DID DOUGLAS DUANE NELSON CAUSE YOU INVESTMENT LOSSES?
About Douglas Nelson of LPL Financial LLC?
Douglas Nelson (CRD #4609776) is currently registered a broker and investment advisor with LPL Financial LLC in Pahrump, Nevada since May 2023. Throughout his career, Nelson has been associated with several firms, including M Stevens Wealth Advisors, LLC, Kingswood Capital Partners, LLC, and Chalice Wealth Advisors, among others. He has passed two general industry/product exams and one multi-state securities law exam. Nelson is registered with one Self-Regulatory Organization (SRO) and licensed in nine U.S. states and territories. His background reflects a diverse range of experiences across various financial institutions.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Douglas Nelson Customer Complaints and Reviews
Douglas Nelson has one disclosed customer dispute:
- Customer Dispute (Pending as of January 2024): A complaint was filed against Nelson while he was with Kingswood Capital Partners, LLC. The claimants are seeking $250,000 in damages due to alleged unsuitable and misleading investment recommendations related to GWG Holding Inc.’s L Bonds. The complaint argues that these recommendations were inconsistent with regulatory standards, including FINRA’s suitability rule and SEC’s Regulation Best Interest.
Allegations Against Douglas Nelson
- Regulation Best Interest and Suitability Violations: The pending arbitration claims that Nelson made unsuitable investment recommendations that failed to adhere to the standard of care required under FINRA and SEC regulations. The specific allegations involve a lack of due diligence and misleading guidance on investments in GWG L Bonds, which purportedly led to significant financial losses for the clients involved.
Douglas Nelson Red Flags & Your Rights As An Investor
Of course, Douglas Nelson 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 Nelson at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Douglas Nelson 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 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 Douglas Nelson
If you have questions about LPL Financial LLC and/or Douglas Nelson 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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