Commonwealth Financial Network Tag Archives

Broker Marvin Vick in Commonwealth Financial Network Firm Has Customer Complaint

April 29, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marvin Vick (Vick), previously associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Vick 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 $86,437.42 on June 30, 2020.

Claimant alleges that starting in January 2015, respondent recommended he purchase shares in an unsuitable limited partnership, Vanguard Natural Resources (“VNR”), which caused him to incur $86,437.42 in taxes and penalties in his ROTH IRA.

There are Recent Customer Complaints with Broker Roberta Nestor in Firm Commonwealth Financial Network

April 24, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roberta Nestor (Nestor), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Nestor 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 $895,000.00 on August 07, 2020.

When your financial advisor is providing advice they must adhere to the SEC’s Regulation Best Interest (Reg BI) rule and standard of care. Reg BI replaced the former “suitability” rule and created a ‘best interest’ standard for brokerage firms and registered representatives. This standard applies when brokers make recommendations to retail customer for any securities transaction or investment strategy involving securities, including recommendations of types of accounts. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts.

There are Recent Customer Complaints with Broker David Omura in Firm Commonwealth Financial Network

April 23, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Omura (Omura), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Omura 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 $72,927.00 on August 13, 2020.

Clients allege that an error which RR acknowledged and agreed to remedy, was, among other things, a violation of Hawaii securities laws.

Broker Peter Yacovone in Commonwealth Financial Network Firm Has Customer Complaint

April 6, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on February 04, 2026.

Financial Advisors providing advice to retail investors are required to adhere to the SEC’s Regulation Best Interest (Reg BI). Reg BI applies a ‘best interest’ standard for broker-dealers and their associated people. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened.

Broker Joseph Leonczyk in Commonwealth Financial Network Firm Has Customer Complaint

March 30, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Leonczyk (Leonczyk), previously associated with Commonwealth Financial Network, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Leonczyk 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 $65,000.00 on September 15, 2020.

Customer alleges puchases of FS Energy and Industrial REIT were unsuitable.

Broker Gregory Jacobson in Commonwealth Financial Network Firm Has Customer Complaint

March 21, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gregory Jacobson (Jacobson), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Jacobson 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 $32,000.00 on November 17, 2020.

Claimant alleges that investment recommendations made in an IRA account were unsuitable, speculative, and high-risk.

Broker Marianna Goldenberg in Commonwealth Financial Network Firm Has Customer Complaint

March 6, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marianna Goldenberg (Goldenberg), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Goldenberg 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 $239,500.00 on November 17, 2025.

Plaintiffs allege that the advisor failed to notify them to elect to exercise an annuity’s GMIB rider before the deadline.

Broker Daniel Wyson in Commonwealth Financial Network Firm Has Customer Complaint

March 2, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Wyson (Wyson), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Wyson 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 $80,000.00 on February 23, 2021.

Customer alleges purchases of various alternative investments were unsuitable.

Broker Gerald Randisi in Commonwealth Financial Network Firm Has Customer Complaint

February 25, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerald Randisi (Randisi), previously associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Randisi 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 $142,000.00 on March 22, 2021.

Customer alleges sales of Franklin Square Investment Corp. and C shares mutual funds were unsuitable.

There are Recent Customer Complaints with Broker Adam Provance in Firm Commonwealth Financial Network

February 15, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Provance (Provance), currently associated with Commonwealth Financial Network, has at least one disclosable event. These events include one customer complaint, alleging that Provance 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 $36,000.00 on May 28, 2021.

Customer alleges that in 2016, her representative recommended she invest in a business development company without adequately informing her of the risks and attributes of the security.