Securities Lawyers Blog

Broker Kenneth Shotsberger in Equitable Advisors, LLC Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Shotsberger (Shotsberger), previously associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Shotsberger 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 April 24, 2025.

Client alleges RR Shotsberger made misrepresentations in connection with the replacement of a variable life insurance policy in 2019.

There are Recent Customer Complaints with Broker James Haling in Firm Cambridge Investment Research, INC.

May 13, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker James Haling (Haling), previously associated with Cambridge Investment Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Haling concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

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

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

There are Recent Customer Complaints with Broker Benjamin Labadie in Firm J.P. Morgan Securities LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Benjamin Labadie (Labadie), currently associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Labadie 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 $11,000.00 on April 22, 2025.

Customer alleges poor recommendation regarding managed account. Activity dates 11/20/24 – 11/20/24.

There are Recent Customer Complaints with Broker Mikhail Leyon in Firm MML Investors Services, LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mikhail Leyon (Leyon), currently associated with MML Investors Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Leyon 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 $26,000.00 on April 24, 2025.

The complainant states that the rep moved the proceeds from his treasury bonds into the market despite him telling the producer that he didn’t want to incur any risk. States that he has been financially harmed because of this.

Broker David Curry in Arkadios Capital Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Curry (Curry), currently associated with Arkadios Capital, has at least one disclosable event. These events include one customer complaint, alleging that Curry 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 $500,000.00 on April 21, 2025.

Claim Allegation is unsuitable

Broker Eric Kleiner in Morgan Stanley Firm Has Customer Complaint

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kleiner (Kleiner), previously associated with Morgan Stanley, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Kleiner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

Claimant alleged, inter alia, FA recommended outside investment strategy not authorized by the firm – Nov 2020 to March 2025

There are Recent Customer Complaints with Broker Hagop Nalbandian in Firm Vanderbilt Securities, LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Hagop Nalbandian (Nalbandian), currently associated with Vanderbilt Securities, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Nalbandian 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 $2,500,000.00 on April 28, 2025.

Customer alleges that an investment recommendation was unsuitable and misleading.

There are Recent Customer Complaints with Broker Raymond Chow in Firm Wedbush Securities INC.

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Chow (Chow), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Chow 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 $489,825.00 on April 22, 2025.

Per a signed agreement, Client’s account has been managed by a 3rd Party Money Manager since 2017. Client’s specific complaint is @ hedging technique employed by manager initiated in November, 2023 and again in March, 2024. Final hedge position closed in November 2024.

There are Recent Customer Complaints with Broker James Gahagan in Firm LPL Financial LLC

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Gahagan (Gahagan), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gahagan 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 $206,027.31 on April 21, 2025.

THIS MATTER IS BEING REPORTED CONSISTENT WITH FINRA RULES PERTAINING TO THE REPORTING OF CERTAIN WRITTEN CUSTOMER COMPLAINTS. THE COMPANY BY THIS FILING MAKES NO ALLEGATIONS REGARDING THE ACTIONS OF THE REPRESENTATIVE. Customer alleged policy was not suitable for someone his age.

There are Recent Customer Complaints with Broker Kirk Crossen in Firm Raymond James & Associates, INC.

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk Crossen (Crossen), previously associated with Raymond James & Associates, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Crossen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on May 01, 2025.

Respondent Crossen failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.