Cetera Advisors Clients Take Issue With Securities Broker Dan McPherson's Sales Practices Important information is reported on Financial Industry Regulatory Authority (FINRA) as it relates to securities broker Daniel George McPherson ("Dan McPherson") (CRD#: 4964802, Idaho Falls, Idaho). Specifically, three investors filed disputes about the securities broker, who worked for Cetera Advisors LLC (2012 to […]

Clients Of Triad Advisors Dispute Mark Just's Sales Practices Investor Alert! There are problematic disclosures on the FINRA BrokerCheck report of Mark William Just (CRD#: 1138738, Indianapolis, Indiana). Evidently, Just is a Triad Advisors LLC broker. He also works as a financial advisor for The Just Company. Notably, the securities broker is involved in multiple […]

Tavenner Company Broker Dean Mings Allegedly Sold Bad Annuities Soreide Law Group is investigating possible investor claims about investment losses attributable to the securities business of broker Dean Mings [CRD#: 1197212, Springfield, Ohio]. Supposedly, the broker, who worked for Tavenner Company between 2002 and 2018, reports that the company disaffiliated with him for an outside […]

Soreide Law Group obtained the following information on FINRA’s website under, “Disciplinary and Other FINRA Actions, June 2018.”  Soreide Law Group has handled past cases against Park Avenue Securites. Park Avenue Securities LLC (CRD #46173, New York, New York) was censured, fined $300,000 and required to submit a written certification to FINRA that it has […]

AThe Financial Industry Regulatory Authority Inc. (FINRA) fined Fifth Third Securities $4 million and ordered it to pay approximately $2 million in restitution to their clients.  FINRA stated they fined Fifth Third for "failing to appropriately consider and accurately describe the costs and benefits of variable annuity exchanges." FINRA also stated that this was the […]

Park Avenue Securities, LLC, was fined $300,000.00 and censured by the Financial Industry Regulatory Authority Inc. (FINRA) for its supervision of variable annuity (VA) sales. According to FINRA, from Jan. 1, 2013 through March 3, 2015, Park Avenue Securities allegedly "failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed […]

On April 2, 2018, FREDERICK DAVID HOLLOWAY (CRD#: 248814) was named a respondent in a FINRA complaint alleging that as the sole registered representative and owner of his member firm, Holloway & Associates Inc., he allegedly recommended that his clients exchange one deferred variable annuity contract (VA) for another without having a reasonable basis for […]

On December 6, 2017, Houston-based, NEXT FINANCIAL GROUP, INC. CRD#: 46214, SEC#: 51356 agreed to pay a $750,000 fine to FINRA and were required to retain an independent consultant to conduct a comprehensive review of the adequacy of the firm’s policies, systems and procedures (written and otherwise) and training, as part of settlement for a […]

The Financial Industry Regulatory Authority (FINRA) named eight products it will be monitoring in 2015. These are products which could lead to risks for investors, many of whom do not know enough about the products before investing in them. FINRA feels brokers also need to learn more about these products before they sell them to […]