Securities Lawyers Blog

There are Recent Customer Complaints with Broker Arkady Milgram in Firm MML Investors Services, LLC

February 2, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 12, 2024.

The complainant alleges that the Variable Annuity she purchased from the registered representative in/and around June 3, 2014, was unsuitable for her, as it was illiquid, expensive and low performing. The complainant also alleges that Whole Life policies she purchased in/and around December 2008 and August 2010, which were marketed and sold as retirement investments, were misrepresented and unsuitable, given the annual premium costs. The complainant also alleges that the Firm had a fiduciary duty to review the transactions.

There are Recent Customer Complaints with Broker Peter Po in Firm Emerson Equity LLC

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Po (Po), currently associated with Emerson Equity LLC, has at least 12 disclosable events. These events include 12 customer complaints, alleging that Po 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 $400,000.00 on November 27, 2024.

Breach of contract, breach of fiduciary duty, negligence and gross negligence, violation of Best Interest obligation in connection with corporate bonds purchased during 2019-2020.

There are Recent Customer Complaints with Broker Samuel Butterworth in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Samuel Butterworth (Butterworth), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Butterworth 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 December 18, 2024.

The customers allege unsuitable investment recommendations and misrepresentations.

Broker T Thompson in Truist Investment Services, Inc. Firm Has Customer Complaint

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker T Thompson (Thompson), previously associated with Truist Investment Services, Inc., has at least 17 disclosable events. These events include 17 customer complaints, alleging that Thompson 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 $75,290.25 on November 12, 2024.

Client alleges FA’s investment advice resulted in losses and poor account performance from August 2021 to March 2023.

There are Recent Customer Complaints with Broker Kevin Kelly in Firm Avantax Investment Services, Inc.

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Kelly (Kelly), currently associated with Avantax Investment Services, Inc., has at least 8 disclosable events. These events include 8 customer complaints, alleging that Kelly 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 $750,000.00 on December 11, 2024.

Customer alleged the investments she purchased were not suitable.

There are Recent Customer Complaints with Broker Rajesh Jyotishi in Firm Dempsey Lord Smith, LLC

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Rajesh Jyotishi (Jyotishi), currently associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Jyotishi 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.

Unsuitability, misrepresenting investments and breach of fiduciary duty

Broker James Chin in UBS Financial Services Inc. Firm Has Customer Complaint

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Chin (Chin), previously associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Chin 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 November 01, 2024.

Time frame: 2008 and 2022, Claimants allege that account used to collateralize a line of credit was unsuitably allocated in equities. Claimants further allege that the overall investment strategy was not in their “Best Interest”.

There are Recent Customer Complaints with Broker Duvan Brock in Firm Dempsey Lord Smith, LLC

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Duvan Brock (Brock), currently associated with Dempsey Lord Smith, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brock 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 $45,000.00 on December 26, 2024.

Customer alleges improper sales practice of an unsolicited trade that they brought to and sought out RR to buy.

Broker John Kersey in Northwestern Mutual Investment Services, LLC Firm Has Customer Complaint

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kersey (Kersey), previously associated with Northwestern Mutual Investment Services, LLC, has at least 14 disclosable events. These events include 13 customer complaints, one tax lien, alleging that Kersey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on November 04, 2024.

The customer alleges that from March 2017 to July 2022, they wrote personal checks payable to the Representative and that the Representative misled the customer to believe that this money was deposited into a Northwestern Mutual account for the customer’s benefit. The customer also alleges that in 2011 and 2012 they wrote personal checks to a trust of which the customer was led to believe that the Representative was trustee of, and that the money paid to the trust was being invested on the customer’s behalf in a Northwestern Mutual account. The Firm has no record of these transactions.

There are Recent Customer Complaints with Broker Sanjay Mathur in Firm RBC Capital Markets, LLC

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sanjay Mathur (Mathur), currently associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mathur 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.

Client complains that Financial Advisor recommended investments in a high risk foreign security despite client’s age and retirement timeline. (10/15/2015-3/20/2024)