The short answer is no. It may seem like an easier and quicker way to recover lost money, but the Financial Industry Regulatory Authority (FINRA) and firms do not want financial advisors to be able to avoid reporting your complaint. If their misconduct has cost you money, make sure to recover your funds via official…

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Christopher Roumayeh (CRD #: 4510051), an investment adviser registered with CG Advisory Services, has been suspended by FINRA following allegations of unauthorized business activities, according to his Investor Adviser Public Disclosure record, accessed on March 31, 2021. Roumayeh was a registered broker prior to his suspension, most recently with Merrill Lynch. AWC: Allegations of Unauthorized…

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Lang Nguyen (CRD #: 6526189), a broker registered with Red Oak Capital Management, has consented to FINRA findings that he failed to follow his firm’s policies, according to his Investment Adviser Public Disclosure (IAPD) record, accessed on March 22, 2021. This is not the only disclosure related to his alleged failure to comply with firm…

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Truist Investment Services (CRD #: 17499) is a broker-dealer and a previously registered investment advisory firm that works with SunTrust Bank. SunTrust and Truist Investment Services are based out of Atlanta, Georgia. Truist offers securities, annuities, and life insurance products. This company also does business under the name SunTrust Investment Services. If you have worked…

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Andy Schmitz (CRD #: 1504838), a broker registered with Raymond James Financial Services in Lafayette, Louisiana, was suspended by FINRA, according to his BrokerCheck record, accessed on February 26, 2021. He was suspended over allegations of private securities transactions and outside business activities. This is his second disclosure related to outside business activities – please…

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Scott Reed (CRD #: 3007033), a previously registered broker and investment adviser with Wells Fargo in Scottsdale, Arizona, has been barred by Wells Fargo following FINRA allegations that he participated in outside securities transactions. This is according to his BrokerCheck record, accessed on March 1, 2021. On February 19, 2021, Scott Reed entered into an…

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Ron Paull (CRD #: 2968273), a broker registered with Cambridge Investment Research in Archbald, Pennsylvania, is involved in an investor dispute regarding unsuitable mutual fund investments, according to his BrokerCheck record, accessed on March 1, 2021. On January 27, 2021, investors alleged that Ron Paull recommended mutual funds and alternative investments that were unsuitable for…

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Raymond Menna (CRD #: 1918097), a broker registered with Verity Investments, has entered into a consent agreement with Massachusetts, according to his BrokerCheck record, accessed on February 22, 2021. Raymond Menna also offers financial advisory services through Menna Wealth Planning Group. On January 14, 2021, Raymond Menna entered into a consent agreement with the Massachusetts…

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Jim Kent (CRD #: 2255753), a broker registered with Emerson Equity in Pinellas Park, Florida, has been suspended by FINRA, according to his BrokerCheck record, accessed on February 16, 2021. On February 1, 2021, Jim Kent entered into an Acceptance, Waiver, and Consent agreement (AWC) with FINRA, in which he consented to a 30-day suspension…

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