Securities Lawyers Blog

Broker Jonathan Fike in Kovack Securities INC. Firm Has Customer Complaint

January 4, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 10, 2025.

Claimant alleges that a conservation easement purchased in 2016 resulted in unexpected tax consequences.

Broker Roger Duval in Pruco Securities, LLC. Firm Has Customer Complaint

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roger Duval (Duval), previously associated with Pruco Securities, LLC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Duval 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 $166,000.00 on November 12, 2025.

It is alleged that the rep’s recommendations, advice, and activities were negligent, improper, and caused the Claimant to suffer loss and damages. It is further alleged that the rep stole funds from the Claimant.

There are Recent Customer Complaints with Broker Meredith Webber in Firm Raymond James Financial Services, INC.

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Meredith Webber (Webber), previously associated with Raymond James Financial Services, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Webber 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 $183,500.00 on November 12, 2025.

Plaintiff alleges FA misappropriated funds, personal property, and credit from Plaintiff.

There are Recent Customer Complaints with Broker Jennifer Eilers in Firm LPL Financial LLC

January 4, 2026 | by Staff Attorney

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

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

Claimant alleges registered representative breached her fiduciary duty by allowing her customer to list the registered representative’s minor son as a beneficiary of an account managed in 2025.

There are Recent Customer Complaints with Broker Michael Pineda in Firm Lifemark Securities Corp.

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Pineda (Pineda), currently associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Pineda 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 $105,000.00 on November 14, 2025.

Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Investment was purchased in 03/2021. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy. As a result, the client is alleging failure to perform due diligence, unsuitable recommendation, breach of contract/ fiduciary duty, and negligence.

There are Recent Customer Complaints with Broker Richard Akel in Firm Allstate Financial Services, LLC

January 4, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 07, 2025.

Allegations of incorrect deposit instructions and unauthorized transactions from 10/17/2024 – 12/3/2024.

Broker Edward Schultz in RBC Capital Markets, LLC Firm Has Customer Complaint

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Schultz (Schultz), currently associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Schultz 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 $20,000.00 on November 13, 2025.

The client is disputing the transfer of assets from his deceased father’s IRA and recommendations to hold positions that occurred in October 2025.

There are Recent Customer Complaints with Broker David Levinson in Firm American Trust Investment Services, INC.

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Levinson (Levinson), currently associated with American Trust Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Levinson 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 $400,000.00 on November 13, 2025.

Customer alleges that between 2019 and 2025, the representative recommended unsuitable alternative investments, including three Delaware Statutory Trusts and MacKenzie Realty Capital, and made misrepresentations regarding risk, performance, and income expectations. The Statement of Claim asserts negligence, breach of fiduciary duty, and negligent supervision, alleging losses of approximately $400,000 plus additional damages.

Broker Matthew Moore in Truist Investment Services, INC. Firm Has Customer Complaint

January 3, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Moore (Moore), currently associated with Truist Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Moore 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 $15,000.00 on November 18, 2025.

The client alleges the FA liquidated assets held in his Roth IRA account without his authorization. The client states the proceeds from the liquidation were transferred to his joint registration account. The proceeds were utilized to pay a premium for a Protective Strategic Objectives VUL policy in October 2024 and the client alleges he had instructed the FA to cancel the policy.

Broker Alexandre Maltez in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

January 3, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alexandre Maltez (Maltez), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Maltez 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 $651,709.00 on November 20, 2025.

BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY, FAILURE TO SUPERVISE, NEGLIGENCE,MISREPRESENTATION, VIOLATION OF FEDERAL SECURITIES LAWS, AND\, VIOLATION OF REG BI.