Securities Lawyers Blog

There are Recent Customer Complaints with Broker Cody Coffey in Firm Allstate Financial Services, LLC

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on August 05, 2024.

Misuse of client funds.

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

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Revelle (Revelle), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one regulatory event, alleging that Revelle recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Revelle consented to the sanctions and to the entry of findings that, without obtaining his member firm’s approval, he drafted, signed, and disseminated to third parties asset verification letters on firm letterhead that contained material misrepresentations. The findings stated that the material misrepresentations included incorrectly stating that the individual on whose behalf the letters were sent was a firm customer. In addition, one of the letters materially overstated the value of the individual’s assets, including crypto assets, and incorrectly stated that Revelle had ‘verified’ the individual’s assets, even though he had not taken any steps to do so. The findings also stated that Revelle engaged in an OBA that he failed to disclose to his firm. Revelle was employed by a third-party entity-a start-up decentralized crypto exchange-to assist the company in processing investments, for which he earned more than $29,000.

There are Recent Customer Complaints with Broker Kerri Jamison in Firm Newbridge Securities Corporation

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kerri Jamison (Jamison), currently associated with Newbridge Securities Corporation, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Jamison 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 August 06, 2024.

Breach of fiduciary duty, breach of contract and negligence, negligent supervision.

There are Recent Customer Complaints with Broker Joseph Seidler in Firm RBC Capital Markets, LLC

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 02, 2024.

Respondent Seidler failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Joel Harworth in Firm Centaurus Financial, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Harworth (Harworth), currently associated with Centaurus Financial, Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Harworth 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 $60,000.00 on August 05, 2024.

In March 2019 and December 2019, the customers allege that the Registered Representative recommended unsuitable, high-risk, illiquid investments and breached his fiduciary duty.

Broker John Davis in Raymond James Financial Services, Inc. Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Davis (Davis), currently associated with Raymond James Financial Services, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Davis recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 06, 2024.

Respondent Davis 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.

Broker George Conner in Potomac Capital Markets, LLC Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 02, 2024.

On December 31, 2023, Respondents failed to renew its registration but continued to act as an investment adviser and investment adviser representative, collecting advisory management fees during the unregistered periods. Prior to December 31, 2023, around August 16, 2023, the TSSB conducted an inspection of Respondents’ business and also identified multiple books and records deficiencies. Following the inspection, this matter was referred to the TSSB’s Legal Division around January 2024 and the Legal Division made multiple attempts to get in contact with the Respondents. As a result of being unable to contact the Respondents while the Respondents continued to act as an investment adviser and investment adviser representative while being unregistered, the TSSB filed a case with SOAH requesting relief that the Respondents cease and desist. At the hearing, Respondents failed to appear and the TSSB moved for a default dismissal deeming the factual allegations detailed in the notice of hearing are admitted, which was granted on July 17, 2024.\<char_lb_r>\, \<char_lb_r>\, Pursuant to \\u00a7155.501(d)(1) of the SOAH Rules of Procedure, the matters set forth and alleged by Counsel in the Notice are deemed admitted as true with respect to the Respondents. Pursuant to \\u00a7155.501(d)(1) of the SOAH Rules of Procedure and Section 4007.102 of the Texas Securities Act, the relief requested in the Notice with respect to the Respondents is granted. \<char_lb_r>\, \<char_lb_r>\, It is therefore ORDERED that the Conner Management Group, LLC and George Mathis Conner CEASE AND DESIST from acting as an investment adviser and investment adviser representative, respectively, in the State of Texas without first satisfying the registration requirements of the Texas Securities Act and Board\<char_lb_r>\, Rules.

There are Recent Customer Complaints with Broker Marat Likhtenstein in Firm Osaic Wealth, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marat Likhtenstein (Likhtenstein), previously associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Likhtenstein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Likhtenstein consented to the sanction and to the entry of findings that he refused to provide documents and information and to appear for on-the-record testimony requested by FINRA in connection to to its investigation of comments made on a Form U5 filing by his member firm. The findings stated that Likhtenstein was discharged because he failed to disclose personal loan transactions with a client.

There are Recent Customer Complaints with Broker Joe Zheng in Firm J.k. Financial Services, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joe Zheng (Zheng), currently associated with J.k. Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Zheng 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 $1,935,000.00 on August 02, 2024.

Claimant alleges that her advisor recommended investments were in direct conflict with her investment direction and profile, seeks damages of $1,935,000.

There are Recent Customer Complaints with Broker Markus Byrd in Firm Kestra Investment Services, LLC

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Markus Byrd (Byrd), previously associated with Kestra Investment Services, LLC, has at least 4 disclosable events. These events include 4 customer complaints, alleging that Byrd 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 $5,000.00 on August 02, 2024.

Claimant alleges Byrd misrepresented the investment and made unsuitable recommendations.