DID DOUGLAS YALE FRANK CAUSE YOU INVESTMENT LOSSES?
Douglas Frank Of Wells Fargo Advisors Financial Network, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Douglas Frank of Wells Fargo Advisors Financial Network, LLC?
Douglas Frank (CRD #723283) is currently employed by Wells Fargo Advisors and Wells Fargo Advisors Financial Network in Westlake Village, California, since March 30, 2023. Frank has a comprehensive history in the financial industry, with previous registrations at Merrill Lynch and Banc of America Investment Services, among others. He holds 1 Principal/Supervisory Exam (Series 24), 4 General Industry/Product Exams (including Series 7 and Series 15), and 2 Multi-State Securities Law Exams (Series 63 and Series 65). He is licensed to operate in 20 U.S. states and territories. His career spans several firms and includes significant roles, such as Managing Director-Wealth Management at Merrill Lynch.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Douglas Frank Customer Complaints and Reviews
Douglas Yale Frank has been involved in three customer disputes:
- October 2021 to June 2022: Allegation of unsuitable investment recommendations while at Merrill Lynch, with the complaint denied and closed as of May 2024.
- June 2002: Allegation at Banc of America Investment Services involved misrepresentation of risks associated with mutual funds; the complaint was denied.
- March 2023: Current pending allegation of failure to follow instructions and misrepresentation in the sale of securities while at Merrill Lynch. The case, filed in May 2024, is still pending under FINRA arbitration.
Allegations Against Douglas Frank
Specific allegations against Douglas Yale Frank include:
- Unsuitable Investment Recommendations: Alleged unsuitable advice given to a customer regarding mutual fund investments.
- Misrepresentation of Risks: Allegation that Frank misrepresented the risks associated with mutual fund investments.
- Failure to Follow Instructions and Misrepresentation: Current pending allegation involves a failure to adhere to client instructions and misrepresentation related to the sale of debt securities.
Douglas Frank Red Flags & Your Rights As An Investor
Of course, Douglas Frank 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 Frank at Wells Fargo Advisors Financial Network, LLC on alert to review carefully the activity and performance of their accounts and question whether Douglas Frank has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Advisors Financial Network, 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 Wells Fargo Advisors Financial Network, LLC Due To Douglas Frank
If you have questions about Wells Fargo Advisors Financial Network, LLC and/or Douglas Frank 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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