Securities Lawyers Blog

Broker Gareth Caluducan in W & S Brokerage Services, Inc. Firm Has Customer Complaint

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gareth Caluducan (Caluducan), currently associated with W & S Brokerage Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Caluducan 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 $22,600.00 on December 02, 2024.

Customer alleges that she was put into an unsuitable investment (Equity Indexed Annuity) recommended by the representative in January 2018. She indicates that the money was moved from mutual funds into the annuity and that she lost out on market appreciation over the years that the mutual funds would have provided. She indicated that this money was earmarked for her children’s education and that she was unaware of the 7 year surrender period.

There are Recent Customer Complaints with Broker William Lawes in Firm UBS Financial Services Inc.

February 1, 2025 | by Staff Attorney

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

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

Client’s attorney alleges, inter alia, that investments strategy recommended to the client was not in his best interest 2023 damages unspecified.

Broker Alexander Cooper in Equitable Advisors, LLC Firm Has Customer Complaint

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alexander Cooper (Cooper), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Cooper 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 $5,000.00 on December 12, 2024.

The customer alleges VA sold in 2024 was unsuitable.

Broker Mrunal Patel in RBC Capital Markets, LLC Firm Has Customer Complaint

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mrunal Patel (Patel), currently associated with RBC Capital Markets, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Patel 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 $33,927.71 on December 16, 2024.

Client contends that, in 2024, her Financial Advisor sold shares of Apple Inc. (AAPL) in her brokerage account without prior authorization.

Broker Juan Villalobos in Money Concepts Capital Corp Firm Has Customer Complaint

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Juan Villalobos (Villalobos), previously associated with Money Concepts Capital Corp, has at least 4 disclosable events. These events include 4 customer complaints, alleging that Villalobos 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 $480,000.00 on December 23, 2024.

The client alleges RR mismanaged his accounts and filed a claim for breach of fiduciary duty, breach of contract, and negligence.

There are Recent Customer Complaints with Broker Daryl Powell in Firm Charles Schwab & Co., Inc.

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daryl Powell (Powell), currently associated with Charles Schwab & Co., Inc., has at least one disclosable event. These events include one customer complaint, alleging that Powell 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 Tiffany Lyga in Firm Raymond James Financial Services, Inc.

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tiffany Lyga (Lyga), currently associated with Raymond James Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Lyga 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 $108,676.20 on November 25, 2024.

The client alleged an annuity was not a suitable investment.

Broker Justin Gerow in LPL Financial LLC Firm Has Customer Complaint

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Justin Gerow (Gerow), previously associated with LPL Financial LLC, has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Gerow 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 $36,000.00 on November 27, 2024.

Customer alleged the annuities they purchased in September of 2021 were not suitable, as recommended by Gerow

Broker Anthony Diaz in IBN Financial Services, Inc. Firm Has Customer Complaint

February 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Anthony Diaz (Diaz), previously associated with IBN Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Diaz 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 November 25, 2024.

Claim alleges: breach of fiduciary duty; failure to supervise; negligence and gross negligence; and, misrepresentations and omissions. The alleged activity took place between 2014 and 2016.

There are Recent Customer Complaints with Broker Opher Shallom in Firm Wells Fargo Advisors Financial Network, LLC

February 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 13, 2024.

Client claims Financial Advisor’s recommendation of an outside money manager who employed a covered call options strategy was inappropriate, resulting in losses on the options when the underlying security appreciated substantially. Client seeks reimbursement for losses on the options. (11/8/2021-12/13/0224)