Melvin Feldman Faced GMS Group Investor Complaint Regarding Unsuitable Recommendations

Investors potentially experienced sales practice violations by securities broker Melvin Feldman [CRD: 205924, Jersey City, New Jersey], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Melvin Feldman worked for GMS Group beginning on November 2, 1988. Investors are encouraged to continue reading to find out more about the disclosures involving this securities broker.

The GMS Group Investor Accused Feldman Of Unsuitable Advice

Specifically, on November 17, 2025, a The GMS Group LLC client filed a complaint about Melvin Feldman. Mainly, the client alleged that Feldman made unsuitable recommendations and failed to act in the trust’s best interest in connection with certain investments made between September 2021 and October 2025. Because of this, the client allegedly sustained damages associated with municipal bonds and stocks. As a result, the client requested $1,096,590 in compensation from The GMS Group LLC or Feldman.

Melvin Feldman Disclosed Unsuitable Trading, Excessive Trading Allegations By The GMS Group Client

Also, a client of The GMS Group LLC disputed Feldman’s sales practices, according to a complaint dated July 19, 2011. Allegedly, Feldman engaged in unsuitable trading and excessive trading for a period of five years. It appears that Feldman allegedly caused the client to incur damages relating to corporate bonds and municipal bonds. Consequently, the client sought compensation from The GMS Group LLC or Feldman in the amount of $300,000 in this matter. However, the firm denied this complaint.

Have You Made Investments Through Financial Advisor / Securities Broker Feldman?

Are you concerned about investments you made through Melvin Feldman? Contact Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm represents investors on a contingency fee basis and advances all costs. Feldman and brokerage firms Feldman worked for deny allegations of sales practice violations.