DID DEREK VAN DER WAL CAUSE YOU INVESTMENT LOSSES?
Derek Van Der Wal Of J.P. Morgan Securities LLC Has A Customer Complaint For Alleged Broker Misconduct
About Derek Van Der Wal of J.P. Morgan Securities LLC?
Derek Van Der Wal (CRD #5830737) has been registered with J.P. Morgan Securities LLC since October 2012. Despite passing 3 General Industry/Product exams and 2 Multi-state Securities Law exams, Van Der Wal’s record is marred by a customer complaint.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Derek Van Der Wal Customer Complaint and Reviews
- Customer Dispute (1 Incident)
- Date of Incident: January 19, 2021
- Allegations: A customer alleged that Derek Van Der Wal recommended unsuitable investments, focusing on mutual funds, leading to alleged damages of $6,046.
- Outcome: The complaint, received on October 25, 2023, was denied on December 5, 2023. Despite the client’s claim of significant financial loss, the firm upheld that the performance of the investments was positive from inception, considering all dividends, which the client refused to acknowledge as part of the performance metrics.
Allegations Against Derek Van Der Wal
- Unsuitable Investment Recommendations: Derek Van Der Wal faced allegations of making unsuitable investment recommendations on a specific date (January 19, 2021). The client reported a direct financial loss attributed to these recommendations, but the firm denied the complaint, stating that the overall investment strategy would have been beneficial if dividends were considered.
Derek Van Der Wal Red Flags & Your Rights As An Investor
Of course, Derek Van Der Wal 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 Derek Van Der Wal at J.P. Morgan Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Derek Van Der Wal has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at J.P. Morgan Securities 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 J.P. Morgan Securities LLC Due To Derek Van Der Wal
If you have questions about J.P. Morgan Securities LLC and/or Derek Van Der Wal 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.
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