Securities Lawyers Blog

There are Recent Customer Complaints with Broker David Phillips in Firm Moloney Securities Co., INC.

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Phillips (Phillips), previously associated with Moloney Securities Co., INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Phillips 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 $500,000.00 on June 24, 2025.

Suitability/negligence. 2018.

There are Recent Customer Complaints with Broker Richard Ceffalio in Firm LPL Financial LLC

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Ceffalio (Ceffalio), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Ceffalio 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 $5,000,000.00 on July 01, 2025.

Customer alleges that investments made were unsuitable for the customer’s investment objectives and risk tolerance. Time period: October 2022 – May 2024.

Broker T Thompson in Truist Investment Services, INC. Firm Has Customer Complaint

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker T Thompson (Thompson), previously associated with Truist Investment Services, 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 on June 27, 2025.

Client states they have concerns regarding the management of their account by former representative.

Broker Marc Rudofker in Raymond James & Associates, INC. Firm Has Customer Complaint

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Rudofker (Rudofker), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rudofker 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 $33,252.96 on July 02, 2025.

The client alleged they were not receiving financial advice or service despite paying management fees.

Broker Robert Markle in Principal Securities, INC. Firm Has Customer Complaint

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Markle (Markle), currently associated with Principal Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Markle 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, 2025.

The client alleges that as a result of the misinformation provided by his registered representative regarding an indirect rollover transaction for his variable annuity contract, he suffered damages related to loss of gains and new surrender charges.

Broker William Bredt in Raymond James & Associates, INC. Firm Has Customer Complaint

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Bredt (Bredt), currently associated with Raymond James & Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Bredt 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 $33,252.96 on July 02, 2025.

The client alleged they were not receiving financial advice or service despite paying management fees.

There are Recent Customer Complaints with Broker John Marcheso in Firm Centaurus Financial, INC.

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Marcheso (Marcheso), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Marcheso 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 $650,000.00 on June 24, 2025.

The customers allege that, the Registered Representative recommended unsuitable, illiquid, high-risk investments. No specific dates for the alleged activity were identified in the Statement of Claim.

There are Recent Customer Complaints with Broker Robert Woods in Firm Wedbush Securities INC.

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Woods (Woods), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Woods 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 $1,089,925.00 on June 27, 2025.

In the Statement of Claim, Claimant asserts the following causes of action: Breach of Fiduciary Duty, Unsuitable Investment Recommendations, Negligence, Failure to Supervise, Violations of Standards of Commercial Honor and Principles of Trade, Violations of Section 10(b) of the SEC Act of 1934 and Rule 10b-5, and Violations of SEC Regulation Best Interest (Reg BI) from Nov 2023- March 2024.

Broker Amber Stoll in Cetera Investment Services LLC Firm Has Customer Complaint

August 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Amber Stoll (Stoll), currently associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stoll 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 $1,000,000.00 on July 08, 2025.

Client alleges that the registered representative failed to act in his best interest in August 2021, related to the liquidation of a pension plan.

Broker Isaiah Williams in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

August 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Isaiah Williams (Williams), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Williams 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 $3,500,000.00 on July 08, 2025.

Client alleges that the registered representative failed to act in his best interest and recommended an unsuitable asset allocation strategy.