Purshe Kaplan Sterling Investments

Broker Salvadore Salvo in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

August 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Salvadore Salvo (Salvo), currently associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Salvo 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 $508,000.00 on July 02, 2025.

Client alleges that the custodian should have transferred all his existing positions in-kind to his new account and that he should have been notified of the positions that did not transfer in-kind sooner. Client alleges that as a result, the advisor team failed their fiduciary responsibilities by not knowing that all of his existing positions May not have been able to be transferred in kind.

Broker Eric Ruthman in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

July 28, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Eric Ruthman (Ruthman), currently employed by Purshe Kaplan Sterling Investments has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Ruthman’s most recent customer complaint alleges that Ruthman recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint on April 23, 2025.

Claimants allege that during the time period December 2020 to November 2021, representative recommended unsuitable investments in structured products and breach of fiduciary duty.

Broker Robert Obraitis in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

July 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Obraitis (Obraitis), currently associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Obraitis 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 April 27, 2025.

Client alleges RR mismanaged their account and participated in market manipulation.

Broker Robert Loeb in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

July 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Loeb (Loeb), currently associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Loeb 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 $1,030,000.00 on April 24, 2025.

Client alleges that the rep breached his fiduciary duty by failing to protect her from being scammed by a third party. The client initiated transactions to sell stock with the rep. \, The client in turn used the proceeds to purchase gold that she then delivered to the 3rd party that was scamming her

There are Recent Customer Complaints with Broker Michael Lickiss in Firm Purshe Kaplan Sterling Investments

July 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lickiss (Lickiss), previously associated with Purshe Kaplan Sterling Investments, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lickiss 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 $350,000.00 on May 15, 2025.

Debt instruments/Fictitious notes

There are Recent Customer Complaints with Broker Milind Dalal in Firm Purshe Kaplan Sterling Investments

July 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Milind Dalal (Dalal), previously associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Dalal 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 $500,000.00 on July 20, 2023.

Plaintiff alleges negligence and breach of fiduciary duty against Milind Dalal and his RIA in relation to outside business investment activity not associated with the RIA.

Broker Marc Davis in Purshe Kaplan Sterling Investments Firm Has Customer Complaint

July 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Davis (Davis), previously associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Davis 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 $1,306,374.00 on July 26, 2023.

Claimant alleges representative recommended they invest in an unsuitable Tenants-In-Common investment in 2007.

There are Recent Customer Complaints with Broker Eric Kiblen in Firm Purshe Kaplan Sterling Investments

July 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Kiblen (Kiblen), currently associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Kiblen 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 August 23, 2023.

Client alleges unsuitable investments, breach of fiduciary duty and negligence regarding the sale of Griffin Capital REIT II and Northstar Healthcare that was effected in 2015.

There are Recent Customer Complaints with Broker Elizabeth Engle in Firm Purshe Kaplan Sterling Investments

July 1, 2025 | by Staff Attorney

Previously financial advisor Elizabeth Engle (Engle), previously employed by brokerage firm Purshe Kaplan Sterling Investments 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 settled customer complaint with a damage request of $45,000.00 on November 03, 2023.

Client alleges unsuitable recommendations by the rep as well as breach of fiduciary duty and negligence in the sale of Cole Office and Industrial REITs.

There are Recent Customer Complaints with Broker James Minich in Firm Purshe Kaplan Sterling Investments

June 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Minich (Minich), previously associated with Purshe Kaplan Sterling Investments, has at least one disclosable event. These events include one customer complaint, alleging that Minich 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 November 24, 2023.

On November 1, 2023 Clients’ son filed a complaint with the NY Attorney General’s Office which Complaint was subseqently re-filed with the NY State Department of Financial Services on April 24, 2024. Clients allege that MinichMacGregor Wealth Management and Principal Jim Minich charged incorrect management fees from 1994-2023 greater than the stated rate of 1%. Clients also allege misleading and misrepresentation of their financial affairs and assert that the brokerage account summaries had performance metrics removed and investment results over any period removed from annual and monthly reports. Clients also allege mismanagement and abandonment of accounts. Clients allege that James Minich started a new annuity in 2004 and then ceased trading in the account in 2015, and removed themselves as advisor in 2017 and the annuity has not had a financial advisor managing the investments for the last 9 years, and was placed as a house account for the last 7 years, despite being listed by MinichMacGregor as one of the accounts they manage. Clients also allege a violation of fiduciary duty and asserted that Jim Minich recommended an annuity for clients when they were 80 years old and assert that the fees associated with new annuities make it an irresponsible choice for 80-year-olds.