Financial Advisor Complaints

NYLife Securities and financial advisor Arvind Saxena became entwined in a case that serves as a cautionary tale for both investors and professionals in the financial industry. When the trust between an advisor and their firm falters, the reverberations can affect everyone involved—from the advisor’s career to clients’ confidence in the financial system. When the […]

Independent Financial Group, LLC and one of its former financial advisors, Shimshon Plotkin, offer a cautionary tale about the complexities and pitfalls of real estate investment trust (REIT) recommendations. While REITs are designed to provide regular income and diversified exposure to real estate markets, the case involving Shimshon Plotkin (CRD #2431863) demonstrates the importance of

Ameriprise Financial Services and its advisor, Richard Kersting, have recently come under scrutiny due to a high-profile file a FINRA complaint that has raised questions about suitability and investor protection in the financial advisory industry. Operating out of Naples, Florida, Richard Kersting (CRD# 1835418) faces allegations that highlight the vital importance of verifying your financial

National Financial Services LLC recently terminated one of its registered financial advisors, Samuel Stewart, shedding light on the vital connection between trust and transparency in the financial industry. On December 1, 2025, National Financial Services LLC discharged Samuel Stewart, citing inaccurate reporting of his timesheets—a matter that, on the surface, may appear administrative but carries

Kingswood Capital Partners and financial advisor John Balmer are now in the spotlight after a customer filed a $10 million file a FINRA complaint against Mr. Balmer in December 2025. Based in Irvine, California, Mr. Balmer is registered both as a broker with Kingswood Capital Partners (since 2023) and as an investment advisor with DST

Morgan Stanley Smith Barney and former financial advisor Robert Jason Lankin present a compelling case study regarding the consequences of disregarding industry regulations on outside business activities. Investors naturally expect that their advisors act with full transparency, honesty, and in strict accordance with compliance protocols. However, as illustrated in Robert Lankin’s recent career developments, even

LPL Financial and its affiliated advisor Rick Abbe are at the center of a recent investor file a FINRA complaint that invites investors to examine the delicate intersection of trust, regulation, and accountability in the financial industry. With over four decades of experience, Rick Abbe is a well-established figure in the world of financial advising,

Benjamin F. Edwards & Company recently made headlines when it terminated its relationship with financial advisor Scott Gregory following an investor file a FINRA complaint that highlights why vigilance and transparency are essential in the financial world. Based in Decatur, Illinois, Scott Gregory has been a familiar figure for clients seeking guidance in growing, protecting,

Benjamin F. Edwards & Company recently made headlines when it terminated its relationship with financial advisor Scott Gregory following an investor file a FINRA complaint that highlights why vigilance and transparency are essential in the financial world. Based in Decatur, Illinois, Scott Gregory has been a familiar figure for clients seeking guidance in growing, protecting,

Cetera Financial Specialists LLC and Ameriprise Financial Services, LLC were once the professional homes of Richard Stanislaus Routie, a former financial advisor who is now remembered not for his longevity or expertise in the industry, but rather for a regulatory decision that ended his financial services career. The FINRA BrokerCheck record for Richard Routie (CRD