DID DOUGLAS MARK JOHNSON CAUSE YOU INVESTMENT LOSSES?
About Douglas Johnson of LPL Financial LLC?
Douglas Johnson (CRD #2607639) is currently employed and registered with LPL Financial LLC in Winona, MN, since May 4, 2021. He is registered in 8 U.S. states and territories. Douglas has passed two general industry/product exams—the Securities Industry Essentials Examination and the General Securities Representative Examination (Series 7)—as well as two state securities law exams, including the Uniform Investment Adviser Law Examination (Series 65) and the Uniform Securities Agent State Law Examination (Series 63). He has a long-standing history in the financial industry, previously working with Wells Fargo Clearing Services, LLC, and Wells Fargo Investments, LLC.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Douglas Johnson Customer Complaints and Reviews
Douglas M. Johnson has one reported customer dispute, which did not result in action:
- Customer Dispute (Closed – No Action): On January 14, 2015, a customer alleged that Douglas did not inform them that the recommended annuity would rebalance to a more conservative strategy over the years, which they claimed resulted in lost value compared to what it would have been if left in the original allocations. The complaint, received on March 26, 2024, was denied on April 24, 2024, with no action taken.
Allegations Against Douglas Johnson
- Miscommunication of Annuity Terms: The customer claimed that Douglas failed to explain that the annuity would automatically rebalance to a more conservative investment strategy over time, leading to dissatisfaction with the perceived performance of the investment.
Douglas Johnson Red Flags & Your Rights As An Investor
Of course, Douglas Johnson did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Douglas Johnson at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Douglas Johnson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Douglas Johnson
If you have questions about LPL Financial LLC and/or Douglas Johnson and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...