DID DONALD EDWARD WALLACE CAUSE YOU INVESTMENT LOSSES?
Donald Wallace Formerly With D.H. Hill Securities, LLLP Has 3 Customer Complaints For Alleged Broker Misconduct
About Donald Wallace of D.H. Hill Securities, LLLP?
Donald Wallace (CRD #1471984) has a long and varied career in the securities industry but is not currently registered. His professional journey spans multiple firms, with significant stints at D.H. Hill Securities, LLLP, Financial West Group, and Cambridge Investment Research, among others. Wallace has passed 1 principal/supervisory exam, 2 general industry/product exams, and 3 multi-state securities law exams, qualifying him in multiple aspects of securities operations and compliance. His registrations have covered numerous states, reflecting a wide geographic span of professional activity.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Donald Wallace Customer Complaints and Reviews
Donald Wallace’s record includes several disclosures significant for potential investors:
- Customer Disputes (3 reported incidents):
- A dispute filed in April 2024 alleged unsuitable recommendations, negligence, and breach of contract related to debt-asset backed securities, resulting in a settlement of $46,159.23, with Wallace personally contributing $36,927.38.
- Another claim filed in May 2023 accused Wallace of unsuitable recommendations and fraud, leading to a settlement of $300,000, with Wallace personally contributing $240,000.
- A further dispute from 2011 involved allegations including breach of fiduciary duty and negligent misrepresentation, which was settled for $14,999.99, fully contributed by Wallace.
Allegations Against Donald Wallace
- Customer Complaints:
- Allegations of unsuitable investment recommendations and negligence resulting in substantial financial settlements.
- Accusations of breach of fiduciary duty, negligence, and misrepresentation, particularly related to variable annuities, direct partnership interests, and real estate securities.
- Settlements and Financial Contributions:
- Wallace has made significant financial contributions towards settlements in cases alleging professional misconduct, which include settlements made to avoid the costs and distractions of further litigation despite denying wrongdoing.
Donald Wallace Red Flags & Your Rights As An Investor
Of course, Donald Wallace 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 Donald Wallace at D.H. Hill Securities, LLLP on alert to review carefully the activity and performance of their accounts and question whether Donald Wallace has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at D.H. Hill Securities, LLLP also raises questions about the brokerage firms’ 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 D.H. Hill Securities, LLLP Due To Donald Wallace
If you have questions about D.H. Hill Securities, LLLP and/or Donald Wallace 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...