Securities Lawyers Blog

Thrivent Investment Management Inc. Broker Luke Kloosterman Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Luke Kloosterman (Kloosterman), currently associated with Thrivent Investment Management Inc., has at least one disclosable event. These events include one customer complaint, alleging that Kloosterman 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 $56,742.00 on December 16, 2024.

Client alleged RR did not disclose or explain surrender charges and the length of time they would apply to the VUL contract purchased in May 2022.

Oppenheimer & Co. Inc. Broker Jean Mondestil Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jean Mondestil (Mondestil), currently associated with Oppenheimer & Co. Inc., has at least one disclosable event. These events include one customer complaint, alleging that Mondestil 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 $8,931.00 on November 17, 2024.

Client alleged registered representative’s recommendation of principal protected market-linked CD was not consistent with her investment income objective.

HSBC Securities (USA) Inc. Broker Li Kelly Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Li Kelly (Kelly), previously associated with HSBC Securities (USA) Inc., has at least one disclosable event. These events include one customer complaint, 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 $100,000.00 on December 23, 2024.

Claims loss due to corporate bond investment in which issuer declared bankruptcy, claiming breach of contract, breach of fiduciary duty, vicarious liability. Investments were made in 2019-2020.

Moloney Securities Co., Inc. Broker Joseph Muller Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Muller (Muller), currently associated with Moloney Securities Co., Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Muller 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 $200,000.00 on December 02, 2024.

Suitability/negligence. 2019-2021

Morgan Stanley Broker Noah Alweiss Has Customer Complaint

January 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 26, 2024.

Claimant alleges, inter alia, that the trading and investment strategy executed in the client’s account was unsuitable – 2022-2023

Cutter & Company, Inc. Broker Cynthia Whitman Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cynthia Whitman (Whitman), currently associated with Cutter & Company, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Whitman 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 $15,000.00 on December 05, 2024.

[REDACTED] disputes how the payment for divorce related consulting services provided by Ms Whitman, performed in November 2023, would be handled if/when [REDACTED] were to become a client.

Avantax Investment Services, Inc. Broker Christopher Kirkland Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Kirkland (Kirkland), currently associated with Avantax Investment Services, Inc., has at least 7 disclosable events. These events include 7 customer complaints, alleging that Kirkland 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 investment she purchased were not suitable.

Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker Michael Byrd Has Customer Complaint

January 30, 2025 | by Staff Attorney

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

MML Investors Services, LLC Broker Brian Bradley Has Customer Complaint

January 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Bradley (Bradley), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bradley 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 $43,792.00 on December 11, 2024.

The complainant alleges that the fixed annuity that was sold to her in 2019, which was funded by a securities account, was unsuitable and that she was taken advantage of.

Edward Jones Broker Kenneth Cargill Has Customer Complaint

January 30, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 10, 2024.

Customer alleges the Variable universal Life Insurance policy he purchased in April 2014 was originally understood to be self-sustaining well into his 90’s with an annual premium of $400, however he now understand that the policy may lapse earlier than expected.