Structured Product

Broker Thomas Baer in Arkadios Capital Firm Has Customer Complaint

April 21, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Thomas Baer (Baer), currently employed by Arkadios Capital has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Baer’s most recent customer complaint alleges that Baer recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint on July 22, 2024.

Unsuitable products/recommendation:\\u00a0\\u00a0Structured\\u00a0Income Notes

There are Recent Customer Complaints with Broker James Christopher in Firm Allied Millennial Partners, LLC

April 20, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker James Christopher (Christopher), currently employed by Allied Millennial Partners, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Christopher’s most recent customer complaint alleges that Christopher recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint on July 26, 2024.

Customer alleges his advisor recommended investments in structured notes that incurred losses. No time frame alleged.

Broker Kendal Fordham in Raymond James Financial Services, INC. Firm Has Customer Complaint

April 16, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Kendal Fordham (Fordham), previously employed by Raymond James Financial Services, INC. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Fordham’s most recent customer complaint alleges that Fordham recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $50,000.00 on February 20, 2025.

Plaintiff alleges recommendation of unsuitable structured products and overconcentration of same due to losses from Client’s decision to liquidate notes prior to maturity

There are Recent Customer Complaints with Broker Jennifer Kim in Firm Signature Estate Securities, LLC

April 14, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Jennifer Kim (Kim), currently employed by Signature Estate Securities, LLC has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Kim’s most recent customer complaint alleges that Kim recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint on February 27, 2025.

Client(s) claim the investment (Structured Notes) was not adequately explained to them. Signed documentation and client notes indicate adequate disclosure and discussion were made.

There are Recent Customer Complaints with Broker Anthony D’angelo in Firm Fmsbonds, Inc.

April 1, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Anthony D’angelo (D’angelo), currently employed by Fmsbonds, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), D’angelo’s most recent customer complaint alleges that D’angelo recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $25,000.00 on September 24, 2024.

In the wake of the pandemic, customer alleges that he wanted to sell his bond position during their technical default/bankruptcy when there was still a market for them mid 2022. Now 2024 there is no market, and the bonds have not been restructured. Alleges broker did not follow instructions, provided poor information and customer service.

There are Recent Customer Complaints with Broker Mario Payne in Firm Raymond James Financial Services, Inc.

March 27, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Mario Payne (Payne), previously employed by Raymond James Financial Services, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Payne’s most recent customer complaint alleges that Payne recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $4,000,000.00 on February 12, 2025.

Claimants allege FA improperly engaged in a high-risk, illiquid, complex, and unsuitable investment strategy that concentrated them in structured products such as structured notes, and they also allege the products were misrepresented as safe, guaranteed, and insured. Allegation Activity Dates: 5/3/2013 – 2/8/2019.

There are Recent Customer Complaints with Broker John Shen in Firm Ni Advisors

March 23, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker John Shen (Shen), currently employed by Ni Advisors has been subject to at least one disclosable event. These events include one tax lien. According to records kept by The Financial Industry Regulatory Authority (FINRA), Shen’s most recent customer complaint alleges that Shen recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a final customer complaint on September 06, 2024.

Without admitting or denying the findings, Shen consented to the sanctions and to the entry of findings that he used an unapproved social media platform to communicate relating to his securities business. The findings stated that Shen communicated with an unknown number of customers through the social media platform’s text function, including promoting investment seminars, participating in question-and-answer sessions, and providing information relating to structured notes sold through his member firm. Shen did not retain the messages and did not provide copies of them to the firm. In addition, Shen inaccurately reported on two annual compliance questionnaires that all of his electronic communications with prospective customers were through his member firm email address. Furthermore, Shen was individually warned by the firm not to use an unapproved messaging channel to communicate with customers. Shen’s misconduct caused the firm not to capture or maintain these communications, which the firm was required to do.

There are Recent Customer Complaints with Broker Eliab Alonzo in Firm Cetera Advisor Networks LLC

March 3, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Eliab Alonzo (Alonzo), currently employed by Cetera Advisor Networks LLC has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Alonzo’s most recent customer complaint alleges that Alonzo recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $95,000.00 on October 24, 2024.

Client alleges that structured notes purchased in October 2021 were unsuitable and performed poorly.

There are Recent Customer Complaints with Broker Mario Payne in Firm Raymond James Financial Services, Inc.

February 15, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Mario Payne (Payne), previously employed by Raymond James Financial Services, Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Payne’s most recent customer complaint alleges that Payne recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $5,000,000.00 on January 15, 2025.

Claimants allege FA improperly engaged in a high-risk, illiquid, complex, and unsuitable investment strategy that concentrated them in structured products such as structured notes, and they also allege the products were misrepresented as safe, guaranteed, and insured.

There are Recent Customer Complaints with Broker Joao Bastos in Firm Citigroup Global Markets Inc.

February 11, 2025 | by Staff Attorney

The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that Broker Joao Bastos (Bastos), currently employed by Citigroup Global Markets Inc. has been subject to at least one disclosable event. These events include one customer complaint. According to records kept by The Financial Industry Regulatory Authority (FINRA), Bastos’s most recent customer complaint alleges that Bastos recommended unsuitable investments in structured products and makes allegations concerning misconduct relating to the handling of the customer’s accounts.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $885,000.00 on May 08, 2023.

Claimant alleges breaches of fiduciary duty related to recommendations regarding structured products, negligence, fraud, breach of contract, third-party beneficiary breach of contract, violations of federal and state securities statutes, violation of Reg BI and negligent supervision. (March 2020-August 2021)