FINRA Investigating UBS’s Phillip George Farmer For Unsuitability Phillip George Farmer (CRD#: 2306865, Wilmington, Delaware) was a registered representative of UBS Financial Services Inc. from February 17, 2009 to January 6, 2016. On October 19, 2017, Financial Industry Regulatory Authority (“FINRA”) launched an investigation into Farmer’s sales practices. Phillip George Farmer Suitability Investigation FINRA BrokerCheck […]

Customer Alleges Misrepresentation By Wells Fargo’s Jason Freeman Jason Marc Freeman (CRD#: 2339472, Boca Raton, Florida) has been a registered representative of Wells Fargo Clearing Services, LLC since March 20, 2009. Financial Industry Regulatory Authority (“FINRA”) BrokerCheck discloses that a Wells Fargo customer complained about Freeman’s conduct. Wells Fargo Customer Alleged Misrepresentation The customer filed […]

Wells Fargo’s Robert Meyers Discharged For Unapproved Recommendations Robert David Meyers (CRD#: 1409245, Columbus, Ohio) has been a registered representative of Wells Fargo Clearing Services, LLC from July 23, 2007 to October 17, 2017. Financial Industry Regulatory Authority (“FINRA”) BrokerCheck indicates that Meyers was discharged by Wells Fargo for misconduct. Particularly, Wells Fargo alleged that […]

Complaint Filed Against Park Avenue Securities For Poor Annuity Advice Myles Davis Thurston II (CRD#: 1810907, Maitland, Florida) has been a registered representative of Park Avenue Securities LLC since June 8, 2001. He disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that he is subject of a customer-initiated investment-related complaint dated November 20, 2017. Customer […]

Customers Sue RBC Capital Markets for Unsuitable Municipal Bonds Samuel Kluft Koltun (CRD#: 1739664, West Palm Beach, Florida) was a registered representative of RBC Capital Markets, LLC until his August 8, 2018 termination. He disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his activities have given rise to a customer-initiated investment-related arbitration dated November […]

Wells Fargo’s Charles Sherman Sanctioned By FOFR Christopher Charles Sherman (CRD #: 2233839, Viera, Florida) is a prior Wells Fargo Advisors, LLC registered representative whose registration was terminated on June 18, 2014. The Florida Office of Financial Regulation issued an Order on April 5, 2017 requiring Sherman to cease and desist breaking rules relating to […]

Customer Contends MML Investors Omitted Annuity Fees Andrew Charles Berleth (CRD #1476284, Walnut Creek, California) has been a registered representative of MML Investors Services LLC since November 17, 2003. He disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his activities have given rise to a customer-initiated investment-related written complaint dated June 11, 2018. MML […]

AFinancial Industry Regulatory Authority (FINRA) panel of arbitrators has ordered Trustmont Financial Group Inc. to pay one of their clients more than $1 million in damages. The client had accused Trustmont of breach of fiduciary duty, fraud and negligence relating to two 1035 annuity exchanges and a private real estate investment trusts (REITs). The client […]

Massachusetts regulators have charged StockCross Financial Services and Peter Edward Cunningham (CRD#: 2400211), one of its brokers/investment advisors, with allegedly engaging in improper trading practices. StockCross is also charged with alleged failure to reasonably supervise its agent. The regulators have charged StockCross and Peter Cunningham of Los Angeles, with allegedly recommending their clients, 30% of […]