Securities Lawyers Blog

There are Recent Customer Complaints with Broker William Ferrara in Firm Nylife Securities LLC

December 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on March 29, 2022.

Customer alleges that the signature contained on some of his account documentation on file for his policy is not his signature. The policy in question is a Variable Annuity policy that was purchased by the customer in February 2015.

There are Recent Customer Complaints with Broker Andrew Day in Firm Kovack Securities INC.

December 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 28, 2022.

Claimant alleges that his 1031 exchange was unsuitable.

There are Recent Customer Complaints with Broker Bernard Lherisson in Firm A.g.p. / Alliance Global Partners

December 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bernard Lherisson (Lherisson), previously associated with A.g.p. / Alliance Global Partners, has at least one disclosable event. These events include one customer complaint, alleging that Lherisson 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 $100,000.00 on March 25, 2022.

Unsuitable investment, breach of fiduciary duty, failure to supervise during period from 2013 to 2015.

There are Recent Customer Complaints with Broker Rainey Rogers in Firm Kestra Investment Services, LLC

December 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 16, 2023.

The Guardian for the client alleged the additional premiums to the VA contract in 2021 were unsuitable for the client’s age.

Broker Richard Scheffer in Kovack Securities INC. Firm Has Customer Complaint

December 23, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 28, 2022.

Claimants allege unsuitability, overconcentration, and omissions regarding an offshore investment purchased in 2009.

There are Recent Customer Complaints with Broker Kenneth Surber in Firm Edward Jones

December 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Surber (Surber), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Surber 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 $236,000.00 on March 18, 2024.

The Claimants allege the financial advisor did not adjust investments in the trust account to preserve the trust’s principal.

Broker Steven Ford in Cambridge Investment Research, INC. Firm Has Customer Complaint

December 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Ford (Ford), previously associated with Cambridge Investment Research, INC., has at least one disclosable event. These events include one customer complaint, alleging that Ford 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 $26,000.00 on March 25, 2022.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts.

Broker John Steele in Silver Oak Securities, Incorporated Firm Has Customer Complaint

December 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Steele (Steele), previously associated with Silver Oak Securities, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Steele 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 March 29, 2022.

Allegations related to sale of Index Universal Life insurance conducted as an Outside Business Activity in March 2017. “Mr. Steele recommended and provided investment advice to Plaintiff to invest his assets in large, unsuitable, and highly complex product as an investment strategy to generate retirement income.”

Broker Meryl Geissler in Vanguard Marketing Corporation Firm Has Customer Complaint

December 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Meryl Geissler (Geissler), currently associated with Vanguard Marketing Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Geissler 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 $65,000.00 on September 11, 2025.

Client alleged registered representative provided incorrect form to roll over his retirement plan to a new ira resulting in a loss due to funds not being invested as the client instructed.

Broker Steven Lovell in Cetera Investment Services LLC Firm Has Customer Complaint

December 22, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 01, 2025.

Client alleged misrepresentation with respect to 1035 annuity exchange recommended to them in 2023