Securities Lawyers Blog

Broker William King in Exemplar Capital, LLC Firm Has Customer Complaint

May 3, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 17, 2024.

Respondent Sequence and its agents, including the Individual Respondents, represented themselves to the Claimants as an expert in investing as well as tax and retirement planning. Respondent touted the benefits of conservation easement investments as a reliable tax saving strategy. Claimants were assured that the conservation easement investments offered the best of both worlds.

Broker John Howle in Usca Securities LLC Firm Has Customer Complaint

May 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Howle (Howle), currently associated with Usca Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Howle 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 $499,999.00 on May 17, 2024.

Claimant makes claims related to the recommendation and performance of specific securities purchased in her accounts from 2017 to 2022 which were selected as part of a broader strategy.

Broker Mark Madden in Valic Financial Advisors, INC. Firm Has Customer Complaint

May 2, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 21, 2024.

Per the NYLife Securities, LLC filing, the Customer alleges he was misled when he purchased a VUL in 2019. He claims it was not set up or designed to meet his specified goals. The Customer has requested to drop the death benefit without incurring surrender charges or any additional fees.

There are Recent Customer Complaints with Broker Sicheng Tao in Firm Fidelity Brokerage Services LLC

May 2, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on May 24, 2024.

Time Frame: September 13th, 2021 to March 16th, 2022 What were the allegations against the individual? The firm settled a matter where the client alleges she was not made aware her money was placed in bond funds and that the risk of the bon fund was never disclosed. The client further alleges the trade was unauthorized.

Broker Jeffery Sanders in Woodmen Financial Services, INC. Firm Has Customer Complaint

May 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffery Sanders (Sanders), previously associated with Woodmen Financial Services, INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Sanders recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on May 23, 2024.

Respondent Sanders failed to respond to FINRA requests for information.

There are Recent Customer Complaints with Broker Richard Barker in Firm Merrill Lynch, Pierce, Fenner & Smith Incorporated

May 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Barker (Barker), currently associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Barker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on May 23, 2024.

Customer alleges unauthorized trading of three mutual funds by Financial Advisor on April 10, 2024 when account was enrolled in a managed platform and automatically rebalanced all holdings within account.

There are Recent Customer Complaints with Broker Justin Mundt in Firm Fbl Marketing Services, LLC

May 2, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on May 21, 2024.

Mr. Mundt was named as one of multiple defendants in a lawsuit generally alleging that the defendants made misrepresentations regarding an investment strategy involving the sale of life insurance policies, in 2017 and various dates thereafter. See Item 24 below for more detail.

There are Recent Customer Complaints with Broker Christopher Tolmacs in Firm Triad Advisors, INC.

May 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Tolmacs (Tolmacs), previously associated with Triad Advisors, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Tolmacs 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 $60,000.00 on May 23, 2024.

Claimant alleges misrepresentation and unsuitable recommendations related to the sale of an alternative investment.

Broker Thomas Grant in Grove Point Investments, LLC Firm Has Customer Complaint

May 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Grant (Grant), currently associated with Grove Point Investments, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Grant 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 $27,745.89 on May 23, 2024.

Client alleges that Financial Professional failed to notify her of the option to exercise an income rider after reaching the age of 70 1/2, causing her to take only minimum distributions rather than the maximum withdrawal amount during the timeframe of January 2017 through December 2022.

Broker Mary Silvers in Cetera Advisors LLC Firm Has Customer Complaint

May 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mary Silvers (Silvers), currently associated with Cetera Advisors LLC, has at least one disclosable event. These events include one customer complaint, alleging that Silvers 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 $33,000.00 on May 22, 2024.

The client alleges unsuitable investment, representatives failed to invest all monies into the market.