Securities Lawyers Blog

There are Recent Customer Complaints with Broker John Tryon in Firm Centaurus Financial, INC.

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Tryon (Tryon), currently associated with Centaurus Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Tryon 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 May 03, 2024.

The customer alleges that the Registered Representative recommended unsuitable, high-risk, illiquid investments and breached his fiduciary duty. No specific dates for the alleged activity were identified in the Statement of Claim.

There are Recent Customer Complaints with Broker Michael Yarus in Firm Carter, Terry & Company, INC.

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Yarus (Yarus), previously associated with Carter, Terry & Company, INC., has at least one disclosable event. These events include one customer complaint, alleging that Yarus 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 $21,401.40 on May 06, 2024.

Customer verbally complained that their financial advisor did not explain the Make Whole feature of the recommended bonds, which were called pursuant to the Make Whole feature, resulting in a loss. (1/26/2021-1/25/2023)

There are Recent Customer Complaints with Broker Juliann Smith in Firm Moloney Securities Co., INC.

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juliann Smith (Smith), currently associated with Moloney Securities Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $66,900.00 on May 06, 2024.

Suitability/negligence. 2017-2024

Broker Peter Hoover in Wealth Enhancement Brokerage Services, LLC Firm Has Customer Complaint

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Hoover (Hoover), previously associated with Wealth Enhancement Brokerage Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hoover 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 $649,000.00 on May 06, 2024.

Client alleges various causes of action due to losses related to trading of options in her investment advisory account from 2021-2022.

Broker Vincent Sherry in Arete Wealth Management, LLC Firm Has Customer Complaint

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Sherry (Sherry), currently associated with Arete Wealth Management, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sherry 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 $44,016.00 on May 03, 2024.

Customer claims RR did not monitor account performance.

There are Recent Customer Complaints with Broker Ralph Savoie in Firm Cambridge Investment Research, INC.

May 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Savoie (Savoie), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Savoie 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 $15,000.00 on May 06, 2024.

Claimant alleges that the Representative recommended an unsuitable investment strategy that included a risky and complex insurance product. Claimant further alleges that features of the product were misrepresented by the Representative.

Broker Scott Mccluskey in Nylife Securities LLC Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 08, 2024.

The customer alleges the Variable Life Insurance policy and the Variable Annuity policy she purchased between November 2015 and April 2019 were not appropriate in consideration of her retirement needs and have underperformed as investments. The customer, now a claimant, has filed an arbitration asserting claims regarding six contracts that she purchased, including one variable life insurance policy and one variable annuity. She alleges that she was misled during the sales process and that the products were unsuitable given her financial goals and objectives. Claimant is seeking compensatory damages between $100,000.01 and $500,000.00, plus punitive damages, attorney’s fees and costs.

Broker Colin Kelty in Cetera Investment Services LLC Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Colin Kelty (Kelty), previously associated with Cetera Investment Services LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kelty 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 $1,567,400.00 on May 15, 2024.

Claimant alleges unsuitable investment recommendations that resulted in losses.

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

May 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ronald Cappuccio (Cappuccio), currently associated with Charles Schwab & Co., INC., has at least one disclosable event. These events include one customer complaint, alleging that Cappuccio 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 $2,700,000.00 on May 09, 2024.

While working at Quantum and Co., clients allege that the solicitation of accounts were improper by allegedly misrepresenting material facts and omissions related to the purchase of unregistered pre-Initial Public Offering securities. This matter is a pending civil litigation.

Broker Gregory Whelan in Kovack Securities INC. Firm Has Customer Complaint

May 4, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint with a damage request of $3,408,797.00 on May 14, 2024.

The customer alleges unsuitable investments, misrepresentations, and the use of personal email to engage in selling away.