Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Wayne Babst (Babst), previously associated with Truist Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Babst recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on April 10, 2025.
In January 2023, a check was deposited to the incorrect account type (Traditional vs Roth) resulting in tax implications for the trustee. The trustee with her tax accountant identified the error in March 2025 and requested a corrected 1099.