Securities Lawyers Blog

There are Recent Customer Complaints with Broker Andy Rampersaud in Firm LPL Financial LLC

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andy Rampersaud (Rampersaud), currently associated with LPL Financial LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rampersaud 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 $499,000.00 on November 10, 2023.

Claimant alleges the Respondent used a speculative strategy in her accounts that were inconsistent with her instructions, needs and financial condition.

There are Recent Customer Complaints with Broker William Hinman in Firm Equity Services, INC.

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Hinman (Hinman), currently associated with Equity Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Hinman 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 $300,000.00 on November 13, 2023.

Customer alleges representative recommended an unsuitable investment strategy resulting in unfavorable tax consequences

There are Recent Customer Complaints with Broker Giuseppe Mauceli in Firm Wells Fargo Advisors Financial Network, LLC

June 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on November 13, 2023.

Claimants allege that starting in 2021, their Financial Advisor (FA) made unsuitable investment recommendations inconsistent with their goals and investment experience.

There are Recent Customer Complaints with Broker Lien Nguyen in Firm MML Investors Services, LLC

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lien Nguyen (Nguyen), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Nguyen 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 $5,001.00 on November 14, 2023.

The complainant alleges that his registered representative, misrepresented the variable annuity that he purchased on/or about March 7, 2013, and he was promised that he would receive a larger 4% return in profits on his investment.

There are Recent Customer Complaints with Broker Francis Donnelly Iii in Firm Equitable Advisors, LLC

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francis Donnelly Iii (Donnelly Iii), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Donnelly Iii 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 $72,331.00 on November 14, 2023.

Customer alleges RR misrepresented VUL policy sold in 2004.

There are Recent Customer Complaints with Broker Scott Mass in Firm David Lerner Associates, INC.

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Mass (Mass), currently associated with David Lerner Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mass 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 $200,000.00 on November 13, 2023.

Allegation period: June 13, 2016 the date of the first purchase of the investments at issue to November 2, 2023 the date the SOC was received. \, \, Allegations: unsuitability, misrepresentation/omission

Broker Scott Dutton in PFS Investments INC. Firm Has Customer Complaint

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Dutton (Dutton), currently associated with PFS Investments INC., has at least one disclosable event. These events include one customer complaint, alleging that Dutton 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 $6,000.00 on November 14, 2023.

The customer alleged that market risks and volatility were not adequately disclosed and recommendations were not suited to a short-term time horizon.

There are Recent Customer Complaints with Broker Bernard Waters in Firm Herbert J. Sims & Co, INC.

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bernard Waters (Waters), previously associated with Herbert J. Sims & Co, INC., has at least one disclosable event. These events include one customer complaint, alleging that Waters 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 November 13, 2023.

Statement of claims alleges that investments were not in the best interest of the customer.

There are Recent Customer Complaints with Broker Steven Noto in Firm Rnr Securities, L.l.c.

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Noto (Noto), currently associated with Rnr Securities, L.l.c., has at least one disclosable event. These events include one customer complaint, alleging that Noto 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 $115,000.00 on November 14, 2023.

Claimant asserts various causes of action relating to securities transactions and asserts damages of approximately $115,000. The respondents deny any allegations of wrongdoing and will prove before FINRA that the positions at issue in the claim were never recommended to Claimant, that she never held an account that purchased the positions at issue.

Broker David Lippman in Tcw Funds Distributors LLC Firm Has Customer Complaint

June 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Lippman (Lippman), previously associated with Tcw Funds Distributors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lippman 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 $3,550,000.00 on November 14, 2023.

On November 28, 2023 a group of ten (10) investors in the TCW Special Purpose Sponsor LLC (‘Sponsor’) filed a complaint in the Delaware Chancery Court seeking to recover $3,550,000 that they invested in the Sponsor. The complaint named, among others, TCW, TCW’s then CEO(David Lippman), TCW’s CFO (Richard Villa) and Joseph Shaposhnik (who was CEO of the Sponsor) as defendants. The complaint asserted claims for breach of contract, breach of the implied covenant of good faith and fair dealing, tortious interference with contract, fraudulent inducement and/or negligent misrepresentation. TCW concluded the case wholly lacked merit and it was settled pursuant to a confidential settlement agreement for what TCW believes was less than the cost of defense. David Lippman never communicated with the plaintiffs in any manner, including the period through the solicitation process ending in the dissolution of the SPAC. Nor did he solicit any of the plaintiffs’ investments. Mr. Lippman was not asked to, and did not, contribute to the settlement or the costs associated with defending the claim.