Fidelity Brokerage Services LLC and one of its registered representatives, Pamela Calhoun, are currently facing allegations of unsuitable investment recommendations and overconcentration in structured products. The customer dispute, filed on January 26, 2024, is currently pending resolution, with the claimant seeking damages from the firm and the advisor. According to the disclosure on Calhoun’s FINRA […]

In a recent development, claimants have brought forth allegations against Billy Aycock and Cabin Securities, Inc. (CRD 137608), a broker-dealer based in Kansas. The customer dispute, filed on January 26, 2024, and currently pending resolution, revolves around the purchases of GWG L Bonds made by the claimants on multiple dates in 2019. The claimants allege

A recent customer dispute filed with the Financial Industry Regulatory Authority (FINRA) has brought to light allegations against Thomas Branchini, a financial advisor associated with Pruco Securities, LLC, a subsidiary of Prudential Financial. The client, whose identity remains confidential, has accused Branchini of negligence and misrepresentation in handling her beneficiary designations. According to the complaint,

Bryan Chew, a broker and investment advisor associated with Commonwealth Financial Network, is facing a pending customer dispute alleging breach of fiduciary duty. The complaint, filed on January 26, 2024, centers around the market loss of a single position in the client’s account, despite the account producing an annual rate of return exceeding 6% for

J.P. Morgan Securities LLC and broker Viktoriia Strange-Vitkovska are currently under investigation by the investment fraud law firm Haselkorn & Thibaut following allegations of forgery and unauthorized purchase of a life insurance policy. The customer dispute, which was settled on January 29, 2024, raises concerns about potential financial advisor malpractice and highlights the importance of