PFS Investments Inc.

There are Recent Customer Complaints with Broker Brett Wooten in Firm PFS Investments Inc.

April 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brett Wooten (Wooten), currently associated with PFS Investments Inc., has at least one disclosable event. These events include one customer complaint, alleging that Wooten 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 $365,000.00 on August 20, 2024.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts. Reg BI is drawn from fiduciary principles that include an obligation to act in the retail investor’s best interest and the broker is prohibited from placing their own interests ahead of the investor’s interest.

Broker Ishmael Williams in PFS Investments Inc. Firm Has Customer Complaint

March 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on February 21, 2025.

Williams was named a respondent in a FINRA complaint alleging that he falsely certified to the State of New York that he completed his continuing education (CE) requirements when, in fact, another individual did so on his behalf. The complaint alleges that Williams provided false and misleading responses and testimony to FINRA when he stated that he had personally completed the CE courses and associated exams. The complaint also alleges that Williams failed to provide information and documents requested by FINRA. Williams’ failure to respond to the requests was material to FINRA’s investigation and significantly impeded the completion of FINRA’s investigation into his misconduct.

There are Recent Customer Complaints with Broker Ashley Upson in Firm PFS Investments Inc.

February 7, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 21, 2023.

CLIENT ALLEGES THAT I MISREPRESENTED THE FEATURES OF HIS VARIABLE ANNUITY CONTRACT

Broker Galen Williams in PFS Investments Inc. Firm Has Customer Complaint

February 4, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Galen Williams (Williams), currently associated with PFS Investments Inc., has at least one disclosable event. These events include one customer complaint, alleging that Williams 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 $13,000.00 on December 14, 2024.

The customer alleges the rr made a poor recommendation due to perceived poor performance of a mutual fund.