Securities Lawyers Blog

Broker Jason Salmon in Fnex Capital, LLC Firm Has Customer Complaint

March 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Salmon (Salmon), currently associated with Fnex Capital, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Salmon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on September 23, 2024.

From investment activity in 2019, claimants allege the following: failure to conduct reasonable due diligence, failure to make material disclosures, failure to conduct suitability, misrepresentation and omissions, branch of contract, breach of fiduciary duty.

Broker Maria Leon in Pnc Investments Firm Has Customer Complaint

March 18, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Maria Leon (Leon) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Leon was employed by Pnc Investments at the time of the activity. If you have been a victim of Leon’s alleged misconduct our firm may be able to assist you in recovering funds.

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

Without admitting or denying the findings, Leon consented to the sanction and to the entry of findings that she refused to provide information and documents or to appear for on-the-record testimony requested by FINRA in connection with its investigation into the circumstances surrounding the Form U5 filed by her member firm. The findings stated that the firm submitted the Form U5 disclosing that it had discharged Leon during an investigation into misappropriation of customer funds.

Broker Dwight Kay in Fnex Capital, LLC Firm Has Customer Complaint

March 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 23, 2024.

From investment activity in 2019, claimants allege the following: failure to conduct reasonable due diligence, failure to make material disclosures, failure to conduct suitability, misrepresentation and omissions, branch of contract, breach of fiduciary duty

There are Recent Customer Complaints with Broker Jose Candelario padilla in Firm Nationwide Planning Associates Inc.

March 18, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Jose Candelario padilla (Candelario padilla), previously associated with Nationwide Planning Associates Inc., has been subject to at least 17 disclosable events. These events include 16 customer complaints, one regulatory. Several of those complaints against Candelario padilla 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 23, 2024.

Plaintiff Office of the Commissioner of Financial Institutions (‘OCFI’) alleges that this matter concerns violations by registered representative and investment advisor representative (‘IAR’) Jos\\u00e9 Manuel Candelario Padilla (‘Candelario’) of securities rules that caused serious harm to multiple clients. Most of the accounts were IRA or pension plan accounts of clients over 60 years old, at or near retirement, with annual income below $50,000.00, net worth and liquid net worth between $100,000.00 and $500,000.00, and monthly withdrawal instructions in place, which was indicative of a need to draw monthly retirement income from investments. The OCFI’s complaint alleged that, during the period from October 1, 2019 to November 30, 2022, Candelario violated Sections 101(2) and 101(3) of Puerto Rico Uniform Securities Law and Sections 25.1, 25.3.2, 25.3.3, 25.3.4, 25.3.5, 25.3.7, 25.3.9, 25.4.10 and 25.6.6 of Regulation No. 6078 thereunder by, among other things, making untrue statements and omission of material facts in connection with the offer, sale and purchase of securities; engaging in acts, practices, or course of business which operated as a fraud or deceit upon his clients; making unsuitable investment recommendations to his customers; churning customers’ accounts; engaging in switching of unit investment trusts and mutual funds; unauthorized trades; and the conversion of accounts from brokerage to advisory accounts. In the advisory accounts, Candelario also engaged in the deceptive practices of making unsuitable recommendations, non-compliance with fiduciary duty and guaranteeing accounts of clients against losses in any securities at the investment adviser.

Broker Eva Ovejero in Raymond James & Associates, Inc. Firm Has Customer Complaint

March 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eva Ovejero (Ovejero), currently associated with Raymond James & Associates, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Ovejero 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 $3,275,000.00 on September 23, 2024.

Client’s attorney alleges, inter alia, that by way of negligence, misrepresentation, and a breach of fiduciary duty, the client was induced to invest with a third-party in investments managed and held away from Morgan Stanley.

Broker Richard Michalski in Laidlaw & Company (uk) Ltd. Firm Has Customer Complaint

March 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Michalski (Michalski), currently associated with Laidlaw & Company (uk) Ltd., has at least 3 disclosable events. These events include one customer complaint, 2 tax liens, alleging that Michalski 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 $399,000.00 on September 23, 2024.

Client alleges breach of fiduciary duty from 2018 to 2023

There are Recent Customer Complaints with Broker Christian De berardinis in Firm Morgan Stanley

March 18, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Christian De berardinis (De berardinis) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that De berardinis was employed by Morgan Stanley at the time of the activity. If you have been a victim of De berardinis’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on September 19, 2024.

Without admitting or denying the findings, De Berardinis consented to the sanctions and to the entry of findings that he participated in private offerings of securities that raised $2.45 million from customers of his member firm without providing prior written notice to or receiving approval from his firm. The findings stated that De Berardinis introduced the firm customers to the CEO of a dairy company and recommended that they invest in the company. De Berardinis also facilitated the customers’ investments by providing them with information about the investment. In some cases, De Berardinis assisted customers with paperwork and, at his customers’ requests, transferred funds from the customers’ firm accounts to the company to fund their investments. De Berardinis received $22,500 from the company in referral fees. De Berardinis also falsely responded to questions about whether he had participated in private securities transactions on annual firm compliance questionnaires.

There are Recent Customer Complaints with Broker Huanwei Huang in Firm Glendale Securities, Inc.

March 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Huanwei Huang (Huang), currently associated with Glendale Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Huang 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 $580,000.00 on September 21, 2024.

BREACH OF DUTY, CONVERSION, FRAUD AND MISREPRESENTATION, UNJUST ENRICHMENT, NEGLIGENCE, EXTREME EMOTIONAL DISTRESS. TIME PERIOD: BETWEEN 2020-2023

Broker Walter Williams in Commonwealth Financial Network Firm Has Customer Complaint

March 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Walter Williams (Williams), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, 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 $75,000.00 on September 20, 2024.

Claimants allege the RR recommended an unsuitable Oil & Gas investment.

Broker Richard Ceffalio in LPL Financial LLC Firm Has Customer Complaint

March 18, 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 4 disclosable events. These events include 4 customer complaints, 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 on September 23, 2024.

Customers allege that between 2012 and 2023 Ceffalio managed their accounts in an unsuitable manner and misrepresented the total value of claimants’ accounts.