In a recent development, customers have filed a complaint against Theresa Allen, a broker and investment advisor associated with RBC Capital Markets, LLC (CRD 31194) in California. The allegations, which span from 2017 to April 2023, accuse Allen of providing unsuitable investment recommendations to her clients. The case, which is currently pending, has raised concerns […]

Merrill Lynch financial advisor Marcus Laube (CRD#: 2727972) has been accused of unauthorized liquidation of a client’s money market mutual fund. The alleged incident took place on May 2, 2023, and the customer dispute was filed on January 16, 2024. Laube, who has been with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#: 7691) since

Peter Rhee, a broker and investment advisor associated with Cetera Advisors LLC, is facing allegations of suitability, failure to supervise, and negligence in a pending customer dispute filed on January 16, 2024. The claimant’s allegations revolve around investments in real estate securities, with the damage amount requested undisclosed at this time. According to a recent

Carl Zeidler, a broker previously associated with Hornor, Townsend & Kent, Inc. (CRD 4031) in Pennsylvania from January 3, 1994, to August 7, 1997, is currently facing a pending customer dispute filed on January 16, 2024. The dispute alleges that Zeidler recommended an unsuitable exchange that extended the surrender period of the client’s investment by

In a recent development, a customer has filed a complaint against Carlos Gomez, a registered representative of Allstate Financial Services, LLC (CRD 18272), alleging misconduct in the replacement of a variable annuity with a fixed indexed annuity. The customer claims that Gomez failed to adequately explain the implications of the switch, resulting in the loss