Articles Tagged with Mutual Securities

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Sabol (Sabol), currently associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sabol 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 $500,000.00 on December 15, 2020.

Allegations include breach of contract, breach of duty, negligence, misrepresentation and omission, and violations of various FINRA rules and Federal and State laws. The plaintiffs had maintained independently managed accounts with Mutual Securities, Inc.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Julie Cohen (Cohen), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cohen 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 $500,000.00 on December 15, 2020.

Allegations include breach of contract, breach of duty, negligence, misrepresentation and omission, and violations of various FINRA rules and Federal and State laws. The plaintiffs had maintained independently managed accounts with Mutual Securities, Inc.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Mare (Mare), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Mare 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 $85,000.00 on February 16, 2021.

Client alleges that around May 2014, the representative recommended alternative investment products that were misrepresented and unsuitable based on the client’s investment objectives and risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ray Arndt (Arndt), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Arndt 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 $18,500.00 on January 22, 2022.

Claimants allege unsuitable recommendations, material misrepresentation ^ omissions, control person liability & respondent superior, failure to supervise, and violations of FINRA 2020 & IM 2310-2.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ray Arndt (Arndt), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Arndt 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 $18,500.00 on January 22, 2022.

Claimants allege unsuitable recommendations, material misrepresentation ^ omissions, control person liability & respondent superior, failure to supervise, and violations of FINRA 2020 & IM 2310-2.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Vincent Foster (Foster), currently associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Foster 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 $122,497.33 on April 25, 2022.

Client alleges that the strategy used to withdraw funds from client’s annuity has caused client to miss out on specific benefits of the annuity.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Johnson (Johnson), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Johnson 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 $250,000.00 on October 31, 2022.

Plaintiff alleges the following:  fraud, breach of fiduciary duty, unauthorized practice of law, and intentional interference. Summary of events leading to allegations:  In the course of providing advisory services to the client in 2021, the advisor and client discussed the client’s wishes regarding his estate, including transfer-on-death/payable-on-death instructions, beneficiary designations, and the creation of a trust. In the summer of 2021, the client provided updated beneficiary instructions and the advisor forwarded relevant information to an attorney for creation of estate documents to achieve the stated desires of the client. The client died in November 2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gary Gallagher (Gallagher), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gallagher 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 $74,409.00 on November 03, 2022.

Client alleges that RR misrepresented the investment risk and potential loss of principal related to the investment of her pension funds in FS Energy and Power Fund in September 2013.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Lockridge (Lockridge), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lockridge 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 $250,000.00 on October 31, 2022.

Plaintiff alleges the following:  fraud, breach of fiduciary duty, unauthorized practice of law, and intentional interference. Summary of events leading to allegations:  In the course of providing advisory services to the client in 2021, the advisor and client discussed the client’s wishes regarding his estate, including transfer-on-death/payable-on-death instructions, beneficiary designations, and the creation of a trust. In the summer of 2021, the client provided updated beneficiary instructions and the advisor forwarded relevant information to an attorney for creation of estate documents to achieve the stated desires of the client. The client died in November 2021.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jacob Kagele (Kagele), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kagele 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 $909,402.00 on February 15, 2023.

Claimant alleges unsuitable investments in corporate bonds from 2016 to 2021.

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