Securities Lawyers Blog

Broker Ernest Collyer in Royal Alliance Associates, INC. Firm Has Customer Complaint

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ernest Collyer (Collyer), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Collyer 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 December 31, 2021.

Individual other than, but associated with, customer alleges that representative failed to follow customer’s instructions to change beneficiary on retirement account.

Broker Robert Williams in Capital Investment Group, INC. Firm Has Customer Complaint

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Williams (Williams), currently associated with Capital Investment Group, INC., 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 settled customer complaint with a damage request of $100,000.00 on January 03, 2022.

This is a product case, in which the firm was the only named respondent. The claim alleges that the firm did not conduct a reasonable due diligence of the product purchased by the client, Hospitality Investors Trust, Inc. (“HIT”), a publicly registered non-traded real estate investment trust. HIT was issued by American Realty Capital Properties, Inc. The client purchased $50,000 of HIT on or about 10/22/2015. HIT subsequently filed for Chapter 11 bankruptcy in May, 2021, and is ongoing.

Broker Tim Peyton in LPL Financial LLC Firm Has Customer Complaint

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tim Peyton (Peyton), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peyton 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 $750,000.00 on January 03, 2022.

The customers allege lack of suitability and failure to conduct proper due diligence as it relates to the purchase of two alternative investment products. They further allege over concentration and the failure to disclose the risk factors of the investment products in question.

Broker Kenneth Weiss in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

December 28, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 07, 2022.

Client complained that the financial advisor did not disclose that a portion of his compensation was a commission rate paid by the client and was not based on portfolio performance. (8/1/2019)

Broker Stephen Frantz in Nylife Securities LLC Firm Has Customer Complaint

December 28, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 04, 2022.

Customer’s POA alleges that the recommendation to purchase annuities, including variable annuities purchased in June 2006 and March 2017 resulted very little liquidity. The POA requests to transfer or rollover the funds without any surrender fees or other penalties.

There are Recent Customer Complaints with Broker Donald J. Mahoney in Firm UBS Financial Services INC.

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald J. Mahoney (Mahoney), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Mahoney 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 $2,000,000.00 on January 04, 2022.

Time frame: 10/2020 – 11/2020\, Allegations:\, Claimant alleges that during the transition from another financial firm to UBS FS, assets were invested in cash for ten (10) days rather than invested in securities. Claimant alleges they relied upon the Firm to transition the account and to keep them invested in the markets, and due to alleged negligent misrepresentations and omissions, negligent failure to supervise, breaches of fiduciary duty, and breaches of contract, they suffered damages in excess of $2,000,000.

Broker Allan Snider in Oppenheimer & CO. INC. Firm Has Customer Complaint

December 28, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Allan Snider (Snider), previously associated with Oppenheimer & CO. INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Snider concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $400,000.00 on January 06, 2022.

Claimant alleged unsuitable investments, breach of fiduciary duty, failure to supervise, breach of contract, misrepresentations, over-concentration, excessive trading and unauthorized trading. Not specified, but account open 2011-2021

There are Recent Customer Complaints with Broker Neil Auricchio in Firm Joseph Stone Capital L.l.c.

December 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Neil Auricchio (Auricchio), previously associated with Joseph Stone Capital L.l.c., has at least one disclosable event. These events include one customer complaint, alleging that Auricchio 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 January 12, 2022.

Alleged violations of state and federal securities laws including alleged excessive and unsuitable trading.

There are Recent Customer Complaints with Broker David Lopez in Firm Equitable Advisors, LLC

December 27, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 14, 2022.

Client alleges the RR misrepresented the tax implications of surrendering their annuity in 2019.

Broker Michael Mcilvoy in Edward Jones Firm Has Customer Complaint

December 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Mcilvoy (Mcilvoy), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Mcilvoy 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 $14,332.82 on January 13, 2022.

The client alleges that the financial advisor sold shares of T and purchased shares of AZNAX on 11/23/2021 without his authorization.