DID DAMON MERRILL MAPES CAUSE YOU INVESTMENT LOSSES?
Damon Mapes Of LPL Financial LLC And Formerly With Cetera Investment Services LLC Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Damon Mapes of LPL Financial LLC?
Damon Mapes (CRD #4011748) who is currently registered as a broker and investment adviser with LPL Financial LLC and located in Hillsboro, Oregon, is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Damon Mapes was associated with Cetera Investment Services LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Damon Mapes Customer Complaints
Damon Mapes has been the subject of 2 customer complaints that we know about seeking to recover investment losses. One customer complaint was settled by Merrill Lynch Pierce, Fenner and Smith for Damon Mapes alleged misconduct in favor of the investor. The other customer complaint was recently filed against Cetera Investment Services for the advisors alleged misconduct and is still pending.
Allegations Against Damon Mapes
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Overconcentration, the customer’s account in alternative investments.
- Unsuitable recommendations to invest in alternative investments.
- Investments in mutual funds were not suitable for the customer.
Damon Mapes Red Flags & Your Rights As An Investor
Of course, Damon Mapes 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 Damon Mapes at LPL Financial LLC and Cetera Investment Services LLC on alert to review carefully the activity and performance of their accounts and question whether Damon Mapes has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC and Cetera Investment Services LLC 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 LPL Financial LLC Due To Damon Mapes
If you have questions about LPL Financial LLC, Cetera Investment Services LLC and/or Damon Mapes 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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