Securities Lawyers Blog

There are Recent Customer Complaints with Broker Michael Fasciglione in Firm Aegis Capital Corp.

February 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Fasciglione (Fasciglione), previously associated with Aegis Capital Corp., has at least 10 disclosable events. These events include 7 customer complaints, 3 regulatory, alleging that Fasciglione recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 03, 2025.

Respondent Fasciglione failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

There are Recent Customer Complaints with Broker Viktoriia Strange-vitkovska in Firm Key Investment Services LLC

February 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Viktoriia Strange-vitkovska (Strange-vitkovska), currently associated with Key Investment Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Strange-vitkovska 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 $117.60 on January 29, 2024.

With regard to a term life insurance policy purchased in September 2023, the Policy owner executed an affidavit of forgery and claims that she did not sign the life insurance application, illustration and labslip documents and did not authorize the purchase of the policy. She requested to surrender the policy.

Broker Jacob Cazier in J.w. Cole Financial, Inc. Firm Has Customer Complaint

February 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jacob Cazier (Cazier), previously associated with J.w. Cole Financial, Inc., has at least 4 disclosable events. These events include 4 customer complaints, alleging that Cazier 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 $14,400,000.00 on February 26, 2024.

Allegations against the Firm for failing to detect an alleged fraud operated away from the Firm by a deceased representative that was with the Firm for less than two months. Claimants invested with the other representative after his departure from the Firm. Claimants allege Registered Representative was indirectly involved.

There are Recent Customer Complaints with Broker Anthony Lopez in Firm Wells Fargo Clearing Services, LLC

February 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Lopez (Lopez), currently associated with Wells Fargo Clearing Services, 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 pending customer complaint with a damage request of $66,490.22 on October 23, 2024.

The client alleged that his Variable Universal Life (VUL) Insurance policy was misrepresented to him as he was not aware of the high premiums he would pay, the potential of adverse tax implications of making said premium payments and the sustainability of his accounts to be able to fund the policy.

Broker Benjamin Person in Osaic Wealth, Inc. Firm Has Customer Complaint

February 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Person (Person), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Person 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 $20,000.00 on March 14, 2023.

Clients allege poor advice concerning the exchange of life insurance policies to variable annuities.

There are Recent Customer Complaints with Broker Michelle Yang in Firm Morgan Stanley

February 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on October 02, 2024.

Client alleges the fees and commissions for the product she purchased were misrepresented.

Broker Nouachi Vang in LPL Financial LLC Firm Has Customer Complaint

February 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 28, 2023.

Client alleges that the advisor invested in ETF instruments and did not follow the clients instructions, resulting insignificant unrealized losses. The dates of the activity leading to the allegations are January 25, 2022, through March 10, 2023, per filing by Vanguard.

Broker John Galvin in Hightower Securities, LLC Firm Has Customer Complaint

February 11, 2025 | by Staff Attorney

Currently financial advisor John Galvin (Galvin), currently employed by brokerage firm Hightower Securities, LLC 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 November 21, 2023.

Claimant alleges REIT purchased was unsuitable.

There are Recent Customer Complaints with Broker Joao Bastos in Firm Citigroup Global Markets Inc.

February 11, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Joao Bastos (Bastos), currently employed by Citigroup Global Markets Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Bastos’s most recent customer complaint alleges that Bastos recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $885,000.00 on May 08, 2023.

Claimant alleges breaches of fiduciary duty related to recommendations regarding structured products, negligence, fraud, breach of contract, third-party beneficiary breach of contract, violations of federal and state securities statutes, violation of Reg BI and negligent supervision. (March 2020-August 2021)

Broker Rafael Fernandez in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

February 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rafael Fernandez (Fernandez), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one tax lien, alleging that Fernandez recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on April 02, 2024.

Making a materially false statement on the application for registration