine in Cetera Advisor Networks LLC Firm Has Customer Complaint

May 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brent Pine (Pine), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pine 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 $250,000.00 on April 11, 2025.

Claimant alleges that Mr. Pine made negligent and improper recommendations of investment products that were not suitable to the clients desire to preserve principal and avoid unnecessary risk. Claimant also alleges that fair and balanced disclosures were not made regarding the high-risk nature of the investment products recommended.