Securities Lawyers Blog

Broker Drew Peacock in Ameriprise Financial Services, LLC Firm Has Customer Complaint

December 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Drew Peacock (Peacock), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peacock 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 $45,000.00 on November 11, 2025.

Claimant alleges that in January and February 2023, advisor Peacock recommended she purchase Activision Blizzard bonds with interest rates of 1.35% and 2.5%, and maturities in 2030 and 2050. Claimant further alleges that the bonds were unsuitable, risky, and in significant concentrations in the Claimant\\u2019s portfolio.

There are Recent Customer Complaints with Broker Jason Juhl in Firm Cetera Advisor Networks LLC

December 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Juhl (Juhl), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Juhl 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 $98,620.00 on November 07, 2025.

The client alleges that an unsuitable recommendation was made to surrender his Jackson National Life Insurance Company Annuity resulting in $98,620 of unexpected tax consequences due. The client alleges it was also recommended that he open a line of credit pay the tax consequences and he was previously debt free

Broker Matthew Iacono in Morgan Stanley Firm Has Customer Complaint

December 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 03, 2025.

Claimants alleges violations of Reg BI and Misrepresentation with respect to investment strategy – March 2023 to April 2024

Broker Gaffar Chowdhury in MML Investors Services, LLC Firm Has Customer Complaint

December 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 16, 2025.

The complainant alleges that in 2025, he moved his money to the rep after telling him that he wanted an aggressive investment strategy. He alleges that he was misled, that his money was mismanaged and that he wasn’t told that he would be locked into annuities for 6 years.

Broker Nicholas Langer in LPL Enterprise, LLC Firm Has Customer Complaint

December 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Langer (Langer), currently associated with LPL Enterprise, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Langer 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 $559,055.00 on October 31, 2025.

Customer alleges the registered representative affixed the electronic signature of a contact person to a document without authorization. May 6, 2025.

There are Recent Customer Complaints with Broker Eric Kleiner in Firm Morgan Stanley

December 18, 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 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Kleiner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on October 31, 2025.

Without admitting or denying the findings, Kleiner consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA during an investigation that originated from its review of the Form U5 filed by his member firm. The finding stated that the firm filed the Form U5 stating that it discharged Kleiner due to concerns related to his recommendation of non-firm approved and firm restricted investments to customers, including ones in which he was also invested, failure to fully disclose outside investment, and use of a personal device to engage in unauthorized disclosure of confidential, internal use only firm information.

Broker William Tunink in LPL Financial LLC Firm Has Customer Complaint

December 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Tunink (Tunink), previously associated with LPL Financial LLC, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Tunink 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 $25,000.00 on October 30, 2025.

Advisor borrowed funds from customer for investment opportunity away from the Firm.

Broker John Ledesma in Emerson Equity LLC Firm Has Customer Complaint

December 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 12, 2025.

Violation of Federal Securities Laws; Violations of the California Securities Act; Violation of Ohio Securities Act; Breach of Contract; Common Law Fraud; Breach of Fiduciary Duty; Negligence and Gross Negligence 03/2023

There are Recent Customer Complaints with Broker John Pronovost in Firm Osaic Institutions, INC.

December 18, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 17, 2025.

The Statement of Claim alleges the clients were recommended speculative, high-risk investments despite their request to have a reliable portfolio that would generate some income and preserve capital.

There are Recent Customer Complaints with Broker Michael Biggs in Firm Equitable Advisors, LLC

December 18, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Biggs (Biggs), currently associated with Equitable Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Biggs 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 November 11, 2025.

Client alleges VUL policies sold in 1989 were misrepresented by RR.