CETERA ADVISOR NETWORKS LLC Tag Archives

Broker Matthew Stucke in Cetera Advisor Networks LLC Firm Has Customer Complaint

March 26, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Stucke (Stucke), currently associated with Cetera Advisor Networks LLC, has at least 6 disclosable events. These events include 6 customer complaints, alleging that Stucke 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 $488,295.00 on February 21, 2025.

Verbal allegations that the financial professional recommended unsuitable and risky investments resulting in substantial loss.

Broker Brian Graham in Cetera Advisor Networks LLC Firm Has Customer Complaint

March 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Graham (Graham), previously associated with Cetera Advisor Networks LLC, has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Graham recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on September 27, 2024.

Without admitting or denying the findings, Graham consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation of the allegations made in an amended Form U4 submitted by his member firm. The findings stated that the Form U4 disclosed that a customer alleged that Graham made unauthorized ATM withdrawals.

There are Recent Customer Complaints with Broker Kevin Kuhl in Firm Cetera Advisor Networks LLC

March 13, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on October 08, 2024.

Without admitting or denying the findings, Kuhl consented to the sanctions and to the entry of findings that he electronically signed documents on the behalf of customers of his member firm with their permission. The findings stated that the documents signed by Kuhl included Account applications and money movement forms and were required books and records of his member firm. None of the customers complained. Kuhl falsely attested to his firm on compliance questionnaires that he had not signed or affixed another person’s signature on a document. The findings also stated that Kuhl caused his firm to maintain inaccurate books and records.

There are Recent Customer Complaints with Broker Ivanhoe Ffriend in Firm Cetera Advisor Networks LLC

March 12, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on October 14, 2024.

Without admitting or denying the findings, Ffriend consented to the sanctions and to the entry of findings that he caused his member firm to make and preserve inaccurate books and records by mismarking as unsolicited order tickets for equity transactions that he recommended to his customers. The findings stated that because Ffriend recommended the transactions, he should have marked the order tickets as solicited. The findings also stated that Ffriend exercised discretion without written authorization in customer accounts. Ffriend did not first speak to the customer prior to execution on the day of the transactions. Although the customers understood Ffriend was exercising discretion in their accounts, Ffriend did not have prior written authorization to do so from any of the customers. In addition, Ffriend’s firm did not accept the accounts as discretionary.

Broker Brion Harris in Cetera Advisor Networks LLC Firm Has Customer Complaint

March 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brion Harris (Harris), currently associated with Cetera Advisor Networks LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Harris recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

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

Claimants allege unsuitable investment recommendations which resulted in losses.

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.

Broker Brenton Schmidt in Cetera Advisor Networks LLC Firm Has Customer Complaint

February 25, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on November 19, 2024.

Without admitting or denying the findings, Schmidt consented to the sanctions and to the entry of findings that he permitted his business partner to falsify the signatures of 9 customers on 53 account documents. The findings stated that in each of these instances, Schmidt signed his own name on each of the documents after his business partner signed for the customer. The account documents, which included new account applications and money transfer forms, were required books and records of the firm. None of the customers complained and the transactions were authorized. The findings also stated that Schmidt caused his member firm to maintain inaccurate books and records by permitting his business partner to falsify customer signatures.

There are Recent Customer Complaints with Broker Spencer Huggett in Firm Cetera Advisor Networks LLC

February 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Spencer Huggett (Huggett), currently associated with Cetera Advisor Networks LLC, has at least 2 disclosable events. These events include 2 tax liens, alleging that Huggett recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on November 25, 2024.

Mr. Huggett engaged in prohibited conduct by causing his firm to maintain inaccurate books and records. These acts included using his own email address in place of clients’ email addresses and with client permission and authorization electronically signed client documents on behalf of clients inv violation of ARSD 20:08:03:02 and FINRA Rules 2010 and 4511.

Broker David Moore in Cetera Advisor Networks LLC Firm Has Customer Complaint

February 19, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Moore (Moore), previously associated with Cetera Advisor Networks LLC, has at least one disclosable event. These events include one customer complaint, alleging that Moore 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 $1,000,000.00 on December 23, 2024.

CLAIMANT GENERALLY ALLEGES BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, FAILURE TO SUPERVISE AND NEGLIGENCE.

Broker Richard Mccloskey in Cetera Advisor Networks LLC Firm Has Customer Complaint

February 9, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 27, 2023.

Client alleges unsuitable recommendation regarding variable life insurance policy.