Articles Tagged with Royal Alliance Associates

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Lane (Lane), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lane 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 $350,000.00 on July 20, 2021.

Claimants allege that the representative recommended investments that were unsuitable.

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $6,000.00 on September 30, 2021.

It is alleged that FP solicited a personal loan of $6,000 from Claimant and did not pay back that loan.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Rydell (Rydell), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rydell 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 $250,000.00 on October 14, 2021.

Claimant alleged that Respondents mismanaged his discretionary account by investing in unsuitable securities that underperformed the S&P 500.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Swon (Swon), previously associated with Royal Alliance Associates, INC., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Swon recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on January 30, 2023.

Swon used fraudulent and dishonest practices and demonstrated untrustworthiness by (a) fabricating twelve investment account statements, and (b) misappropriating more than $100,000 from a nonprofit organization.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ernest Collyer (Collyer), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Collyer 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 $100,000.00 on December 31, 2021.

Individual other than, but associated with, customer alleges that representative failed to follow customer’s instructions to change beneficiary on retirement account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ernest Collyer (Collyer), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Collyer 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 $100,000.00 on December 31, 2021.

Individual other than, but associated with, customer alleges that representative failed to follow customer’s instructions to change beneficiary on retirement account.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jerry Brierly (Brierly), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Brierly 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 $5,000.00 on March 07, 2022.

Client alleges that the representative failed to understand the tax ramifications of terminating an annuity resulting in early distribution penalties as well as a sizeable tax liability.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Gooditis (Gooditis), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Gooditis 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 $75,618.48 on July 20, 2022.

Customers alleged that a variable annuity they purchased in March 2022 was not appropriate for them

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Rostykus (Rostykus), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Rostykus 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 $219,127.91 on September 28, 2023.

CUSTOMER ALLEGES THAT SHE TOLD REPRESENTATIVE IN DECEMBER 2022 THAT SHE REQUIRED LIQUIDITY BECAUSE SHE INTENDED TO PURCHASE A HOME IN THE FUTURE. IN JANUARY 2023, REPRESENTATIVE RECOMMENDED AND CUSTOMER AGREED TO INVEST A TOTAL OF $870,000.00 IN TWO PRIVATE PLACEMENT INVESTMENTS. CUSTOMER SIGNED SUBSCRIPTION AGREEMENTS, WHICH DISCLOSED THE RISKS AND NATURE OF THE INVESTMENTS, INCLUDING LACK OF LIQUIDITY. CUSTOMER, HOWEVER, CLAIMS A HEALTH CONDITION AFFECTED HER ABILITY TO MAKE DECISIONS AT THE TIME. WITH RESPECT TO ONE OF THE TWO PRIVATE PLACEMENT INVESTMENTS, A CO-TRUSTEE ALSO REVIEWED AND CONSENTED TO THE INVESTMENT. CUSTOMER ALLEGES $219,127.91 IN LOSSES.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Seidel (Seidel), previously associated with Royal Alliance Associates, INC., has at least one disclosable event. These events include one customer complaint, alleging that Seidel 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 $35,000.00 on October 25, 2023.

Client alleges rep recommended risky, illiquid, complex, and concentrated alternative investments that were unsuitable.

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