Securities Lawyers Blog

Broker Herman Kahn in Kestra Investment Services, LLC Firm Has Customer Complaint

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Herman Kahn (Kahn), previously associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kahn 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 $110,000.00 on December 29, 2021.

Claim alleges that the FP and firm failed to disclose the risky nature of 2 investments and that the transactions were not suitable based on investment objectives and risk tolerance.

Broker Willard Pugh in Kestra Investment Services, LLC Firm Has Customer Complaint

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Willard Pugh (Pugh), currently associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pugh 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 $100,000.01 on December 22, 2021.

THE MATTER IS REPORTED BASED ON THE INFORMATION FILED BY PRIOR EMPLOYING FIRM: DAWSON JAMES SECURITIES, INC. (“DJS”). FOLLOWING IS THE EXPLANATORY SUMMARY FILED BY DJS WITH RESPECT TO THE REPORTED MATTER: “CLAIMANTS ALLEGE THAT RESPONDENT DID NOT CONDUCT A REASONABLE DUE DILIGENCE ON HIT, THAT THE RISKS OF THIS INVESTMENT WAS NOT DISCLOSED TO THEM, AND THAT THIS INVESTMENT WAS UNSUITABLE FOR THEM BECAUSE THE RISKS WERE NOT DISCLOSED TO THEM AND THIS INVESTMENT RECOMMENDATION WAS INCONSISTENT WITH THEIR INVESTMENT OBJECTIVES AND RISK TOLERANCE”

Broker Tom Wallack in J.P. Morgan Securities LLC Firm Has Customer Complaint

December 29, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on December 17, 2021.

Time Frame: June 14, 2019 to December 15, 2021\, The client’s son in law who has authorization alleges the fee structure was not suitable for an 84 years old, whose husband is recently deceased and has approximately less than $2 million in fixed income.

There are Recent Customer Complaints with Broker William Shopoff in Firm Shopoff Securities, INC.

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Shopoff (Shopoff), currently associated with Shopoff Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Shopoff 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 $180,000.00 on December 21, 2021.

Plaintiff alleges misstatements and omissions, and related claims, in connection with Tenant-in-Common/1031 Exchange investment transactions in real estate property in late 2016.

Broker Burton Carter in J.w. Cole Financial, INC. Firm Has Customer Complaint

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Burton Carter (Carter), previously associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Carter 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 $101,544.00 on December 21, 2021.

Client alleges registered representative breached his fiduciary duty and was negligent when assisting her conservators in liquidating her account.

Broker James Woods in Oppenheimer & CO. INC. Firm Has Customer Complaint

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Woods (Woods), previously associated with Oppenheimer & CO. INC., has at least one disclosable event. These events include one customer complaint, alleging that Woods recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $6,989,702.00 on December 28, 2021.

Woods was a subject of the customers’ complaint against his member firm that asserted the following causes of action: violations of FINRA Rules; breach of fiduciary duty; aiding and abetting breach of fiduciary duty; breach of contract and breach of the duty of good faith and fair dealing; unlawful sales of securities; and respondeat superior/agency by estoppel liability.

Broker Brian Heublein in Cetera Advisors LLC Firm Has Customer Complaint

December 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Heublein (Heublein), currently associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Heublein 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 $140,000.00 on December 31, 2021.

Client is requesting compensation for option losses in which she alleges the representative provided poor advice.

There are Recent Customer Complaints with Broker Clinton Warner in Firm Triad Advisors LLC

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Clinton Warner (Warner), previously associated with Triad Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Warner 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 $10,612.00 on January 10, 2022.

In a written complaint dated January 10, 2022, addressed to Bankers Life and Casualty Company (BLC), an insurance company affiliate of the Firm, client alleged that a Guaranteed Lifetime Income Annuity (GLIA) and a Premium Bonus Indexed Annuity (PBIA) were unsuitable given her age and financial situation. Client further alleged she was unclear on the features of the products recommended due to being on pain medication at that time. Client requested BLC unwind these transactions and return her premiums. BLC denied the complaint and determined that the sale of the annuities were suitable and that the terms of the annuities were fully disclosed to the client, but as an accommodation allowed client to surrender her polices without penalties. While the annuities sold to the client were not securities and were issued by BLC, the Firm is reporting this complaint because the source of funding came from the sale of securities recommended by a former financial representative of the Firm.

There are Recent Customer Complaints with Broker Onassis Burress in Firm First Citizens Investor Services, INC.

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Onassis Burress (Burress), previously associated with First Citizens Investor Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Burress 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 $8,146.77 on January 06, 2022.

Registered Rep Onassis Burress recommended the client rollover her appx $50K retirement account into the GALIC Index Summit 6 annuity in November 2020. The annuity contract was signed December 31, 2020. The funds rolled over into the account on February 5, 2021 but remained in the sweep account and were never placed in the annuity as planned. Client requested compensation for the lost earnings that she would have received if the funds had been invested as instructed. First Citizens Investor Services settled this matter via Restorative Payment in the amount of $8146.77 on March 4, 2022.

There are Recent Customer Complaints with Broker Dustin Perkins in Firm Stonex Securities INC.

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dustin Perkins (Perkins), currently associated with Stonex Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Perkins 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 $100,000.00 on January 03, 2022.

Defendant recklessly encouraged the plantiff to invest funds with one of the defendant’s other clients (i.e. The defendant’s friend). Plaintiff now seeks to recover those funds from defendant for: negligence; breach of fiduciary duty; and violation of tennessee’s consumer protection act.