Securities Lawyers Blog

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

There are Recent Customer Complaints with Broker David Frohlichstein in Firm Ausdal Financial Partners, Inc.

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Frohlichstein (Frohlichstein), currently associated with Ausdal Financial Partners, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Frohlichstein 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.

BREACH OF CONTRACT AND WARRANTIES, PROMISSORY ESTOPPEL; VIOLATION OF STATE SECURITIES STATUTES; BREACH OF FIDUCIARY DUTY; CLAIMS UNDER COMMON LAW; VICARIOUS LIABILITY.

Broker Andrew Zigouras in Concorde Investment 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 Andrew Zigouras (Zigouras), currently associated with Concorde Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zigouras 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.

Client is alleging that the agent misrepresented the terms of policy purchased in 2022.

Broker Thomas Ellis in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Ellis (Ellis), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Ellis 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 $1,000,000.00 on January 07, 2025.

Co-Personal Representatives for the estate allege that the Financial Advisor failed to act in the client’s best interest and made an unsuitable recommendation related to a variable annuity in June 2022.

Broker Douglas Frank in Wells Fargo Advisors Financial Network, LLC Firm Has Customer Complaint

February 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Frank (Frank), currently associated with Wells Fargo Advisors Financial Network, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Frank 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, 2025.

Customer alleges failure to follow instructions and misrepresentation in connection with the sale of securities in March 2023.

There are Recent Customer Complaints with Broker Alvery Bartlett in Firm Aegis Capital Corp.

February 16, 2025 | by Staff Attorney

Previously financial advisor Alvery Bartlett (Bartlett), previously employed by brokerage firm Aegis Capital Corp. has been subject to at least 4 disclosable events. These events include 3 customer complaints, one tax lien. 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 claimants allege that the Firm and representative failed to make a suitable recommendation and over-concentrated claimants account in alternative investments and private placements from 2010-2016 . The claimants further allege that the Firm and representative misrepresented the investments and induced the claimant to retain the investment and caused them to suffer a loss.

There are Recent Customer Complaints with Broker Daniel Beech in Firm Innovation Partners LLC

February 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Beech (Beech), previously associated with Innovation Partners LLC, has at least 10 disclosable events. These events include 9 customer complaints, one tax lien, alleging that Beech 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 $1,400,000.00 on January 15, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

Broker Vipul Talati in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

February 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vipul Talati (Talati), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Talati 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 $20,000.00 on January 14, 2025.

Client complained that the Financial Advisor’s recommendation was not in line with clients primary objective of capital preservation, resulting in unrealized loss in market value. Client is seeking reimbursement for losses. (9/17/2024 – 1/14/2025)