Securities Lawyers Blog

There are Recent Customer Complaints with Broker Luke Johnson in Firm Coastal Equities, INC.

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luke Johnson (Johnson), previously associated with Coastal Equities, INC., has at least 5 disclosable events. These events include 3 customer complaints, 2 regulatory events, alleging that Johnson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 12, 2024.

The claimant alleges failure to conduct adequate due diligence before recommending and selling securities.

Broker Alex Blanco in MML Investors Services, LLC Firm Has Customer Complaint

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alex Blanco (Blanco), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Blanco 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 $23,605.44 on July 11, 2024.

The beneficiary alleges that the Financial Professional failed to contact the account owner when the Financial Professional left HTK or when the underlying investment in the account fluctuated in value. The Financial Professional is no longer associated with the firm.

There are Recent Customer Complaints with Broker Jason Young in Firm Charles Schwab & Co., INC.

April 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial advisor to manage their accounts and that they wanted “growth”. However, Claimants allege the financial advisor allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

There are Recent Customer Complaints with Broker Mark Grueninger 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 Mark Grueninger (Grueninger), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Grueninger 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 $1,885,552.00 on July 10, 2024.

Time frame: July 2018 to December 2019\, \, Allegations: Claimants’ counsel alleges that Respondents allowed Claimants’ former Certified Public Accountant to exceed the scope of his Power of Attorney resulting in his use of Claimants’ line of credit resulting in losses.

There are Recent Customer Complaints with Broker Michael Maniscalco in Firm Charles Schwab & Co., INC.

April 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial consultant to manage their accounts and that they wanted “growth”. However, Claimants allege the financial consultant allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

Broker George Howard in Centaurus Financial, INC. Firm Has Customer Complaint

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker George Howard (Howard), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Howard 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 July 15, 2024.

In May 2020 and in November 2020, the customers allege that the Registered Representative recommended unsuitable, high-risk, and illiquid investments and breached his fiduciary duty

There are Recent Customer Complaints with Broker Hagop Nalbandian in Firm Vanderbilt Securities, LLC

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hagop Nalbandian (Nalbandian), currently associated with Vanderbilt Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nalbandian 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 $37,000.00 on July 11, 2024.

Customer alleges that an investment recommendations were unsuitable and misleading.

There are Recent Customer Complaints with Broker John Stapleton in Firm Spartan Capital Securities, LLC

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Stapleton (Stapleton), currently associated with Spartan Capital Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stapleton 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 $375,000.00 on July 16, 2024.

Fraud, Unsuitability, Negligent Failure to Supervise, Misrepresentation and Omissions

There are Recent Customer Complaints with Broker Eric Ng in Firm Intercarolina Financial Services, INC.

April 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $18,600.00 on July 11, 2024.

During Sept. 2016, claimants [REDACTED] each purchased shares of MVP REIT II in the amount of $15,000\<char_lb_r>\, thru Eric Ng a Reg. Rep. of our firm. On Jan. 1, 2020, the total value of the shares for each claimant was $ 16,311. On April 1, 2023, each\<char_lb_r>\, claimants shares were valued at $ 9608. On June 5, 2023 FINRA served us with the [REDACTED] claim. On Aug. 4, 2023 the value of the shares for each claimant was $ 9591. Unfortunately, the claimants’ attorney did not sell the shares on Aug. 4th but waited until Sept. 18, 2023 when the \<char_lb_r>\, value of the shares for each claimant had declined to $5695. During the arbitration we intend to show that the attorney for the claimants incompetence caused the loss for each claimant to be $ 9305 instead of $ 5409. We also intend to illustrate that the MVP REIT II was an\<char_lb_r>\, appropriate investment for the claimants.

There are Recent Customer Complaints with Broker Natalie Kotroba in Firm Charles Schwab & Co., INC.

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Natalie Kotroba (Kotroba), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Kotroba 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 $26,008.00 on July 17, 2024.

The client alleges starting in January 2022, the manager failed to supervise her RR when he allegedly failed to provide investment advice or recommendations which caused her to lose money.