Securities Lawyers Blog

There are Recent Customer Complaints with Broker Eugene Thompson in Firm Capital Investment Group, INC.

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eugene Thompson (Thompson), currently associated with Capital Investment Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Thompson 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 $224,000.00 on April 17, 2025.

Relative to a purchase of GWG L-Bonds by the clients, GWG Holdings, Inc. filed Chapter 11 bankruptcy on April 20, 2022. Claims made by clients included breach of fiduciary duty, fraudulent misrepresentation, violations of the North Carolina Security Act, constructive fraud, negligence by CIG, and negligent supervision and retention by CIG.

Broker Leo Chien in Cetera Investment Services LLC Firm Has Customer Complaint

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Leo Chien (Chien), previously associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Chien 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.

Claimants allege unsuitable investment recommendations.

Broker Patrick Cahill in Osaic Wealth, INC. Firm Has Customer Complaint

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Cahill (Cahill), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cahill 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 10, 2025.

Client alleges tax consequences as a result of a poor recommendation.

Broker Tami Lanzisera in Ashton Thomas Securities, LLC Firm Has Customer Complaint

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tami Lanzisera (Lanzisera), currently associated with Ashton Thomas Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lanzisera 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 $379,560.70 on April 22, 2025.

On or about April 22, 2025, complainants alleged that FA did not open the correct type of account. Due to this, beneficiary designations were not properly documented, causing financial harm to the complainants. Alleged damage amount is $ 379,560.70. The matter is currently under internal review by the firm.

Broker James Lombardo in Ameriprise Financial Services, LLC Firm Has Customer Complaint

July 29, 2025 | by Staff Attorney

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

Guardian for client alleges advisor did not follow instructions related to client’s estate plan.

There are Recent Customer Complaints with Broker Joseph Cason in Firm Osaic Wealth, INC.

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Cason (Cason), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cason 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 $150,000.00 on April 18, 2025.

Claimant alleges that the recommendation of certain shares of illiquid preferred stock was not in keeping with her needs and objectives, and that the features and risks of the investment were not properly disclosed to her.

Broker Paul Barker in Ameriprise Financial Services, LLC Firm Has Customer Complaint

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Barker (Barker), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Barker 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 $402,100.00 on April 10, 2025.

The Executor for the estate of the deceased alleged that the deceased client’s advisor took advantage of his fiduciary role by becoming the Attorney-in-Fact (AIF), primary caregiver and added his name and address on the deceased client’s bank accounts. The advisor then allegedly misappropriated client assets.

There are Recent Customer Complaints with Broker Jeffrey Bangerter in Firm Concorde Investment Services, LLC

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Bangerter (Bangerter), currently associated with Concorde Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bangerter 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 April 15, 2025.

Client is claiming losses due to poor recommendation for investments made in 2019 and 2020.

There are Recent Customer Complaints with Broker Lawrence Labine in Firm Newbridge Securities Corporation

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Labine (Labine), previously associated with Newbridge Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Labine 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 $95,000.00 on April 22, 2025.

Breach of fiduciary duty and negligence.

There are Recent Customer Complaints with Broker Calvin Heck in Firm Wedbush Securities INC.

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Calvin Heck (Heck), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Heck 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.

Customer alleges FA misrepresented the tax consequences relating to a life insurance policy purchase in 1987.