Securities Lawyers Blog

Broker Andre Davis in Paulson Investment Company LLC Firm Has Customer Complaint

March 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andre Davis (Davis), previously associated with Paulson Investment Company LLC, has at least one disclosable event. These events include one tax lien, 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 September 06, 2024.

Davis caused a default of the Consent Order between \<char_lb_r>\, Respondent Andre P. Davis (“Davis”) and the New Jersey Bureau of Securities (“Bureau”) entered by the Bureau Chief on October 11, 2023 by failing to comply with its provisions.

Broker Michael Taglich in Taglich Brothers, Inc. Firm Has Customer Complaint

March 23, 2025 | by Staff Attorney

Currently financial advisor Michael Taglich (Taglich), currently employed by brokerage firm Taglich Brothers, 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 $876,101.98 on September 06, 2024.

The arbitration was filed September 2024 almost 9 years after the last investment with Taglich Brothers, Inc. (TBI). The Claimant is alleging the Respondents are responsible for his current financial circumstances 9 years after the last investment made through TBI.

Broker Roy Williams in Stifel, Nicolaus & Company, Incorporated Firm Has Customer Complaint

March 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roy Williams (Williams), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Williams recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

Without admitting or denying the findings, Williams consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA during the course of an investigation that originated from a Form U5 submitted by his member firm. The findings stated that the Form U5 disclosed that Williams had been discharged for obtaining loans from firm clients and making misrepresentations regarding client loans on annual certifications. Although Williams initially cooperated with FINRA’s investigation, he ultimately ceased doing so.

There are Recent Customer Complaints with Broker Ashlee Godfrey in Firm Benjamin F. Edwards & Company, Inc.

March 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ashlee Godfrey (Godfrey), previously associated with Benjamin F. Edwards & Company, Inc., has at least one disclosable event. These events include one tax lien, alleging that Godfrey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on September 09, 2024.

Without admitting or denying the findings, Godfrey consented to the sanction and to the entry of findings that she refused to provide on-the-record testimony requested by FINRA in connection with its investigation into misstatements she made to a customer of her member firm using an unapproved communication platform. The findings stated that Godfrey misrepresented to the customer that certain preferred securities were insured.

Broker Shadi Barakat in Alexander Capital, L.p. Firm Has Customer Complaint

March 22, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Shadi Barakat (Barakat), previously associated with Alexander Capital, L.p., has been subject to at least one disclosable event. These events include one tax lien. Several of those complaints against Barakat 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 September 09, 2024.

Barakat was named a respondent in a FINRA complaint alleging that he failed to provide on-the-record testimony requested by FINRA as a part of its investigation into whether he engaged in churning and excessive trading in his customers’ accounts. The complaint alleges that Barakat’s refusal to appear for testimony impeded FINRA’s investigation into his potential misconduct.

There are Recent Customer Complaints with Broker Shannan Denison in Firm International Assets Advisory, LLC

March 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shannan Denison (Denison), currently associated with International Assets Advisory, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Denison 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 $200,000.00 on September 09, 2024.

Alleged unsuitable investment recommendations and misrepresentation and omission of material information in reference to multiple alternative investments.

Broker Amy Furuno in Lucid Capital Markets, LLC Firm Has Customer Complaint

March 22, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $3,350,000.00 on September 09, 2024.

On September 9, 2024, Lucid Capital Markets received from Ladenburg Thalmann a copy of a written customer complaint against Ladenburg and Amy Furuno. The customer complaint alleges that while employed at Ladenburg, Ms. Furuno assisted in the unauthorized liquidation of a security and delivery of proceeds via wire to the customers partner.

Broker Mauricio Alvarez in UBS Financial Services Inc. Firm Has Customer Complaint

March 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mauricio Alvarez (Alvarez), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Alvarez 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 $50,000.00 on September 09, 2024.

Time frame: May 2011 to 2023\, \, Allegations: Claimant’s counsel alleges UBS failed to do adequate due diligence on a fund of funds, which counsel alleges was unsuitable for any investor, and as a result all relevant risks were not disclosed to investors.

There are Recent Customer Complaints with Broker James Dorney in Firm UBS Financial Services Inc.

March 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Dorney (Dorney), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Dorney 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 $50,000.00 on September 09, 2024.

Time frame: September 2010 to 2023\, \, Allegations: Claimant’s counsel alleges UBS failed to do adequate due diligence on a fund of funds, which counsel alleges was unsuitable for any investor, and as a result all relevant risks were not disclosed to investors.

Broker David Page in Spartan Capital Securities, LLC Firm Has Customer Complaint

March 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Page (Page), previously associated with Spartan Capital Securities, LLC, has at least 3 disclosable events. These events include 2 customer complaints, one tax lien, alleging that Page recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on September 09, 2024.

Respondent Page 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.