Fidelity Brokerage Services LLC Tag Archives

Broker Kevin Toohey in Fidelity Brokerage Services LLC Firm Has Customer Complaint

March 8, 2025 | by Staff Attorney

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

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

Conditional Registration due to Mr. Toohey’s disclosure history.

There are Recent Customer Complaints with Broker Jacob Fournier in Firm Fidelity Brokerage Services LLC

February 27, 2025 | by Staff Attorney

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

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

Without admitting or denying the findings, Fournier consented to the sanctions and to the entry of findings that he borrowed a total of $25,000 in three disbursements from a friend and senior customer. The findings stated that at all relevant times, Fournier’s member firm prohibited its registered representatives from lending to or borrowing from firm customers. Fournier and the customer documented the loan with a promissory note and Fournier has been making partial repayments.

There are Recent Customer Complaints with Broker Jordan Allen in Firm Fidelity Brokerage Services LLC

February 27, 2025 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Jordan Allen (Allen) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Allen was employed by Fidelity Brokerage Services LLC at the time of the activity. If you have been a victim of Allen’s alleged misconduct our firm may be able to assist you in recovering funds.

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

Without admitting or denying the findings, Allen consented to the sanctions and to the entry of findings that he participated in private securities transactions by placing trades in a customer’s account held at another member firm, without providing notice to his member firm. The findings stated that Allen and the customer had a personal relationship, and the customer provided Allen with his log-in credentials to make transactions in the outside account. In total, Allen executed 1,507 trades in the account, including options transactions, totaling $726,585 in gross value. Allen did not receive compensation for the transactions. When the trading came to his firm’s attention, Allen initially misled the firm and stated that he had only been conducting paper trades in the account.

There are Recent Customer Complaints with Broker Eric Stone in Firm Fidelity Brokerage Services LLC

February 21, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Stone (Stone), previously associated with Fidelity Brokerage Services LLC, has at least 3 disclosable events. These events include 2 customer complaints, one tax lien, alleging that Stone 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 $2,705,745.64 on December 13, 2024.

Customer alleges that she loaned money to the former employee and that she has not been repaid. Only $30,000 of claimed damages relate to conduct prior to former employee’s termination.

Broker Simon Hagos in Fidelity Brokerage Services LLC Firm Has Customer Complaint

February 15, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on January 14, 2025.

Without admitting or denying the findings, Hagos consented to the sanctions and to the entry of findings that he failed to obtain written consent from his member firm to maintain an outside securities account at another member firm within 30 days of his association with his firm or at any other time. The findings stated that Hagos submitted annual compliance questionnaires in which he falsely attested that he had disclosed all outside brokerage accounts to his firm.

Broker Pamela Calhoun in Fidelity Brokerage Services LLC Firm Has Customer Complaint

February 11, 2025 | by Staff Attorney

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

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

Claimant alleges their registered representative overconcentrated and recommended unsuitable investment.

Broker Nikko Richardson in Fidelity Brokerage Services LLC Firm Has Customer Complaint

February 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nikko Richardson (Richardson), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Richardson 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 $100,000.00 on August 08, 2023.

Customer alleged that the representative made an unsuitable recommendation to invest in a managed account.

There are Recent Customer Complaints with Broker Stephen Rabinowitz in Firm Fidelity Brokerage Services LLC

February 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint with a damage request of $49,950.00 on March 14, 2024.

Customer alleges receiving incorrect information prior to agreeing to a managed account solution.