Securities Lawyers Blog

There are Recent Customer Complaints with Broker Scott Grove in Firm MML Investors Services, LLC

April 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 11, 2025.

It is alleged by the complainant that in 2018, the producer recommended a complex financial plan including a series of phony investment schemes and tax benefits, which included premium financed life insurance.

Broker Julie Darrah in Mutual Securities, INC. Firm Has Customer Complaint

April 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Julie Darrah (Darrah), previously associated with Mutual Securities, INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Darrah 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 $749,200.00 on March 13, 2025.

Client alleges that the representative sold virtually all of the securities in held in client’s brokerage/investment advisory accounts and\, misappropriated $749,200 from the client.

Broker John Shaffer in Gwn Securities INC. Firm Has Customer Complaint

April 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Shaffer (Shaffer), currently associated with Gwn Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Shaffer 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 March 11, 2025.

Claimant alleges that rep misrepresented the material facts involved with the REIT investment. Claimant also alleges that the rep was negligent in managing claimant’s investment.

There are Recent Customer Complaints with Broker Joyce Hinds in Firm Cambridge Investment Research, INC.

April 12, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Joyce Hinds (Hinds), previously associated with Cambridge Investment Research, INC., has been subject to at least one disclosable event. These events include one customer complaint. Several of those complaints against Hinds concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

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

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

There are Recent Customer Complaints with Broker Gary Schweifel in Firm Morgan Stanley

April 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gary Schweifel (Schweifel), previously associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Schweifel 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 March 10, 2025.

Claimant alleges, inter alia, that the investments strategy executed in the client’s account was unsuitable – June 2021 – Oct 2023

There are Recent Customer Complaints with Broker Kurt Cambier in Firm Cambridge Investment Research, INC.

April 12, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Kurt Cambier (Cambier), currently associated with Cambridge Investment Research, INC., has been subject to at least 3 disclosable events. These events include 3 customer complaints. Several of those complaints against Cambier concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

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

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

There are Recent Customer Complaints with Broker Douglas Buczak in Firm Raymond James Financial Services, INC.

April 12, 2025 | by Staff Attorney

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) broker Douglas Buczak (Buczak), previously associated with Raymond James Financial Services, INC., has been subject to at least 2 disclosable events. These events include 2 customer complaints. Several of those complaints against Buczak concern allegations of high frequency trading activity also referred to as churning or excessive trading among other securities laws violations.

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

Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.

Broker Helen Rothlein in Morgan Stanley Firm Has Customer Complaint

April 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Helen Rothlein (Rothlein), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Rothlein 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 $429,000.00 on March 07, 2025.

Attorney alleges, inter alia, that covered option trading recommended for clients was unsuitable 2019-2023

There are Recent Customer Complaints with Broker David Lam in Firm Ameriprise Financial Services, LLC

April 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on March 25, 2025.

Client alleges that his instructions to sell $200000 worth of his shares of tesla were not followed January 2025.

Broker Joe Gentry in Ameriprise Financial Services, LLC Firm Has Customer Complaint

April 11, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joe Gentry (Gentry), currently associated with Ameriprise Financial Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Gentry 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 $17,896.67 on March 24, 2025.

The client alleged the advisor misrepresented the provisions of a November 2023 variable life insurance replacement.