Securities Lawyers Blog

Broker Lester Hamrick in MML Investors Services, LLC Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lester Hamrick (Hamrick), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hamrick 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 $100,000.01 on January 07, 2025.

The complainants allege that in/or around February 2021, they began investing with their registered representative, and communicated that they wanted preservation of assets, conservative investments, with only moderate risks, but due to an unsuitable investment strategy, involving high risk unsuitable securities, and a costly whole life insurance strategy, they have lost a significant amount of their life savings. The complainants also allege the Firm failed to supervise the registered representative.

Broker Francesco Traina in Raymond James Financial Services, Inc. Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francesco Traina (Traina), currently associated with Raymond James Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Traina 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 $20,000,000.00 on January 13, 2025.

Plaintiff alleges in 2015, the FA opened an unauthorized account under the Plaintiff’s company name

Broker Boruch Gutter in Equitable Advisors, LLC Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Boruch Gutter (Gutter), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gutter 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 $5,000.00 on January 12, 2025.

Client alleges RR Gutter made misrepresentations in connection with a VUL policy purchased in 2021 which was unsuitable for their financial needs.

Broker Stephen Rogers in LPL Financial LLC Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 13, 2025.

Customer alleges that an investment made in 2015 was unsuitable for the customer’s investment objectives and risk tolerance.

There are Recent Customer Complaints with Broker Mitchell Walk in Firm Kestra Investment Services, LLC

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mitchell Walk (Walk), currently associated with Kestra Investment Services, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Walk recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on January 10, 2025.

Claimants allege an unsuitable recommendation for the purchase of a security.

There are Recent Customer Complaints with Broker Betsy Whipple in Firm Osaic Wealth, Inc.

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Betsy Whipple (Whipple), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Whipple 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 January 10, 2025.

Per Newbridge Securities Corp filing, breach of contract, violation of state securities statutes, breach of fiduciary duty, negligence and vicarious liability.

There are Recent Customer Complaints with Broker T Thompson in Firm Truist Investment Services, Inc.

February 16, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on January 09, 2025.

Clients allege the representative made unstable trades and recommendations and are requesting reimbursement/compensation of funds lost as a result.

There are Recent Customer Complaints with Broker Daniel Barnard in Firm Cabin Securities, Inc.

February 16, 2025 | by Staff Attorney

Previously financial advisor Daniel Barnard (Barnard), previously employed by brokerage firm Cabin Securities, Inc. has been subject to at least one disclosable event. These events include one customer complaint. 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 on January 13, 2025.

The claimant alleges that the Firm and representative failed to make a suitable recommendation and over-concentrated claimants account in alternative investments and private placements in 2011-2017. The claimant further allege that the Firm and representative misrepresented the investments and induced the claimant to retain the investment caused them to suffer a loss.

Broker Juan Rionda in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Juan Rionda (Rionda) 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 Rionda was employed by Merrill Lynch, Pierce, Fenner & Smith Incorporated at the time of the activity. If you have been a victim of Rionda’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 $4,500,000.00 on January 07, 2025.

Client alleges misappropriation of funds.

There are Recent Customer Complaints with Broker Anthony Mampieri in Firm Wells Fargo Advisors Financial Network, LLC

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Mampieri (Mampieri), currently associated with Wells Fargo Advisors Financial Network, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mampieri 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 $7,700,000.00 on January 08, 2025.

CLIENT’S ATTORNEY ALLEGES, INTER ALIA, THAT THE CLIENT’S ACCOUNTS WERE NOT MANAGED IN HER BEST INTERESTS 2010-2023