Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Junta (Junta), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Junta 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 $5,000.00 on July 21, 2020.
Upon the transfer of their assets from external institutions to an advisory platform with the Firm, a client alleged that the representative did not ask her permission, nor did he explain to her that he would rebalance her entire portfolio upon implementation of their advisory account. The client also alleged that the representative did not explain the resulting capital gains tax ramifications of the portfolio implementation and that it was not suitable.