Securities Lawyers Blog

There are Recent Customer Complaints with Broker Marcio Moraes Marciano Da Rocha in Firm Insigneo Securities, LLC

April 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marcio Moraes Marciano Da Rocha (Moraes Marciano Da Rocha), previously associated with Insigneo Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Moraes Marciano Da Rocha recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a award / judgment customer complaint with a damage request of $4,694,912.00 on July 21, 2020.

Claimant alleges, inter alia, that the recommendation to invest in a risky option strategy was misrepresented and unsuitable for them from November 15, 2019 to March 31, 2020.

Broker Meghan Elliott in PFS Investments INC. Firm Has Customer Complaint

April 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 17, 2020.

Attorney for estate alleged, inter alia, breach of fiduciary duty and conversion of funds from accounts of now deceased client – 2011 to 2015

There are Recent Customer Complaints with Broker Jeremy Shepherd in Firm Reef Securities, INC.

April 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeremy Shepherd (Shepherd), currently associated with Reef Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Shepherd 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 July 20, 2020.

Suitability and Poor performance of the investment

There are Recent Customer Complaints with Broker Desmond Clark in Firm J.w. Cole Financial, INC.

April 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Desmond Clark (Clark), previously associated with J.w. Cole Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Clark 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 $50,000.00 on July 20, 2020.

Claimants allege unsuitable alternative investments. The account was opened in 2014.

There are Recent Customer Complaints with Broker Mark Hebert in Firm Openyield Trading LLC

April 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 20, 2020.

Customer alleged that Mr. Hebert failed to disclose that the Bristol-Myers Squibb bonds sold to it on July 16,2020 were unregistered 144A securities and that the bonds were inconsistent with its portfolio guidelines.

There are Recent Customer Complaints with Broker Nicholas Junta in Firm Northwestern Mutual Investment Services, LLC

April 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Junta (Junta), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Junta 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 July 21, 2020.

Upon the transfer of their assets from external institutions to an advisory platform with the Firm, a client alleged that the representative did not ask her permission, nor did he explain to her that he would rebalance her entire portfolio upon implementation of their advisory account. The client also alleged that the representative did not explain the resulting capital gains tax ramifications of the portfolio implementation and that it was not suitable.

There are Recent Customer Complaints with Broker Diane Hutchings in Firm LPL Financial LLC

April 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 22, 2020.

Customer alleges that in April 2013 through February 2014 representative made investment recommendations in non-traded real estate investment trusts and other high risk investments unsuitable for claimant’s investment objectives.

There are Recent Customer Complaints with Broker Frank Nickey in Firm Ameriprise Financial Services, LLC

April 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 21, 2020.

Claimant alleges that sometime after 2009, FA recommended unsuitable investments in Puerto Rican Bonds and MLP mutual funds.

There are Recent Customer Complaints with Broker Stephanie Brown in Firm Morgan Stanley

April 27, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephanie Brown (Brown), currently associated with Morgan Stanley, 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 settled customer complaint on July 17, 2020.

Attorney for estate alleged, inter alia, that new FA team did not prevent conversion of funds by POA from accounts of now deceased client- 2013 to 2019

Broker Michael Lee in Nylife Securities LLC Firm Has Customer Complaint

April 27, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on July 20, 2020.

Customer alleged that sale of stocks and purchase of two variable annuities in November 2019 was not explained to her. The Firm settled the complaint by reimbursing the surrender charges in the amount of $32,726.72