St. Bernard Financial Services Tag Archives

There are Recent Customer Complaints with Broker Thomas Moore in Firm St. Bernard Financial Services, INC.

January 31, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Moore (Moore), currently associated with St. Bernard Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Moore 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 $29,000.00 on July 22, 2021.

A customer was the owner and beneficiary of a variable annuity with a value of about $29,000. The customer wrote to the annuity carrier in Feb of 2020 and asked to cash out the annuity. Mr. Moore was unaware of this and did not assist in the surrender request. The annuity company honored the surrender request and sent a check. Fifteen months later, in May of 2021, an attorney writes to tell Mr. Moore that the Conservator, not the customer, but an unknown person, had a conservatorship on the customer and wants the money replaced. On July 8, 2021 The attorney filed suit in New London, CT court against Moore.

Broker Louis Scherschel in St. Bernard Financial Services, INC. Firm Has Customer Complaint

January 18, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Louis Scherschel (Scherschel), previously associated with St. Bernard Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Scherschel 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 $64,000.00 on November 08, 2021.

Client opened account in 2016 and transferred out in 2021. She stated that she was a speculative investor and wanted to take risks. Over the course of time the account lost $8341. She wants up to $100,000 for what she states is what the account should have done.

There are Recent Customer Complaints with Broker Michael Delao in Firm St. Bernard Financial Services, Inc.

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Delao (Delao), currently associated with St. Bernard Financial Services, Inc., has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Delao 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 $8,613.87 on August 08, 2024.

Stock went down in value

Broker Adam Brown in St. Bernard Financial Services, Inc. Firm Has Customer Complaint

February 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Adam Brown (Brown), currently associated with St. Bernard Financial Services, Inc., has at least one disclosable event. These events include one customer complaint, alleging that Brown 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 January 29, 2025.

Claiment wanted to double his money in a short time and agreed to take a risky investment strategy. Large losses occurred . Account was opened in December of 2021 and closed in early 2024

Broker Investigation: St. Bernard Financial Broker Joseph Miles

October 19, 2015 | by Staff Attorney

According to the BrokerCheck records kept by Financial Industry Regulatory Authority (FINRA) broker Joseph Miles (Miles) has been the subject of at least 3 customer complaints, 3 judgements or liens, and one bankruptcy discharge. Customers have filed complaints against Miles alleging securities law violations including poor investment performance, unsuitable investments, securities fraud, and breach of fiduciary duty among other claims. Most of the claims against Miles relate to bonds or other debt obligations that caused losses. For instance, the latest complaint alleged damages of $169,865 as a result of bonds that lost value in 2013. In addition, Miles has had difficulty managing his own finances having been through a bankruptcy in 2005. Thereafter, Miles has had three judgments filed against him for taxes in the amounts of $5,499, $27,241, and $7,900.

Miles entered the securities industry in 1983. Since May 2004, Miles has been associated with St. Bernard Financial Services, Inc. out of the Russellville, Arizona office location.

All advisers have a fundamental responsibility to deal fairly with investors including making suitable investment recommendations. In order to make suitable recommendations the broker must have a reasonable basis for recommending the product or security based upon the broker’s investigation of the investments properties including its benefits, risks, tax consequences, and other relevant factors. In addition, the broker must also understand the customer’s specific investment objectives to determine whether or not the specific product or security being recommended is appropriate for the customer based upon their needs.