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Donald Paul Waage formerly with Capital Financial Services, Inc. Has 4 Customer Complaints for Alleged Broker Misconduct in the Past 2 Years

Who is Donald P. Waage formerly with Capital Financial Services, Inc.?

Donald Waage (CRD #1509320) who was formerly registered with Capital Financial Services, Inc. and located in Saint Cloud, Minnesota is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Capital Financial Services, Inc., Donald Waage was associated with 14 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Donald Waage Broker Misconduct

In his career, Donald Waage has been the subject of 4 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses.  In 2011, Donald Waage was suspended for 10 days and fined $10,000 for failing to exercise reasonable supervision over a representative who recommended that his customer invest 47.5% of the customer’s available funds and high-risk investments which warrant suitable for the customer.  

The 4 customer complaints filed against Donald Waage’s former employer Capital Financial Services, Inc. for investment losses caused by his alleged misconduct are still pending.

Allegations Against Capital Financial Services, Inc.

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Clients alleged breach of fiduciary duty, misrepresentation, and violation of the Indiana state securities laws related to annuity, oil and gas, and real estate investments.
  • Clients alleged violations of the federal securities laws, breach of fiduciary duty, and breach of contract related to mutual fund and oil and gas investments.
  • The client alleges violations of the federal securities laws, violations of the Minnesota Securities Act, and violation of FINRA rules related to real estate securities investments.

Donald Waage Red Flags & Your Rights as An Investor

Of course, Donald Waage 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 that should put all current and former customers of Donald Waage at Capital Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Donald Waage has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Capital Financial Services, Inc. also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Capital Financial Services, Inc

If you have questions about Capital Financial Services, Inc. and/or Donald Waageand 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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