Securities Lawyers Blog

There are Recent Customer Complaints with Broker Stevan Paton in Firm Raymond James & Associates, INC.

May 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 19, 2024.

Customer alleged that advisory fees charged in the accounts were not justified during periods when there were no transactions in the accounts. (1/1/2020-12/31/2022)

There are Recent Customer Complaints with Broker Scott Phillips in Firm Centaurus Financial, INC.

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Phillips (Phillips), currently associated with Centaurus Financial, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Phillips 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 $68,000.00 on April 22, 2024.

The customer alleges that in May 2019, the Registered Representative recommended an unsuitable, high-risk, investment and breached his fiduciary duty.

There are Recent Customer Complaints with Broker James Norris in Firm Robert W. Baird & CO. Incorporated

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Norris (Norris), currently associated with Robert W. Baird & CO. Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Norris 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 $222,320.00 on April 23, 2024.

Client Alleges the Financial Advisor failed to follow his instructions.

Broker Brandon Rudolph in Wealthforge Securities, LLC Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brandon Rudolph (Rudolph), previously associated with Wealthforge Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rudolph 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 $100,000.00 on April 24, 2024.

Purchase of unsuitable promissory note

There are Recent Customer Complaints with Broker Tyler Rigsbee in Firm Wells Fargo Clearing Services, LLC

May 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 24, 2024.

Customer verbally complained that the financial advisor forged distribution requests and stole funds from her IRA and non-IRA accounts. (12/13/2018-4/7/2021)

Broker Paul Tunink in Ameritas Investment Company, LLC Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Tunink (Tunink), currently associated with Ameritas Investment Company, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tunink 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 $90,000.00 on April 25, 2024.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities. Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts. Reg BI is drawn from fiduciary principles that include an obligation to act in the retail investor’s best interest and the broker is prohibited from placing their own interests ahead of the investor’s interest.

Broker Jason Walsh in PHX Financial, INC. Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Walsh (Walsh), previously associated with PHX Financial, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Walsh 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 $47,500.00 on April 24, 2024.

The events arose while Rep was registered with National Securities. Claimant alleges respondent recommendations were unreasonable because of failure to conduct due diligence and material facts were omitted. Claimant also alleges breach of contact, negligence and gross negligence.

There are Recent Customer Complaints with Broker Ross Brenner in Firm Ameritas Investment Company, LLC

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ross Brenner (Brenner), currently associated with Ameritas Investment Company, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brenner 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 $90,000.00 on April 25, 2024.

Client alleged RR ignored her instructions and placed her into an aggressively allocated account which she did not authorize.

Broker Kurt Gruenewald in Lifemark Securities Corp. Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kurt Gruenewald (Gruenewald), previously associated with Lifemark Securities Corp., has at least one disclosable event. These events include one customer complaint, alleging that Gruenewald 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 $100,000.00 on April 26, 2024.

Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. Investments were purchased from 11/2018 to 02/2019. Unfortunately, the company that issued the investment has since filed Chapter 11 bankruptcy.

Broker Adam Jacobs in Oppenheimer & CO. INC. Firm Has Customer Complaint

May 8, 2025 | by Staff Attorney

Currently financial advisor Adam Jacobs (Jacobs), currently employed by brokerage firm Oppenheimer & CO. INC. has been subject to at least 2 disclosable events. These events include 2 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $500,000.00 on April 26, 2024.

Claimants allege they suffered losses in a private placement investment and allege claims for negligence, breach of fiduciary duty, breach of contract, and violations of state securities laws. From 7/2018 – 3/2024