Articles Tagged with Osaic Wealth

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Currently financial advisor Robert Crothers (Crothers), currently employed by brokerage firm Osaic Wealth, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements.  The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000.00 on July 19, 2024.

Recommended or purported “high risk private placement” is alleged to be unsyitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Biddle (Biddle), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Biddle 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 $100,000.00 on February 04, 2025.

Registrant is alleged to have made unsuitable investment recommendations. Claimant alleges that losses resulted.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jennifer Scroggins (Scroggins), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Scroggins 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 $5,000.00 on March 06, 2025.

Client alleges that variable annuity was misrepresented at the time of purchase.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marat Likhtenstein (Likhtenstein), previously associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Likhtenstein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Likhtenstein consented to the sanction and to the entry of findings that he refused to provide documents and information and to appear for on-the-record testimony requested by FINRA in connection to to its investigation of comments made on a Form U5 filing by his member firm. The findings stated that Likhtenstein was discharged because he failed to disclose personal loan transactions with a client.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nancy Biddle (Biddle), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Biddle 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 $100,000.00  on August 08, 2024.

Client alleges unsuitable recommendation and sale of alternative investments without informed consent.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Howard Douglas (Douglas), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Douglas 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 $42,000.00  on August 15, 2024.

Per the Equitable Advisors LLC filing, customer alleges unsuitability and inadequate disclosure about risks with respect to a REIT purchased in 2014.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Francis Cockrell (Cockrell), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Cockrell 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 $50,000.00  on August 30, 2024.

Claimant alleges their representative recommended an unsuitable oil and gas program

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brett Straub (Straub), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Straub 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 $300,000.00  on August 29, 2024.

Per Principal Securities, Inc Filing, the claimant alleges unsuitable investment recommendations and misrepresentations relating to the recommendation of a suspense investment account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kirk O’brien (O’brien), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that O’brien 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 $45,000.00 on August 30, 2024.

Claimant alleges their representative recommended an unsuitable Oil and Gas program.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jared Tims (Tims), currently associated with Osaic Wealth, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Tims 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 $50,000.00  on August 30, 2024.

Claimant alleges their representative recommended an unsuitable oil and gas program.

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