Securities Lawyers Blog

Broker Cyrus Baravati in Charles Schwab & Co., Inc. Firm Has Customer Complaint

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cyrus Baravati (Baravati), currently associated with Charles Schwab & Co., Inc., has at least one disclosable event. These events include one customer complaint, alleging that Baravati 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 $25,286.38 on November 10, 2024.

The client alleges he was misled about a transfer of accounts from another firm. The client claims that he was advised the transfer would be in-kind and not incur any tax consequences.

There are Recent Customer Complaints with Broker Fred Chen in Firm Emerson Equity LLC

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Fred Chen (Chen), currently associated with Emerson Equity LLC, has at least 4 disclosable events. These events include 4 customer complaints, alleging that Chen 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 $300,000.00 on December 11, 2024.

Breach of written contract, breach of fiduciary duty, negligence and gross negligence, misrepresentations and omissions, violation of finra rules, violation of federal securities laws, violation of the california securities act and violation of best interest obligations. June 2020

Broker Ryan Bohn in Park Avenue Securities LLC Firm Has Customer Complaint

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Bohn (Bohn), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bohn 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 $40,000.00 on December 08, 2024.

Client alleges he transferred his previous account which was 100% equities to an sma account with a 70/30 split of equities to bonds based on the rrs recommendation. Client further alleges he was not informed of the tax implications when the account was traded to rebalance from equities to purchase municipal bonds.

Broker Gregory Bingel in Cambridge Investment Research, Inc. Firm Has Customer Complaint

February 3, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 18, 2024.

Client alleges unsuitable recommendations in june 2010 and july 2023.

There are Recent Customer Complaints with Broker Douglas Nelson in Firm LPL Financial LLC

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Douglas Nelson (Nelson), currently associated with LPL Financial LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nelson 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 $160,000.00 on November 21, 2024.

Customer alleges that an investment made was unsuitable for the customer’s investment objectives and risk tolerance. Time frame 2020.

Broker Richard Hubert depalma in Centaurus Financial, Inc. Firm Has Customer Complaint

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Hubert depalma (Hubert depalma), currently associated with Centaurus Financial, Inc., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Hubert depalma 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 $50,000.00 on December 07, 2024.

The customers allege that in april of 2020, the registered representative recommended an unsuitable, high-risk, illiquid investment and breached his fiduciary duty.

There are Recent Customer Complaints with Broker Jonathan Krueger in Firm Larson Financial Securities, LLC

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Krueger (Krueger), currently associated with Larson Financial Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Krueger 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 $217,316.00 on November 06, 2024.

From october 2019 through january 2023, customer alleges inappropriate investment selection in an investment advisory account.

Broker Jean-pierre Gobic in Morgan Stanley Firm Has Customer Complaint

February 3, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 01, 2024.

Claimants alleges violations of reg bi and misrepresentation with respect to alternative investment strategy – 2021 to 2023

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

February 3, 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 6 disclosable events. These events include 6 customer complaints, 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 on November 06, 2024.

As per newbridge securities corporation, breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise, negligence – violation of regulation best interest.

Broker Vincent Camarda in IBN Financial Services, Inc. Firm Has Customer Complaint

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Camarda (Camarda), previously associated with IBN Financial Services, Inc., has at least 16 disclosable events. These events include 16 customer complaints, alleging that Camarda 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 $3,600,000.00 on November 15, 2024.

Claimants allege: breach of fiduciary duty; failure to supervise; negligence and gross negligence; and, misrepresentations and omissions. The alleged activity occurred from december 2019 to february 2023.