Securities Lawyers Blog

There are Recent Customer Complaints with Broker William Carlton in Firm Cetera Advisors LLC

May 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Carlton (Carlton), previously associated with Cetera Advisors LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Carlton recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on March 25, 2025.

Claimants allege they incurred high margin balances and account losses as a result of their investment advisor’s day-trading strategy. Claimants also allege misrepresentation, negligence, breach of contract, and breach of fiduciary duty.

There are Recent Customer Complaints with Broker Peter Dorn in Firm Cape Securities INC.

May 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Dorn (Dorn), currently associated with Cape Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Dorn 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 $170,000.00 on March 21, 2025.

The Claimants, [REDACTED] and KM Partnership, allege that between December 1, 2017 and December 1, 2020, they invested in GWG Holdings, Inc. (‘GWG’) L Bonds at the recommendation of Peter Dorn, a registered representative at Cape Securities. During that time, the Claimants purchased a total of $170,000 worth of L Bonds, consisting of: (1) a $20,000 L Bond issued on December 1, 2017, maturing on November 30, 2024; (2) two $25,000 L Bonds issued on September 1, 2019, one maturing on August 31, 2024 and the other maturing on August 31, 2026; (3) two $50,000 L Bonds, one maturing on November 25, 2025 and\<char_lb_r>\, the other maturing on November 30, 2025. GWG filed for bankruptcy on April 20, 2022. The Claimants allege that because of Dorn’s recommendation, they were damaged.

Broker Jerry Mcewen in Wells Fargo Advisors Financial Network, LLC Firm Has Customer Complaint

May 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 24, 2025.

Client complained they were unaware that a 1035 exchange recommended by their Financial Advisor would be subject to tax liability, and seeks reimbursement of taxes. 8/4/2014-3/24/2025)

Broker Matthew Sanders in Vanguard Marketing Corporation Firm Has Customer Complaint

May 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 28, 2025.

The client alleged that the advisor sold shares of a security without her approval, which caused a large capital gains tax to be realized. Activity date was December 24, 2024.

There are Recent Customer Complaints with Broker Brian Culver in Firm Cambridge Investment Research, INC.

May 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 31, 2025.

Client alleges RR reallocated the annuity without notice, authorization or consultation.

Broker Jeremy Benson in Nylife Securities LLC Firm Has Customer Complaint

May 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Benson (Benson), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Benson 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 $65,000.00 on March 31, 2025.

Customers allege that the former RR failed to repay loans in the amount of $40,000 and $25,000 borrowed in September 2022.

Broker Roger Nelson in Wells Fargo Clearing Services, LLC Firm Has Customer Complaint

May 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roger Nelson (Nelson), currently associated with Wells Fargo Clearing Services, LLC, has at least one disclosable event. These events include one customer complaint, 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 on March 31, 2025.

The client complains that the Financial Advisor did not explain that their investment in a Market Linked Certificate of Deposit could fluctuate in value prior to maturity date. (2/27/25-3/31/25)

There are Recent Customer Complaints with Broker Joseph Barnas in Firm Osaic Wealth, INC.

May 17, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Joseph Barnas (Barnas), currently employed by Osaic Wealth, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Barnas’s most recent customer complaint alleges that Barnas recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $80,000.00 on March 26, 2025.

The Claimants allege that RR recommended unsuitable structured note investments

Broker Eric Kubiak in Ameriprise Financial Services, LLC Firm Has Customer Complaint

May 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kubiak (Kubiak), previously associated with Ameriprise Financial Services, LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Kubiak 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 $6,075,978.00 on March 28, 2025.

Claimant alleges she was recommended unsuitable annuities, insurance products and Illiquid real estate investments.

There are Recent Customer Complaints with Broker Daniel Polansky in Firm Osaic Wealth, INC.

May 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Polansky (Polansky), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Polansky 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 March 27, 2025.

Customers allege financial professional mismanaged portfolio causing a substantial reduction in its value. Customer further alleges that financial professional failed to follow trading instructions, charged excessive advisory fees, and made poor recommendations in various products, including collateralized non-purpose loans and treasuries.