Securities Lawyers Blog

Broker Alexandre Maltez in Merrill Lynch, Pierce, Fenner & Smith Incorporated Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alexandre Maltez (Maltez), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Maltez 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 $120,000.00 on October 30, 2024.

BREACH OF FIDUCIARY DUTY, NEGLIGENCE, AND REG BI

There are Recent Customer Complaints with Broker Victor Torres in Firm Equitable Advisors, LLC

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Victor Torres (Torres), currently associated with Equitable Advisors, LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Torres 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 $150,000.00 on October 30, 2024.

Claimants allege unsuitable recommendations with respect to two variable life insurance policies sold by RR Torres as tax shields.

Broker Thomas Lisk in Realta Equities, Inc. Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Lisk (Lisk), currently associated with Realta Equities, Inc., has at least 10 disclosable events. These events include 10 customer complaints, alleging that Lisk 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 $100,000.00 on October 29, 2024.

The claimants allege unsuitable investments.

Broker William Devine in Ameriprise Financial Services, LLC Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Devine (Devine), previously associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Devine 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 $860,000.00 on October 30, 2024.

Claimant alleges that she was wrongfully recommended she withdraw large sums of money from her inherited IRA account to fund the purchase and construction costs of a home, resulting in substantial unplanned capital gains taxes.

There are Recent Customer Complaints with Broker Brian Adams in Firm Carter, Terry & Company, Inc.

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Adams (Adams), currently associated with Carter, Terry & Company, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Adams 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 $54,000.00 on October 29, 2024.

Customer is dissatisfied with the performance of her investment portfolio and investment strategy over the last 4 years.

Broker Jeffrey Morris in Moloney Securities Co., Inc. Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Morris (Morris), currently associated with Moloney Securities Co., Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Morris 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 $126,000.00 on October 31, 2024.

Suitability/negligence. 2015-2021.

There are Recent Customer Complaints with Broker S Belloso in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker S Belloso (Belloso), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Belloso recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on October 31, 2024.

Customer alleges misrepresentation of interest rate in July 2024.

Broker Mark Pernicano in Nylife Securities LLC Firm Has Customer Complaint

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Pernicano (Pernicano), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pernicano 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 $38,633.25 on October 29, 2024.

The policyowner alleges that the RR did not inform her that she would incur surrender charges from her previous fixed annuity at another firm for the funding of her variable annuity purchased in February 2023 and she is disappointed in the annual yield of her fixed annuities.

There are Recent Customer Complaints with Broker Stephanie Hayes in Firm Commonwealth Financial Network

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephanie Hayes (Hayes), previously associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Hayes 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 $2,009,700.00 on October 31, 2024.

Claimants allege that advisor recommended unsuitable and risky securities in unsuitable concentrations.

There are Recent Customer Complaints with Broker Dean Nowak in Firm Newbridge Securities Corporation

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dean Nowak (Nowak), previously associated with Newbridge Securities Corporation, has at least 5 disclosable events. These events include 5 customer complaints, alleging that Nowak 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 $120,000.00 on October 30, 2024.

BREACH OF FIDUCIARY DUTY, NEGLIGENCE, AND REG BI