Securities Lawyers Blog

Broker Mark Brosa in Ameriprise Financial Services, LLC Firm Has Customer Complaint

February 25, 2025 | by Staff Attorney

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

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

Respondent Brosa failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Stefan Shimshidian in Firm Cabot Lodge Securities LLC

February 25, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stefan Shimshidian (Shimshidian), currently associated with Cabot Lodge Securities LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Shimshidian 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 $255,000.00 on November 21, 2024.

Claimant alleges Breach of Fiduciary Duty, Negligence and Negligent Misrepresentation, Breach of Contract, Failure to Supervise, Violation of Regulation Best Interest, regarding the purchase of GWG L-bonds from November 2017 through April 2021.

There are Recent Customer Complaints with Broker Ceondre Colvin in Firm Nylife Securities LLC

February 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on November 27, 2024.

Without admitting or denying the findings, Colvin 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 its investigation of a customer complaint that had been filed against him.

Broker Dennis Carter in Nylife Securities LLC Firm Has Customer Complaint

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Carter (Carter), currently associated with Nylife Securities LLC, 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 pending customer complaint on November 25, 2024.

Plaintiffs allege defendant facilitated a fraudulent scheme that attempted to minimize tax liability through a charitable planning trust strategy, which involving establishing various trusts and purchasing life insurance policies. Among other policies, Plaintiff, Nathan Ringer, purchased a variable universal life insurance policy in May 2019.

There are Recent Customer Complaints with Broker Michael Giordano in Firm Charles Schwab & Co., Inc.

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Giordano (Giordano), currently associated with Charles Schwab & Co., Inc., has at least one disclosable event. These events include one customer complaint, alleging that Giordano 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 $51,047.16 on November 22, 2024.

Client alleges in February 2023, the representative recommended an investment strategy that was unsuitable for his mother’s account which led to $51,000 in account losses.

There are Recent Customer Complaints with Broker Candice Montie in Firm Moloney Securities Co., Inc.

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Candice Montie (Montie), currently associated with Moloney Securities Co., Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Montie 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 $105,000.00 on November 26, 2024.

Suitability/negligence. 2013-2020

There are Recent Customer Complaints with Broker Rajesh Markan in Firm Hilltop Securities Inc.

February 24, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Rajesh Markan (Markan) 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 Markan was employed by Hilltop Securities Inc. at the time of the activity. If you have been a victim of Markan’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $300,000.00 on November 25, 2024.

Client alleges that she was solicited by her Financial Advisor to invest in an outside investment that was fraudulent. She also alleges misappropriation of funds.

There are Recent Customer Complaints with Broker Ginny Colarusso in Firm the Jeffrey Matthews Financial Group, L.l.c.

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ginny Colarusso (Colarusso), currently associated with the Jeffrey Matthews Financial Group, L.l.c., has at least one disclosable event. These events include one customer complaint, alleging that Colarusso 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 $20,000,000.01 on November 22, 2024.

Client began investing in cryptocurrency in December 2022 and January 2023 in legitimate sites. At the end of January 2023 he told his rep to liquidate his accounts as he had been too conservative all these years. His rep was against this idea as a bond portfolio takes years to build. He told her a story of billionaire investor friends that he did real estate deals with that told him that could triple his money. He claimed he was receiving statements as well had legal paperwork drawn up. We executed the wires on his request to the companies he designated. We researched the companies as well which were not listed on OFAC and were listed in the US. His rep also credited the wire fees for him as well as any account fee. This is a client with an accounting background that checks his accounts daily to the penny. I signed off on these wires as the Rep verified the wires were coming from the client directly. He started to experience issues when he tried to withdraw his money from this NFT platform. He was told he had to pay taxes and borrowed additional funds from his brother. At the time he was told he had made $100 million, and he gave his rep and her assistant directions as to what to do with the money when it was wired back in, this was April 2023. he then found out he was a victim of a pig butchering scam, and he had met a woman on Facebook who was helping direct his investments in which he began a relationship with during this time. We did not find out about her until April as well as the name of the NFT site, openraritypro.com a derision of Openrarity.com, which is a valid site and part of Opensea.com. Our clearing firm was able to retain a small amount from the wires as everything was reported as fraud.

Broker Oswaldo Ramos in Western International Securities, Inc. Firm Has Customer Complaint

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Oswaldo Ramos (Ramos), currently associated with Western International Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Ramos 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 $80,000.00 on November 22, 2024.

Customer alleges that an investment recommendation was unsuitable and misleading. Investments purchased between June – October 2020.

There are Recent Customer Complaints with Broker Maria Tsalis in Firm the Jeffrey Matthews Financial Group, L.l.c.

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maria Tsalis (Tsalis), currently associated with the Jeffrey Matthews Financial Group, L.l.c., has at least one disclosable event. These events include one customer complaint, alleging that Tsalis 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 $20,000,000.01 on November 22, 2024.

Client became interested in cryptocurrency in December 2022 and January 2023 and invested in legitimate sites. At the end of January 2023the client requested to liquidate his accounts to invest in NFTS. This was against the recommendation of the representative as a municipal bond portfolio takes years to build. However, the client said that he was too conservative over the years and wanted to increase his wealth. The rep followed his instructions and carefully liquidated his bonds over a course of time. The client directed the rep to wire out funds to a certain company in which he was investing. We followed his directions. When the company names started to change, she questioned him and was told it was the different NFT platforms. All companies were also researched by compliance and found to be listed in the US and not on OFAC. The rep was also told that billionaire investor friends from college were involved that the client did real estate deals for and made them a ton of money. She was told he was receiving statements and had legal contracts drawn up. In April 2023 when he attempted to withdraw his money from the site, he was told he had to pay taxes. He then borrowed money from his brother who agreed to lend him the money to increase his ownership their company. It was then that he finally revealed the name of the NFT platform, Openraritypro.com, this was a fraud site that banked off of Openrarity.com a division of OpenSea.com, two legitimate sites. We found out a woman was also involved as she contacted the client on Facebook and helped lead the whole pig butchering scam. The rep did not endorse the NFT site or investment at all as she was not aware of the site name until April. The statement of claim contains many inaccurate statements.