Articles Tagged with Citigroup Global Markets Inc.

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

FINRA BrokerCheck shows a settled customer complaint on June 01, 2022.

CLIENT STATED THAT FROM THE BEGINNING OF HER ACCOUNT RELATIONSHIP, IT WAS AGREED THAT HER PORTFOLIO WOULD BE CONSERVATIVE, AND HER INVESTMENT OBJECTIVE “INCOME.” CLIENT ALLEGED HER PORTFOLIO IS AGGRESSIVE AND IS CLEARLY OUTSIDE HER AGREED UPON PROFILE, AND THIS CAUSED HER UNACCEPTABLE LOSSES. CLIENT DEMANDED COMPENSATION. OCCURRENCE DATES:  5/15/2015 – 5/21/2022. LOSSES:  UNSPECIFIED.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Crowley (Crowley), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Crowley 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 $100,000,000.00 on July 05, 2022.

Allegations are the CBNA knew of client’s fraudulent conduct but did not timely exit the client.

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The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Rabih Msallem (Msallem), currently employed by Citigroup Global Markets INC. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Msallem’s most recent customer complaint alleges that Msallem recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $2,000,000.00 on December 16, 2022.

Claimants allege lack of suitability and misrepresentation of sales of structured note investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Rigoli (Rigoli), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Rigoli 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 $11,079.88 on June 13, 2023.

TRUSTEE ALLEGED HE PROVIDED INSTRUCTION TO REGISTERED REPRESENTATIVE ON 4/10/2023 TO SELL FOUR MUTUAL FUNDS IN HIS ACCOUNT AND INTENDED TO IMMEDIATELY REINVEST THE PROCEEDS IN A VARIABLE ANNUITY. TRUSTEE CLAIMED THAT THE REGISTERED REPRESENTATIVE TOLD HIM IT WOULD TAKE “A WEEK OR SO” TO PROCESS. TRUSTEE EXPECTED THE TRANSACTIONS TO OCCUR NO LATER THAN 4/24/2023, BUT ALLEGED THAT THE FUNDS WERE NOT SOLD, AND THE PROCEEDS WERE NOT REINVESTED, FOR NEARLY TWO MONTHS. TRUSTEE CLAIMS LOSSES DUE TO THE DELAY AND DEMANDS COMPENSATION. OCCURRENCE DATES:  4/24/2023 – 6/1/2023. ALLEGED LOSSES:  $11,079.88.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Work (Work), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Work 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 $150,000.00 on June 13, 2023.

Claimant asserts that in March 2021 he sold shares of an equity short with assurance by CGMI through financial advisor, Steven Work, that the margin requirement would be 50% but a margin call several days after the trade was placed was executed at 100% of Claimant’s position, resulting losses in excess of $150,000 after denying time to effect a cash cover to avoid the margin call.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Churchill (Churchill), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Churchill 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 $113,405.00 on June 14, 2023.

Claimant alleges breaches of fiduciary duties related to recommendations regarding mutual funds and an annuity, failure to provide suitable recommendations, negligence, and failure to supervise an employee. (January 2016-March 2023).

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

FINRA BrokerCheck shows a settled customer complaint on August 03, 2023.

Client alleged unauthorized trading pertaining to securities sales on May 9, 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Bryan Mcdavid (Mcdavid), currently associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Mcdavid 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 $4,500,000.00 on October 03, 2023.

During an unspecified time, Claimants alleges their Financial Advisors (FAs) made unsuitable investments causing Claimant to incur unnecessary losses.

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The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Jorge Menendez (Menendez), currently employed by Citigroup Global Markets INC. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Menendez’s most recent customer complaint alleges that Menendez recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $800,000.00 on December 11, 2023.

Claimants alleges that in 2021, Financial Advisor, Jorge Menendez over-concentrated claimants’ portfolio of esoteric Auto-callable Structured Notes.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Redler (Redler), previously associated with Citigroup Global Markets INC., has at least one disclosable event. These events include one customer complaint, alleging that Redler 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 $5,000,000.00 on March 15, 2024.

Client alleges high risk and unsuitable recommendations.

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