B. Riley Wealth Management

There are Recent Customer Complaints with Broker Michael Clementi in Firm B. Riley Wealth Management

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Clementi (Clementi), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Clementi 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 $152,235.00 on January 02, 2025.

Claimant allegse investment in PLBY was not suitable.

There are Recent Customer Complaints with Broker William Lefkowitz in Firm B. Riley Wealth Management

March 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Lefkowitz (Lefkowitz), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one customer complaint, alleging that Lefkowitz 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 $152,235.00 on January 02, 2025.

Claimant alleges investment in PLBY was not suitable.

Broker Todd Luft in B. Riley Wealth Management Firm Has Customer Complaint

March 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Todd Luft (Luft), previously associated with B. Riley Wealth Management, has at least one disclosable event. These events include one tax lien, alleging that Luft recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 19, 2025.

Respondent Luft failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Broker Robert Mccommon in B. Riley Wealth Management Firm Has Customer Complaint

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Mccommon (Mccommon), currently associated with B. Riley Wealth Management, has at least one disclosable event. These events include one tax lien, alleging that Mccommon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on November 22, 2024.

On B. Riley Wealth Management Inc.’s renewal application to act as an agent pursuant to Section 2103(a) of the Insurance Law, certified on or about March 23, 2021, Respondents failed to disclose that B. Riley Wealth Management Inc. was the subject of a FINRA Acceptance, Waiver & Consent, effective December 30, 2020. The Firm identified this ommission during an internal audit and immediately rectified the oversight; however, the Firm violated its agreement, in a prior 2013 Department Stipulation, that it would take all necessary steps to prevent the recurrence of violations of Section 2110(a)(2) of the Insurance Law.

B. Riley Wealth Management Broker Mark Bruscianelli Has Customer Complaint

January 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial advisor Mark Bruscianelli (Bruscianelli), currently associated with B. Riley Wealth Management, has at least ten disclosable events. These events include ten customer complaints alleging that Bruscianelli recommended unsuitable investments in different investment products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $260,000 on April 22, 2024.

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

Broker Robert Mann Has Suitability Disputes

September 8, 2022 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that broker Robert Allan Mann (Mann), currently employed by B. Riley Wealth Management after the firm acquired National Securities Corporation (NSC) has been subject to at least three customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Mann’s customer complaints alleges that Mann recommended unsuitable investments in various investments including allegations involving debt-corporate securities, mutual funds, real estate securities and common and preferred stock, among other allegations of misconduct relating to the handling of their accounts.

In January 2020, a customer complained that Mann violated the securities laws by alleging that Mann engaged in unsuitable investment advice. The damage amount requested was $175,000. The claim settled in the amount of $57,500.

In October 2014, a customer complained that Mann violated the securities laws by alleging that Mann engaged in unsuitable investment advice, and charged excessive commissions. The damage amount requested was $29,000. The claim settled in the amount of $12,500.

In June 2001, a customer complained that Mann violated the securities laws by alleging that Mann engaged in unsuitable investment advice, misrepresentation, breach of contract, breach of fiduciary duty, unauthorized trading, fraud, inappropriate use of margin, and churning in the customer’s account. The damage amount requested was $185,000. The claim settled in the amount of $61,000.