John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker Mark David Wolpert [CRD: 2692529, Plymouth, Minnesota]. Wolpert joined MSI Financial Services Inc. on March 25, 2017. He also previously worked for MetLife Securities. Recently, a client initiated a complaint about Wolpert, accusing him of making sales practice violations relating to REITs and variable annuities. Keep reading to learn more about disputes involving Wolpert.
On December 19, 2023, a client of MSI Financial Services filed FINRA Arbitration No. 23-03577, accusing Mark Wolpert of making unsuitable investment recommendations and misrepresenting information about real estate securities and variable annuities. Evidently, this client received $30,000 in damages.
On July 1, 2019, the State of Minnesota Department of Commerce ordered Mark Wolpert to cease and desist from violating state law. The Department alleged that Wolpert made inaccurate statements about a life insurance policy and provided unsuitable recommendations. Case No. 55986/GAM.
Wolpert was referenced in another complaint filed on January 17, 2019. A client alleged that Wolpert pressured her into exchanging an existing life insurance policy. The client asked for $60,000 in damages, but this claim was denied, and no compensation was awarded.
On June 7, 2013, a client of MSI Financial Services settled a complaint for $51,197.06 in damages. The complaint accused Wolpert of making nondisclosures regarding the loss of supplemental riders in a variable annuity.
Another client made a complaint on January 15, 2010, accusing Wolpert of making unsuitable recommendations in stocks and exchange-traded funds. The client asked for damages, but the firm denied the claim.
On October 6, 2009, a client of MetLife Securities filed a complaint about Wolpert, accusing him of engaging in unsuitable trading in stocks. The client asked for compensatory damages. However, MetLife Securities denied the claim, and no compensation was awarded.
For more information, contact Soreide Law Group online or call (888) 760-6552 to speak with a securities attorney. Wolpert and the brokerage firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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