Securities Lawyers Blog

There are Recent Customer Complaints with Broker Lance Williamson in Firm Bankers Life Securities, Inc.

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lance Williamson (Williamson), previously associated with Bankers Life Securities, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Williamson 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 $46,419.31 on September 17, 2024.

Bankers Life and Casualty Company (BLC), an affiliate insurance company of Bankers Life Securities, Inc. (BLS) received an affidavit of forgery from a client and provided a copy to BLS on September 17, 2024. The client alleged that their signature on a BLC annuity application from April 2023 was forged. This allegation followed a prior complaint submitted by the same client which alleged misrepresentation regarding the same BLC annuity transaction, and was denied by BLC. BLC was unable to make any conclusive determination as to whether the client’s signatures were forged, however, due to the client’s submission of an affidavit of forgery, BLC allowed the client to surrender the annuity penalty free. The firm is reporting this complaint as it involves a forgery allegation against a former financial representative of the firm, and the BLC annuity was funded by a recommendation to liquidate securities made by a former financial representative of the firm.

There are Recent Customer Complaints with Broker Kevin O’sullivan in Firm Commonwealth Financial Network

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin O’sullivan (O’sullivan), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that O’sullivan 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 $300,000.00 on September 19, 2024.

Claimant alleges the RR recommended an unsuitable Oil & Gas investment.

There are Recent Customer Complaints with Broker Joel Barjenbruch in Firm LPL Enterprise, LLC

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Barjenbruch (Barjenbruch), currently associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Barjenbruch 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 $250,000.00 on September 17, 2024.

Claimants became clients in Jan 2021 and continue to be clients of representative. Claimants allege unsuitable recommendation of product.

Broker Mark Fuhr in Pruco Securities, Llc. Firm Has Customer Complaint

March 19, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 17, 2024.

The complainant alleges that the representative, who she was working with, took money from her accounts in or around November 2007.

Broker April Wilson in Osaic Wealth, Inc. Firm Has Customer Complaint

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker April Wilson (Wilson), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Wilson 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 September 18, 2024.

Per Hornor, Townsend & Kent, LLC filing, claimants allege that HTK financial professional misled Claimant by recommending unsuitable investments and investment strategies in various illiquid alternative investments and thereafter recommending that Claimants hold those investments despite the availability of information concerning the poor prospects of these investments.

Broker Lawrence Greenfield in LPL Financial LLC Firm Has Customer Complaint

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Greenfield (Greenfield), previously associated with LPL Financial LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Greenfield 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 $100,000.01 on September 18, 2024.

Clients allege registered representative recommended an unsuitable investment.

Broker Kenneth Wingerter in Morgan Stanley Firm Has Customer Complaint

March 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Wingerter (Wingerter), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Wingerter 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 $75,000.00 on September 18, 2024.

Time frame: July 2011 to 2023 Allegations: Claimant’s counsel alleges UBS failed to do adequate due diligence on a fund of funds, which counsel alleges was unsuitable for any investor, and as a result all relevant risks were not disclosed to investors.

Broker Peter Barry in Raymond James & Associates, Inc. Firm Has Customer Complaint

March 19, 2025 | by Staff Attorney

Currently financial advisor Peter Barry (Barry), currently employed by brokerage firm Raymond James & Associates, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,428,201.00 on September 17, 2024.

Claimants allege FA invested them in an unsuitable and high-risk portfolio that included alternative investments, micro-cap and small-cap securities, and REITs; improperly held bonds and other fixed-income securities for short periods; improperly concentrated them in certain investments; engaged in poor cash management; improperly recommended a securities-backed line of credit to them; and charged excessive fees and commissions.

There are Recent Customer Complaints with Broker William Baum in Firm Newbridge Securities Corporation

March 19, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on September 18, 2024.

NEGLIGENCE, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, NEGLIGENT SUPERVISION

There are Recent Customer Complaints with Broker Rickey Tiedemann in Firm Berthel, Fisher & Company Financial Services, Inc.

March 19, 2025 | by Staff Attorney

Currently financial advisor Rickey Tiedemann (Tiedemann), currently employed by brokerage firm Berthel, Fisher & Company Financial Services, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $35,000.00 on September 16, 2024.

The client alleges the two investments he purchased in 2013 & 2014 were negligent and improper recommendations that left him exposed to unnecessary investment losses in illiquid investment products and non-traded securities.