Financial Advisor Complaints

Ameritas Investment Company, a well-known brokerage firm, made headlines recently—not for stellar investment returns, but for its association with former advisor Anthony Cheng. Based out of San Jose, California, Anthony Cheng spent 11 years in the securities industry, serving clients through firms such as Ameritas Investment Company (doing business as Thrive Wealth Solutions), Pruco Securities, […]

Northwestern Mutual Investment Services, LLC and former advisor Taylor J. Nussbaum recently became the focus of investor attention due to a noteworthy disclosure event reported on the file a FINRA complaint BrokerCheck system. For investors and industry professionals alike, understanding the facts around Taylor Nussbaum’s case provides insight into the importance of compliance, transparency, and

Independence Capital Co., Inc. found itself in the regulatory spotlight due to the actions of its advisor, Stephen Michael Franko, whose conduct recently attracted significant attention from the Financial Industry Regulatory Authority (FINRA). The disciplinary proceeding, formally initiated on November 17, 2025 (case number 2022074289901), focused on allegations that Stephen Michael Franko breached Regulation Best

UBS Financial Services and its Philadelphia-based advisor, Gary Harlap, have recently come under scrutiny as a result of a customer file a FINRA complaint that raises important questions about investment concentration and the enduring risks of unsuitable financial advice. With a long tenure in the securities industry and a high-profile firm behind him, Mr. Harlap’s

Robert W. Baird & Co. Incorporated is currently home to financial advisor Stephen Daniel Allain, a veteran in the securities industry with an otherwise clean record until a recent, high-stakes customer file a FINRA complaint changed the landscape of his professional reputation. The case has profound implications for both investors and financial professionals, centering on

LPL Financial made headlines in December 2025 when it terminated long-time Ventura, California advisor Stephen Wagner (CRD# 2193508). This development not only reverberated through the Southern California financial community, but it also reinforces a crucial lesson for investors nationwide: even experienced and credentialed financial professionals are not immune from lapses in conduct or regulatory trouble.

LifeMark Securities Corp. and its registered advisor, Michael Rodger Pineda (CRD #2337780), have recently come under scrutiny due to a series of serious customer complaints and disclosure events. These cases provide an important reminder of the potential risks investors face when alternative investments are recommended and highlight why proper due diligence and advisor oversight matter.

Berthel Fisher and its Northbrook-based advisor Genevieve Mar have become familiar names to many investors in Illinois—and, for some, not always for the right reasons. With 29 years of experience in the securities industry, Genevieve Mar, CRD# 2744037, has built a career blending respected credentials with a recent track record that raises important questions about

RBC Capital Markets, LLC has recently found itself in the spotlight due to a pending file a FINRA complaint against one of its financial advisors, Edward Albert Schultz III. This situation brings into focus the critical role of financial advisors and the complexities involved in transferring inherited IRA assets. As families manage the emotional aftermath

Cabin Securities and financial advisor Brian Candler have recently found themselves under scrutiny following a pending $3.4 million file a FINRA complaint that raises questions about industry standards, trust, and risk management. Based in Overland Park, Kansas, Mr. Candler is registered as a broker with JCC Capital Markets and Cabin Securities, and as an investment