Securities Lawyers Blog

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

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Rohr (Rohr), previously associated with Wells Fargo Advisors Financial Network, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rohr 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 $12,000.00 on April 23, 2024.

The client alleges that the advice she was provided regarding the rollover of funds from her 457(b) plan to an ira was inaccurate. She claims the rollover is considered a taxable event from a governmental 457(b) plan and led her to lose approximately $12,000 in value on her account.

There are Recent Customer Complaints with Broker Patrick Bortz in Firm Ameriprise Financial Services, LLC

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Bortz (Bortz), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bortz 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 $6,789.00 on April 18, 2024.

The client alleged the advisor provided them with the incorrect taxable income they would receive as beneficiaries of a Jackson National annuity in September 2023, leading them to take a lump sum, as opposed to other available options, causing them unintended tax consequences.

Broker Lillian Henderson in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lillian Henderson (Henderson), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Henderson 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 $600,000.00 on April 22, 2024.

Claimant asserts various claims, including unsuitable recommendations and misrepresentation related to investments in his Edward Jones retirement account.

Broker Ryan Foster in Intercarolina Financial Services, INC. Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Foster (Foster), previously associated with Intercarolina Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Foster 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 $240,000.00 on April 23, 2024.

Allegations that inappropriate investments were performed for the claimant’s account.

There are Recent Customer Complaints with Broker Michael Henshaw in Firm Northwestern Mutual Investment Services, LLC

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Henshaw (Henshaw), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Henshaw 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 22, 2024.

Customer alleges that representative took unauthorized loans from multiple non-variable life insurance policies.

There are Recent Customer Complaints with Broker Yvette Stewart in Firm Ameriprise Financial Services, LLC

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Yvette Stewart (Stewart), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Stewart 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 $21,600.00 on April 22, 2024.

The client alleged the advisor misrepresented add on payment credit provisions for a variable annuity.

Broker Benjamin Bayly in Raymond James & Associates, INC. Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on April 19, 2024.

Customer alleged that advisory fees charged in the accounts were not justified during periods when there were no transactions in the accounts. (1/1/2020-12/31/2022)

Broker Dustin Shafer in Newbridge Securities Corporation Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dustin Shafer (Shafer), previously associated with Newbridge Securities Corporation, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Shafer 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 $50,000.01 on April 22, 2024.

Claimant is alleging unsuitable recommendations and misrepresentation.

Broker Mark Bruscianelli in B. Riley Wealth Management Firm Has Customer Complaint

May 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Bruscianelli (Bruscianelli), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Bruscianelli 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 $260,000.00 on April 22, 2024.

Alleges RR recommended unsuitable investments in client’s retirement accounts.

There are Recent Customer Complaints with Broker George Cairnes in Firm Chelsea Financial Services

May 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on April 18, 2024.

Between May 2015 and April 2023, Respondent personally benefitted from his relationship with a Client as a result of a real estate business arrangement Respondent entered into with the Client. Respondent’s role included identifying real estate investment opportunities, assisting with buying & selling the properties, repairs to properties, collecting rent from tenants of those properties, & handling disputes with neighbors to those properties. The Client provided financing for all the transactions. Notably, Respondent assisted the Client in establishing a line of credit collateralized by the Client’s brokerage accounts to finance certain real estate transactions. Respondent received at least $175,000 from the Client for his role in these activities. Wells Fargo’s written policies prohibited associates from receiving an improper benefit as a result of their position or relationship with a client & engaging in outside activities unless receiving prior approval from Wells Fargo. Respondent did not seek approval or disclose to Wells Fargo the work he was engaged in with the Client’s real estate transactions.