Securities Lawyers Blog

Broker Helen grace Caldwell in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

April 6, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 16, 2024.

Respondent Caldwell 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 Robert Herje in Northland Securities, Inc. Firm Has Customer Complaint

April 6, 2025 | by Staff Attorney

Currently financial advisor Robert Herje (Herje), currently employed by brokerage firm Northland Securities, Inc. 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 $5,000.00 on August 16, 2024.

Claimant alleges they were given misinformation on the risks involved with purchasing REITs. Claimant invested in several REITS over a period of time and claims they were not suitable recommendations.

There are Recent Customer Complaints with Broker Alexander Kline in Firm Cambridge Investment Research, Inc.

April 6, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Alexander Kline (Kline), currently associated with Cambridge Investment Research, Inc., has been subject to at least 3 disclosable events. These events include 3 customer complaints. Several of those complaints against Kline concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a pending customer complaint on August 14, 2024.

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

There are Recent Customer Complaints with Broker Howard Douglas in Firm Osaic Wealth, Inc.

April 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Howard Douglas (Douglas), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Douglas 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 $42,000.00 on August 15, 2024.

Per the Equitable Advisors LLC filing, customer alleges unsuitability and inadequate disclosure about risks with respect to a REIT purchased in 2014.

Broker Neal Hayias in Equitable Advisors, LLC Firm Has Customer Complaint

April 6, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on August 14, 2024.

Claimant alleges REIT purchased was unsuitable.

There are Recent Customer Complaints with Broker Lawrence Rice in Firm Centaurus Financial, Inc.

April 6, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 14, 2024.

Without admitting or denying the findings, Rice consented to the sanction and to the entry of findings that he declined to provide documents and information requested by FINRA in connection to its investigation of allegations made on a Form U5 by his member firm. The findings stated that Rice’s firm alleged that he failed to timely disclose a pending civil action in which he was named, as per firm policy and industry regulations.

Broker Luis Quintanar castanon in J.P. Morgan Securities LLC Firm Has Customer Complaint

April 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 20, 2024.

Respondent Quintanar Castanon failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Daniel Diaz in Firm Phx Financial, Inc.

April 5, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on August 19, 2024.

Between the dates of 11/2020 thru 12/2024, Claimant alleges respondent recommended unsuitable investments.

There are Recent Customer Complaints with Broker Derrick Brauner in Firm Moloney Securities Co., Inc.

April 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Derrick Brauner (Brauner), currently associated with Moloney Securities Co., Inc., has at least one disclosable event. These events include one customer complaint, alleging that Brauner 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 $54,000.00 on August 20, 2024.

Suitability/negligence. 2018-2020

There are Recent Customer Complaints with Broker Jared Kirby in Firm Raymond James & Associates, Inc.

April 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jared Kirby (Kirby), currently associated with Raymond James & Associates, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Kirby 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 $10,667.00 on August 19, 2024.

Claimant alleges purchase of Treasury Bills approved by Claimant became improper when Claimant’s third party bank failed to timely transfer money into Claimant’s Raymond James account to purchase the securities, thus leaving the securities to be purchased with margin.