Financial Advisor Complaints

Sanders Morris LLC, a well-known financial services firm, and its former advisor Stephen Michael Mangold find themselves at the heart of a notable customer dispute, one that underscores the critical relationship between trust and money in today’s investing environment. Stephen Michael Mangold (CRD #2359974), whose extensive career in the securities industry spanned multiple reputable firms, […]

Merrill Lynch and its financial advisor, Justin Bender, have recently come under scrutiny after a serious customer file a FINRA complaint surfaced in early 2026. This event has raised important questions for investors: What happens when a financial advisor faces allegations, and what steps can clients take to protect themselves against potential financial misconduct? When

LPL Financial, operating under the name Abbe Strategic Advisors, is home to veteran San Diego advisor Rick Abbe, CRD# 1366957. With over forty years in the financial services industry and licensure spanning nine states, Rick Abbe has guided clients through decades of changing markets, economic cycles, and regulatory reforms. Yet even for seasoned professionals, the

Rockefeller Financial LLC finds itself in the spotlight as one of its registered financial advisors, Stephen Edward White, faces a serious pending customer file a FINRA complaint. Investors rely on their financial advisors for guidance and protection, hoping that every recommendation considers their best interests above all else. When this trust is challenged, it raises

B. Riley Financial and its two-decade advisor relationship with Brian Kahn—the former CEO of Franchise Group—recently became the focus of serious scrutiny in the financial world. What began as an ordinary partnership between a major broker-dealer and a corporate client soon unraveled into a cautionary tale filled with lessons for investors and industry professionals alike.

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