Securities Lawyers Blog

Broker Yu Bai in Landolt Securities, INC. Firm Has Customer Complaint

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yu Bai (Bai), previously associated with Landolt Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bai 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 $25,000.00 on January 23, 2024.

Almost 3.5 years after client purchased GWG L Bonds, and almost 2 years following GWG Holdings Inc. filing for Chapter 11 bankruptcy protection, the customer is now alleging that their L bond purchases from August 2020 were improperly sold.

There are Recent Customer Complaints with Broker Eric Reed in Firm MML Investors Services, LLC

June 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 22, 2024.

The Trustee alleges that he was not presented with any options other than the recommended five (5) variable universal life insurance policies he purchased in December 2021.

There are Recent Customer Complaints with Broker Jennifer Lander in Firm Realta Equities, INC.

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jennifer Lander (Lander), currently associated with Realta Equities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lander 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 $200,000.00 on January 18, 2024.

Claimant alleges unsuitable investments.

Broker Michael Madden in Raymond James & Associates, INC. Firm Has Customer Complaint

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Madden (Madden), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Madden 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 $220,000.00 on January 19, 2024.

Claimant alleges FAs failed to follow her instructions to re-invest dividends from specified securities.

There are Recent Customer Complaints with Broker John Patock in Firm Moloney Securities Co., INC.

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Patock (Patock), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Patock 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 January 19, 2024.

Suitability/negligence. 2021

There are Recent Customer Complaints with Broker Brian Dunn in Firm Mercury Investment Services LLC

June 7, 2025 | by Staff Attorney

Previously financial advisor Brian Dunn (Dunn), previously employed by brokerage firm Mercury Investment Services 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 pending customer complaint with a damage request of $2,000,000.00 on January 24, 2024.

Registered Representatives registered with Growth Capital Services, Inc. alleged to have sold fraudulent private placements to their customers. Customers filed suit and named me as a co-respondent.

There are Recent Customer Complaints with Broker Raul Benitez in Firm Wells Fargo Clearing Services, LLC

June 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raul Benitez (Benitez), previously associated with Wells Fargo Clearing Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Benitez 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 $500,000.00 on January 22, 2024.

Clients allege representative made unsuitable and misrepresentations of recommendations in September 2014 and March 2015.

There are Recent Customer Complaints with Broker Mark Hegstrom in Firm LPL Financial LLC

June 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 24, 2024.

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

There are Recent Customer Complaints with Broker Michael Velazquez in Firm LPL Financial LLC

June 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 24, 2024.

Claimant trustee alleges that the subject investment, which was purchased by third-party customers prior to their passing and subsequently transferred to a trust account, was not suitable for the customers (now deceased) when it was purchased in 2014.

Broker Matias Cavalieri in Morgan Stanley Firm Has Customer Complaint

June 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 24, 2024.

Claim made by Estate of deceased client alleges, inter alia, unauthorized trading with respect to equity investments – August 2014 through November 2015