Securities Lawyers Blog

Broker William Duffy in Innovation Partners LLC Firm Has Customer Complaint

February 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Duffy (Duffy), previously associated with Innovation Partners LLC, has at least one disclosable event. These events include one customer complaint, alleging that Duffy 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 04, 2025.

Suitability

Broker Jeffrey Arbeit in Farmers Financial Solutions, LLC Firm Has Customer Complaint

February 10, 2026 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Jeffrey Arbeit (Arbeit) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Arbeit was employed by Farmers Financial Solutions, LLC at the time of the activity. If you have been a victim of Arbeit’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $131,000.00 on July 01, 2025.

Beginning sometime in or around 2019, the registered representative engaged in the sale of unsecured, non-registered promissory notes that were neither offered nor approved by Farmers Financial Solutions, LLC (the Firm) to an individual who was not a customer of the Firm. These transactions were conducted without the Firm\\u2019s knowledge or authorization.

There are Recent Customer Complaints with Broker Robert Pecha in Firm Great Point Capital LLC

February 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Pecha (Pecha), currently associated with Great Point Capital LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Pecha 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 $1,117,186.96 on August 18, 2025.

Violation of common law fraud, breach of fiduciary duty, negligent failure to supervise, and negligence

Broker David Geake in American Trust Investment Services, INC. Firm Has Customer Complaint

February 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Geake (Geake), previously associated with American Trust Investment Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Geake 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 $162,000.00 on June 20, 2025.

Claimants [REDACTED] & [REDACTED} and [REDACTED] and [REDACTED] allege that during May through August 2021, David Geake misrepresented the risk of MCloud stock, resulting in losses totaling $162,000. Among the allegations are breach of written contract pursuant to the customer agreements; breach of fiduciary duty of failing to act in Claimants’ best interests, to deal fairly and honestly with the Claimants, to observe fair business practices and equitable principles of trade as embodied in the standards of the securities industry, FINRA Rules, and Respondent’s own internal policies, to make only suitable investments and not to knowingly or negligently make material misrepresentations and omissions to Claimants; failure to supervise by neglecting its duty to properly supervise and control its agents pursuant, but not limited, to Section 20(a) of the 1934 Securities and Exchange Act, FINRA Rule 3111, and Section 342 of the NYSE Rules; negligence and gross negligence; misrepresentations and omissions, violation of FINRA Rules, violation of the federal securities laws, and violation of the Best Interest Obligations (Reg B1).

There are Recent Customer Complaints with Broker Todd Ingwersen in Firm Purshe Kaplan Sterling Investments

February 10, 2026 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on February 13, 2025.

The customer alleges that respondents The Harvest Group Wealth Management, LLC, Roger H. Ingwersen, Laurie Ingwersen and Todd Ingwersen collectively engaged in unsuitable investment practices, misrepresentations, and failed to act on client instructions, resulting in avoidable losses.

There are Recent Customer Complaints with Broker Wayne Babst in Firm Truist Investment Services, INC.

February 10, 2026 | by Staff Attorney

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.

There are Recent Customer Complaints with Broker Kenneth Maring in Firm Morgan Stanley

February 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Maring (Maring), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Maring 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 June 04, 2025.

Brokers are required to adhere to the SEC’s Regulation Best Interest (Reg BI) standard of care under the Securities Exchange Act of 1934 which establishes a ‘best interest’ standard for broker-dealers and associated persons. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts. This standard applies when a registered representative is providing investment advice through making recommendations customers and covers securities transaction, investment strategies, and recommendations concerning advice on opening of an account or accounts.

There are Recent Customer Complaints with Broker Roy Williams in Firm Kcd Financial, INC.

February 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roy Williams (Williams), currently associated with Kcd Financial, INC., has at least one disclosable event. These events include one customer complaint, alleging that Williams 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 July 29, 2025.

Sold an unsuitable product and he misstated the financial condition of the investments.

There are Recent Customer Complaints with Broker Samir Asaf in Firm Finalis Securities LLC

February 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Samir Asaf (Asaf), currently associated with Finalis Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Asaf 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 $79,000.00 on September 23, 2025.

Allegation is that Regent Financial and Samir Asaf did not put best efforts and misled Creation Capital that the capital can be raised. Events include signing of a &#39;best-efforts&#39; engagement agreement signed on Oct 3, 2024. Creation Capital paid Regent a &#39;non-refundable&#39; $50K DD fee. During Oct 2024-Jan 2025, Regent prepared a 170 page CIM, 2 separate institutional grade financial models, reached out to several hundred investors; referred Creation Capital to law farm &#39;Doida Crow&#39; for preparation of the PPM, arranged 4 investor calls which were held. Investors asked for additional information from Creation Capital which they were unable to satisfactorily submit. None of the investors were willing to commit capital after speaking to [REDACTED] and [REDACTED] of Creation Capital. While Regent was continuing its efforts to secure additional investors, Creation Capital terminated the mandate. 6 months after terminating the mandate, they filed with FINRA for $79K in compensation.

There are Recent Customer Complaints with Broker Robert Lybbert in Firm Edward Jones

February 9, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Lybbert (Lybbert), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Lybbert 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 $103,000,000.00 on October 29, 2025.

The Claimants assert multiple causes of action, including breach of fiduciary duty, negligence, negligent misrepresentation, as well as violations of the Investment Advisers Act of 1940, Washington’s Securities Act and Blue-Sky laws, Washington’s Consumer Protection Act (RCW 19.86), unlawful sale of securities (RCW21.20.140), voidable real-property transactions (RCW 19.40). The Claimants further allege fraud, unjust enrichment, breach of contract and vicarious liability.