Securities Lawyers Blog

There are Recent Customer Complaints with Broker Kenneth Wright in Firm Osaic Institutions, INC.

April 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 02, 2024.

Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.

Broker Vincent Bailey in Berthel, Fisher & Company Financial Services, INC. Firm Has Customer Complaint

April 24, 2025 | by Staff Attorney

Previously financial advisor Vincent Bailey (Bailey), previously employed by brokerage firm Berthel, Fisher & Company Financial Services, INC. 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 pending customer complaint with a damage request of $235,000.00 on July 02, 2024.

The claimants allege that the Firm and representative failed to make a suitable recommendation and over-concentrated claimants’ accounts in alternative investments and private placements from 2009 to 2019. Claimants further allege that the Firm and representative misrepresented the investments and induced the clients to retain the investment causing the clients to suffer a loss.

Broker Michael Brinton in Zermatt Securities, INC. Firm Has Customer Complaint

April 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Brinton (Brinton), previously associated with Zermatt Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Brinton 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 $1,200,000.00 on July 03, 2024.

Former customer alleges breach of fiduciary duty in connection with the management of advisory assets between July 2021 to February 2022.

There are Recent Customer Complaints with Broker Richard Calabrese in Firm Corinthian Partners, L.l.c.

April 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Calabrese (Calabrese), currently associated with Corinthian Partners, L.l.c., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Calabrese 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 $100,001.00 on July 08, 2024.

Violations of federal securities laws; breach of contract; common law fraud; breach of fiduciary duty; Negligence and gross negligence;

Broker Larry Hancock in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

April 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 03, 2024.

Client alleges lack of service, guidance, and unsuitable investments in several REITS that Mr. Hancock purchased and were done through his RIA: Proactive Retirement Solutions and were held at his RIA custodian: Schwab.

There are Recent Customer Complaints with Broker Christopher Tully in Firm Oppenheimer & CO. INC.

April 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 02, 2024.

Claimant asserts claims of fraud, negligence, breach of contract, breach of fiduciary duty, negligent supervision, violation of Sections 10(b) and 20(a) of the Securities Exchange Act and FINRA Rule 2020, and respondeat\, superior/vicarious liability relating to an alleged improper account opening. From 6/1/2017 to 2/1/2019.

Broker Keith Marshall in Geneos Wealth Management, INC. Firm Has Customer Complaint

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Keith Marshall (Marshall), currently associated with Geneos Wealth Management, INC., has at least one disclosable event. These events include one customer complaint, alleging that Marshall 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 $35,000.00 on July 12, 2024.

Customer complains about the investment recommendations made and alleges his account(s) incurred losses as a result.

There are Recent Customer Complaints with Broker Nancy Parrett in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nancy Parrett (Parrett), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Parrett 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 $11,949.00 on July 10, 2024.

Claimant alleges omissions about tax consequences related to the surrender of an annuity in March 2023.

There are Recent Customer Complaints with Broker Robert Stoner in Firm UBS Financial Services INC.

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Stoner (Stoner), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Stoner 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 $25,000.00 on July 11, 2024.

Time frame: 2024\, Claimant alleges that the FA failed to follow instructions to increase his equity asset allocation, which purportedly resulted in unrealized gains to his portfolio.

There are Recent Customer Complaints with Broker Robert Arensberg in Firm Nylife Securities LLC

April 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 16, 2024.

The Customer alleges she was misled when she purchased her VA in April 2014 and that she was not aware that it transferred to another variable annuity in May 2022. The customer requests the return of all surrender charges.