Securities Lawyers Blog

There are Recent Customer Complaints with Broker David Lesko in Firm LPL Enterprise, LLC

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Lesko (Lesko), currently associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Lesko 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 $5,000.00 on August 22, 2022.

Client alleges that an unsuitable bond was bought in his account causing him to lose money

There are Recent Customer Complaints with Broker Michael Coughlin in Firm Morgan Stanley

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Coughlin (Coughlin), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Coughlin 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 $500,000.00 on August 22, 2022.

Claimant alleges, inter alia, unsuitability with regards to investment in accounts – Jan 2009 – Nov 2021

There are Recent Customer Complaints with Broker Michael Levine in Firm Wells Fargo Clearing Services, LLC

November 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on August 18, 2022.

Claimant alleges that in or about 2014, the FA made unsuitable purchases in technology stocks.

Broker Preston Runyan in World Equity Group, INC. Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

Currently financial advisor Preston Runyan (Runyan), currently employed by brokerage firm World Equity Group, 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 settled customer complaint with a damage request of $40,000.00 on August 24, 2022.

Claimant alleges, Respondent, through their registered representative, failed to conduct reasonable due diligence and continuously recommended an investment strategy almost entirely comprised of speculative and illiquid private placements such as real estate investment trusts (‘REITs’). Rep been a Registered Representative with WEG since 2008. Claimant asserts legal claims for unsuitable recommendations, material misrepresentations and omissions, failure to supervise and violation of FINRA rules and seeks compensatory damages of approximately $40,000, punitive damages, pre and post judgement interest and attorneys’ fees and costs of action.

There are Recent Customer Complaints with Broker Dirk Rabenold in Firm LPL Financial LLC

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dirk Rabenold (Rabenold), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rabenold 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 $5,000.00 on August 18, 2022.

In September 2021, the customer directed a $450,000 wire transfer from the customer’s investment account to the customer’s personal bank account. The customer subsequently became a victim of a fraudulent telephone scam where the customer transferred the funds from the customer’s bank account to a third party in a fraudulent investment. The customer now alleges that she did not understand what she was doing at the time and the registered representative should not have honored the customer’s directive to transfer funds from the customer’s investment account to the customer’s personal bank account.

Broker William Heftel in Center Street Securities, INC. Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Heftel (Heftel), previously associated with Center Street Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Heftel 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 $250,000.00 on August 23, 2022.

Client alleges registered representative recommended an unsuitable product.

Broker Jacquin Fink in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

November 8, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Jacquin Fink (Fink), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Fink concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

FINRA BrokerCheck shows a settled customer complaint on August 19, 2022.

The customer alleges unsuitable investment recommendations, churning and misrepresentations.

There are Recent Customer Complaints with Broker Todd Gottel in Firm Realta Equities, INC.

November 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on August 25, 2022.

ALLEGATIONS SPECIFICALLY RELATED TO GWG “L-BONDS”. CLAIM ALLEGES BREACH OF CONTRACT, VIOLATION OF STATE SECURITIES STATUTES, BREACH OF FIDUCIARY DUTY, CLAIMS UNDER COMMON LAW, AND VICARIOUS LIABILITY.

Broker Trawnegan Gall in Wealthforge Securities, LLC Firm Has Customer Complaint

November 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Trawnegan Gall (Gall), currently associated with Wealthforge Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gall 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 $450,000.00 on August 30, 2022.

Claimant alleges unsuitable recommendations by the defendant in 2018 and 2019. Breach of Fiduciary Duty, Violation of FINRA rules, Negligence, Breach of contract

Broker Andrew Sims in William Blair Firm Has Customer Complaint

November 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Sims (Sims), currently associated with William Blair, has at least one disclosable event. These events include one customer complaint, alleging that Sims 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 $68,000,000.00 on September 01, 2022.

January 2021 – March 2022: Investment advisory client alleged that certain false representations were made in connection with investment activity within client advisory accounts, including the opening of such accounts.