Articles Tagged with Park Avenue Securities LLC

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maureen Bobilya (Bobilya), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Bobilya recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 20, 2025.

The customer alleges that the premium payments for whole life insurance policies for other policy owners were taken from her bank account without her authorization in April 2023.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Roberson (Roberson), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Roberson 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 February 28, 2025.

Client alleges the RR encouraged him to invest $300,000 in a solar tax credit program called H2, which is not an approved product of the Firm. Client states he lost $191,000 in the investment.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Hecker (Hecker), previously associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hecker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 29, 2024.

Client alleges the RR made certain representations about the death benefit rider on a variable annuity purchased by the client, that turned out to be incorrect.

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

FINRA BrokerCheck shows a settled customer complaint on August 29, 2024.

Client alleges the RR made certain representations about the death benefit rider on a variable annuity purchased by the client, that turned out to be incorrect.

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

FINRA BrokerCheck shows a pending customer complaint on February 12, 2025.

Claimant alleges the liquidation of securities to purchase various fixed life insurance products was unsuitable.

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The law offices of Gana Weinstein LLP are currently investigating claims that Broker Glenn Ngo (Ngo) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Ngo was employed by Park Avenue Securities LLC at the time of the activity.  If you have been a victim of Ngo’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on March 04, 2025.

Without admitting or denying the findings, Ngo consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into whether he had participated in a potential private securities transaction away from his member firm.

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

FINRA BrokerCheck shows a pending customer complaint on September 27, 2024.

Client alleges the purchase of two Brighthouse annuities were misrepresented to allow for annual rate locks when she was recently advised that the annuities allow for one rate lock for the entire term instead of one a year. Client requested to surrender the annuities without the imposition of the CDSC charges.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Andreotta (Andreotta), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Andreotta 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 October 01, 2024.

Claimants allege funds from their securities account were used to pay the premiums on a fixed life insurance policy based on the RRs recommendation. Claimants allege the insurance policy was unsuitable and not represented properly.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Suckey (Suckey), currently associated with Park Avenue Securities LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Suckey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on October 14, 2024.

Client signed an affidavit of forgery alleging the signature on some of the fixed life insurance policy application/documents dated 10/25/21, were forged and not authorized by him.

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

FINRA BrokerCheck shows a settled customer complaint on November 11, 2024.

The customer alleges she was misled when she purchased a variable universal life insurance policy in June 2022 and has requested a full refund.

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