DID LINDA ANN DERICKSON CAUSE YOU INVESTMENT LOSSES?
Who is Linda Derickson of Founders Financial Securities LLC?
Linda Derickson (CRD #2335572) , located in Salisbury, Maryland, has been registered in the securities industry since 1993. She is currently employed by Founders Financial Securities LLC in Salisbury, Maryland as a registered broker and financial adviser, and has been registered with this firm since February 8, 2008. Over her career, she has worked with seven different firms, including Jefferson Pilot Securities Corporation and Essex National Securities, Inc. Linda holds registrations in nine U.S. states and territories and is licensed with one self-regulatory organization (SRO). She has passed five securities industry exams: three general industry/product exams and two multi-state securities law exams, such as the Series 7 and Series 65 exams. However, she has not completed any principal or supervisory exams. She also owns and operates Derickson Financial, providing financial planning services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Linda Derickson Customer Complaints and Reviews
Ms. Derickson has one reported disclosure event involving a customer dispute:
- Customer Dispute Filed December 1, 2023
- Complaint: The claimant alleges negligent and improper conduct, breach of contract, breach of fiduciary duty, negligent supervision, and violations of applicable laws and industry rules. The issue pertains to the sale of an illiquid real estate security in a retirement account.
- Alleged Damages: Approximately $500,000, including disgorgement of commissions and fees.
- Arbitration Forum: FINRA Docket/Case #23-03426.
Allegations Against Linda Derickson
The customer dispute highlights serious allegations against Linda Ann Derickson concerning the sale of an illiquid real estate security in a retirement account. The claimant alleges multiple breaches, including negligence and violations of fiduciary duty:
- Negligence and Improper Conduct: The claimant accuse Linda of failing to act in their best interest, resulting in financial losses.
- Breach of Fiduciary Duty: Alleged failure to uphold responsibilities related to fiduciary standards and industry rules.
- Negligent Supervision: Claims suggest potential lapses in oversight, potentially implicating her employer.
- Status: Pending: As of December 2023, the matter remains unresolved. Linda denies all claims and asserts that her actions were appropriate, backed by disclosures signed by the client.
Linda Derickson Red Flags & Your Rights As An Investor
Of course, Linda Derickson 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 Linda Derickson at Founders Financial Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Linda Derickson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Founders Financial 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 Founders Financial Securities LLC Due To Linda Derickson
If you have questions about Founders Financial Securities LLC and/or Linda Derickson 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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