Securities Lawyers Blog

Broker Larry Hancock in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

April 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 03, 2024.

Client alleges lack of service, guidance, and unsuitable investments in several REITS that Mr. Hancock purchased and were done through his RIA: Proactive Retirement Solutions and were held at his RIA custodian: Schwab.

There are Recent Customer Complaints with Broker Christopher Tully in Firm Oppenheimer & CO. INC.

April 24, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 02, 2024.

Claimant asserts claims of fraud, negligence, breach of contract, breach of fiduciary duty, negligent supervision, violation of Sections 10(b) and 20(a) of the Securities Exchange Act and FINRA Rule 2020, and respondeat\, superior/vicarious liability relating to an alleged improper account opening. From 6/1/2017 to 2/1/2019.

Broker Keith Marshall in Geneos Wealth Management, INC. Firm Has Customer Complaint

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Keith Marshall (Marshall), currently associated with Geneos Wealth Management, INC., has at least one disclosable event. These events include one customer complaint, alleging that Marshall 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 $35,000.00 on July 12, 2024.

Customer complains about the investment recommendations made and alleges his account(s) incurred losses as a result.

There are Recent Customer Complaints with Broker Nancy Parrett in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nancy Parrett (Parrett), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Parrett 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 $11,949.00 on July 10, 2024.

Claimant alleges omissions about tax consequences related to the surrender of an annuity in March 2023.

There are Recent Customer Complaints with Broker Robert Stoner in Firm UBS Financial Services INC.

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Stoner (Stoner), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Stoner 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 $25,000.00 on July 11, 2024.

Time frame: 2024\, Claimant alleges that the FA failed to follow instructions to increase his equity asset allocation, which purportedly resulted in unrealized gains to his portfolio.

There are Recent Customer Complaints with Broker Robert Arensberg in Firm Nylife Securities LLC

April 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 16, 2024.

The Customer alleges she was misled when she purchased her VA in April 2014 and that she was not aware that it transferred to another variable annuity in May 2022. The customer requests the return of all surrender charges.

There are Recent Customer Complaints with Broker Luke Johnson in Firm Coastal Equities, INC.

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luke Johnson (Johnson), previously associated with Coastal Equities, INC., has at least 5 disclosable events. These events include 3 customer complaints, 2 regulatory events, alleging that Johnson recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 12, 2024.

The claimant alleges failure to conduct adequate due diligence before recommending and selling securities.

Broker Alex Blanco in MML Investors Services, LLC Firm Has Customer Complaint

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alex Blanco (Blanco), previously associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Blanco 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 $23,605.44 on July 11, 2024.

The beneficiary alleges that the Financial Professional failed to contact the account owner when the Financial Professional left HTK or when the underlying investment in the account fluctuated in value. The Financial Professional is no longer associated with the firm.

There are Recent Customer Complaints with Broker Jason Young in Firm Charles Schwab & Co., INC.

April 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 09, 2024.

Claimants allege that in early 2022, they hired the financial advisor to manage their accounts and that they wanted “growth”. However, Claimants allege the financial advisor allowed a substantial amount of cash to remain uninvested or in cash equivalent investments rather than purchasing equities. As a result, Claimants allege they missed an opportunity to capitalize on the rising equity market.

There are Recent Customer Complaints with Broker Mark Grueninger in Firm UBS Financial Services INC.

April 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Grueninger (Grueninger), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Grueninger 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 $1,885,552.00 on July 10, 2024.

Time frame: July 2018 to December 2019\, \, Allegations: Claimants’ counsel alleges that Respondents allowed Claimants’ former Certified Public Accountant to exceed the scope of his Power of Attorney resulting in his use of Claimants’ line of credit resulting in losses.