Securities Lawyers Blog

Broker Ted Boutis in Ameriprise Financial Services, LLC Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ted Boutis (Boutis), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Boutis 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 March 20, 2025.

The client alleged that beginning in 1999 the advisor misrepresented variable annuities and recommended an unsuitable life insurance policy. Client alleged further poor portfolio performance.

There are Recent Customer Complaints with Broker Carla-ann Goedtke in Firm Cambridge Investment Research, Inc.

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carla-ann Goedtke (Goedtke), currently associated with Cambridge Investment Research, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Goedtke 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 $80,000.00 on March 20, 2025.

Claimant alleges unsuitable recommendation and sale of L-Share annuity in 2012.

There are Recent Customer Complaints with Broker Todd Lesk in Firm Cambridge Investment Research, Inc.

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Lesk (Lesk), previously associated with Cambridge Investment Research, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Lesk 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 $499,000.00 on March 19, 2025.

Customer alleges that an investment made in 2022 was unsuitable for the customer’s investment objectives and risk tolerance.

There are Recent Customer Complaints with Broker Pamala Reilly in Firm Planmember Securities Corporation

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Pamala Reilly (Reilly), currently associated with Planmember Securities Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Reilly 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 $36,340.69 on March 31, 2025.

Client alleges that due to the mishandling of a transfer out request, they lost $36,340.69 due to market losses.

Broker Chun Elmejjad in Equitable Advisors, LLC Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chun Elmejjad (Elmejjad), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Elmejjad 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 March 18, 2025.

Beneficiary alleges RR Elmejjad misappropriated funds in connection with a loan that the RR accepted from the client.

Broker David Karin in Western International Securities, Inc. Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Karin (Karin), currently associated with Western International Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Karin 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 $75,000.00 on March 21, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

Broker David Loesch in Newedge Securities, LLC Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Loesch (Loesch), currently associated with Newedge Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Loesch 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 $179,000.00 on April 04, 2025.

Client alleges that the use of margin to purchase municipal bonds was not explained and should have been discontinued when interest rates began to rise in 2022

There are Recent Customer Complaints with Broker Karen Briggs in Firm LPL Financial LLC

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Karen Briggs (Briggs), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Briggs 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 $259,000.00 on March 13, 2025.

Customer alleges that an investment made in 2019 was unsuitable for the customer’s investment objectives and risk tolerance.

Broker Jay Spieler in Oppenheimer & Co. Inc. Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jay Spieler (Spieler), currently associated with Oppenheimer & Co. Inc., has at least one disclosable event. These events include one customer complaint, alleging that Spieler 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 March 14, 2025.

Claimant alleges she suffered losses because of an ill-timed liquidation of an investment and alleges claims for breach of fiduciary duty, fraud and negligence. From 11/2022 – 12/2022

There are Recent Customer Complaints with Broker John Engler in Firm Ameriprise Financial Services, LLC

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Engler (Engler), previously associated with Ameriprise Financial Services, LLC, has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Engler recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on March 20, 2025.

Respondent Engler failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.