Securities Lawyers Blog

Broker William Obrien in Cetera Advisors LLC Firm Has Customer Complaint

June 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 20, 2023.

Customer alleges the Variable Universal Life insurance policy she purchased in May 1994 was originally understood to provide a guaranteed amount, and also that the premium payment would always remain the same.

Broker John Leonardi in Cetera Advisor Networks LLC Firm Has Customer Complaint

June 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Leonardi (Leonardi), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Leonardi 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 $55,474.00 on June 21, 2023.

Claimant generally alleges breach of contract, breach of fiduciary duty and negligent supervision.

Broker Michael Ecker in Center Street Securities, INC. Firm Has Customer Complaint

June 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on June 20, 2023.

Client alleges that that he was recommended unsuitable alternative investments.

There are Recent Customer Complaints with Broker William Parse in Firm Stifel, Nicolaus & Company, Incorporated

June 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Parse (Parse), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Parse 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 $150,000.00 on June 20, 2023.

Claimants allege violation of the Michigan Uniform Securities Act, negligence, failure to recommend suitable investments, misrepresentation and omission of material facts, breach of fiduciary duty and breach of contract.

Broker Louis No in Nylife Securities LLC Firm Has Customer Complaint

June 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Louis No (No), previously associated with Nylife Securities LLC, has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that No recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 27, 2023.

Respondent No failed to respond to FINRA requests for information.

Broker Charles Lek in Lek Securities Corporation Firm Has Customer Complaint

June 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Charles Lek (Lek), previously associated with Lek Securities Corporation, has at least 3 disclosable events. These events include 3 customer complaints, alleging that Lek 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 $24,000,000.00 on March 15, 2021.

The customer is alleging that the losses it suffered were the result of the restrictions placed upon it by the Firm in its trading and its access to margin during the market volatility that occurred at the onset of the COVID 19 pandemic in February and March 2020.

There are Recent Customer Complaints with Broker Marc Rosenthal in Firm Nylife Securities LLC

June 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Marc Rosenthal (Rosenthal), currently associated with Nylife Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rosenthal 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 $9,500.00 on February 10, 2014.

CUSTOMER ALLEGES THAT HE WAS NOT INFORMED OF THE 10% EARLY WITHDRAWAL PENALTY ASSOCIATED WITH WITHDRAWAL OF FUNDS FROM HIS VARIABLE ANNUITY POLICY IN MARCH AND JULY 2013, WHICH HAS RESULTED IN A TAX LIABILITY.

There are Recent Customer Complaints with Broker Craig Friedrichsen in Firm LPL Enterprise, LLC

June 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Craig Friedrichsen (Friedrichsen), currently associated with LPL Enterprise, LLC, has at least 4 disclosable events. These events include 4 customer complaints, alleging that Friedrichsen 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 $41,500.00 on November 22, 2023.

Claimant alleges that, in September of 2015, the representative failed to disclose the illiquid nature and risks associated with a non-traded real estate investment trust. Claimant further alleges that the recommendation was unsuitable.

Broker Stephen Lucas in Cambridge Investment Research, INC. Firm Has Customer Complaint

June 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on September 30, 2002.

[CUSTOMER’S] COMPLAINT ALLEGES HE PAID SUBSTANTIAL SURRENDER CHARGES TRANSFERRING HIS INVESTMENTS FROM MONY TO PACIFIC LIFE AND BACK AGAIN TO MONY WITH NO APPARENT PURPOSE BENEFICIAL TO HIM ([CUSTOMER])

There are Recent Customer Complaints with Broker Robert Fairchild in Firm Morgan Stanley

June 17, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on July 07, 2001.

CLIENT COMPLAINED THAT ML RECOMMENDED LUCENT WHEN THEY SHOULD NOT HAVE THAT. I WWOULD NOT SELL HIS STOCK WHEN HE WANTED TO.