Securities Lawyers Blog

Broker Arthur Stevens in Packerland Brokerage Services, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Arthur Stevens (Stevens), currently associated with Packerland Brokerage Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Stevens 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 $90,020.00 on June 04, 2024.

Claimant alleges the following claims; breach of fiduciary duty, negligence, securities fraud, and common-law fraud

Broker Jeffrey Shaver in Arkadios Capital Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Shaver (Shaver), previously associated with Arkadios Capital, has at least one disclosable event. These events include one customer complaint, alleging that Shaver 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 $100,000.00 on June 07, 2024.

It is alleged that Claimant’s retirement assets were invested in a single high risk alternative investment.

There are Recent Customer Complaints with Broker Cynthia Magner in Firm Ameriprise Financial Services, LLC

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cynthia Magner (Magner), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Magner 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 June 05, 2024.

Claimant alleges advisor recommended unsuitable investment of a variable annuity.

Broker Ronald Appler in Independent Financial Group, LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

Currently financial advisor Ronald Appler (Appler), currently employed by brokerage firm Independent Financial Group, 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 final customer complaint with a damage request of $300,000.00 on June 07, 2024.

Clients allege that Financial Professional misrepresented investments in BDCs and REITs and that the investments were unsuitable.

There are Recent Customer Complaints with Broker Allen Wilson in Firm Wells Fargo Clearing Services, LLC

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Allen Wilson (Wilson), currently associated with Wells Fargo Clearing Services, LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Wilson 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 $475,000.00 on June 05, 2024.

Beginning in late 2020, Claimants alleges their Financial Advisor (FA) made unsuitable investment recommendations which were inappropriate for their risk tolerance and investment strategy.

Broker John Pigeon in Osaic Institutions, INC. Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pigeon (Pigeon), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pigeon 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 June 05, 2024.

Firm and FP failed to observe high standards of commercial honor and just and equitable principles of trade.

Broker David Baldwin in Key Investment Services LLC Firm Has Customer Complaint

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Baldwin (Baldwin), currently associated with Key Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Baldwin 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 $11,890.00 on June 04, 2024.

Client alleges the December 2023 purchase of two F & G fixed annuities totaling $174,779 were misrepresented.

There are Recent Customer Complaints with Broker Paul Pavelski in Firm Morgan Stanley

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Pavelski (Pavelski), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Pavelski 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 June 06, 2024.

Customer alleges misrepresentations and omissions of material information, unsuitable investment recommendations, failure to conduct required due diligence, violations of firm policies and procedures, and violations of securities industry rules related to a July 2020 purchase of GWG L Bonds. GWG entered bankruptcy in April 2022.

There are Recent Customer Complaints with Broker Curtis Wilson in Firm Securities America, INC.

April 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Curtis Wilson (Wilson), previously associated with Securities America, INC., has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 $761,000.00 on June 04, 2024.

The complaint alleged that Mr. Wilson traded S&P 500 put options in this advisory account on or about September 30, 2022, that were inappropriate, unsuitable, without the proper disclosures, advice or authorizations.

There are Recent Customer Complaints with Broker Joseph Cowper in Firm Sofi Securities LLC

April 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Cowper (Cowper), currently associated with Sofi Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cowper 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 $3,840.00 on June 12, 2024.

On 4/19/2024, the claimant’s savings account was compromised and $120.00 was misappropriated by a bad actor. His investment account was compromised on 4/23/2024, and $1600.00 was misappropriated by a bad actor. Also on 4/23/2024, the claimant’s brokerage account was used to purchase Nvidia stock. The claimant did not agree with SoFi’s handling of his fraud claims. The claimant was seeking restitution and damages in the amount of $3820. The registered representative had limited interaction with the claimant for account service purposes only, and was not involved in the account activity in question or the subsequent investigation process.