Articles Tagged with Osaic Wealth

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jerome Kusey (Kusey), previously associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Kusey 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 $6,816.00 on June 20, 2023.

Former RR, complaint received from new BD; Customer alleges she is due damages related to an exchange from Equitable VA toNSS Certificate. The exchange was unintentional and Equitable refused to reinstate without penalty. Customer paid $6,816 of penaltyand lost interest. Customer is requesting return of the penalty and interest as a result of the RRs oversight.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Finnegan (Finnegan), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Finnegan 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 $50,000.00 on September 09, 2020.

Claimant alleges breach of fiduciary duty and negligent supervision

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Chan (Chan), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Chan 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 $1,521,706.00 on December 18, 2023.

Mr. Chan is named as a respondent where the claimants allege that another registered representative recommended investments that were largely concentrated in illiquid, speculative, low-quality, and high commission non-traded real estate investment trusts and Business Development Companies.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Patrick Tantoco (Tantoco), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Tantoco 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 December 20, 2023.

As stated by Independent Financial Group, LLC, the claimant alleges that investment was not in line with client’s stated objectives and risk tolerance.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brandon Singer (Singer), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Singer 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 $25,000.00 on December 21, 2023.

As stated by Transamerica Financial Advisors, Inc., clients allege funds were mishandled by over concentrating them in an illiquid, high commission product.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Timothy Vanlohuizen (Vanlohuizen), previously associated with Osaic Wealth, INC., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Vanlohuizen 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 $100,001.00 on December 26, 2023.

Claimant alleges unsuitable investments and overconcentration within various managed accounts.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gary Thomas (Thomas), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Thomas 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 $50,000.00 on December 26, 2023.

Unsuitability of an underperforming (due to Covid pandemic impact on commercial office real estate) REIT is alleged

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonna Keller (Keller), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Keller 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 $300,000.00 on January 08, 2024.

As per Signma’s filing, arbitration Statement of Claim alleged misrepresentation and negligence in connection with the investments purchased in 2014. Claimant further alleges the BD supervision of the claimant’s account was inadequate.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Matteoni (Matteoni), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Matteoni 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 January 11, 2024.

The Claimants allege that the financial professional sold them alternative investments that were unsuitable.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Barbaccia (Barbaccia), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Barbaccia 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 $44,000.00 on January 23, 2024.

Claimant alleges the RR recommended an unsuitable REIT investment in 2014.

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