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Douglas Allen Of LPL Financial LLC And Formerly With Wells Fargo Advisors Financial Network, LLC Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Douglas Allen of LPL Financial LLC?

Douglas Allen (CRD # 2765644) who is currently registered with LPL Financial LLC and located in Amarillo, Texas is a subject of one of our many securities industry sales practice abuse investigations.  Prior to LPL Financial LLC, Douglas Allen was associated with Wells Fargo Advisors Financial Network, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Douglas Allen Customer Complaints

Douglas Allen has been the subject of 2 customer complaints that we know about, which were filed in the last year to recover investment losses. Both of Douglas Allen’s customer complaints were settled in favor of investors.

Allegations Against Douglas Allen

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

  • Misrepresentations associated with reallocation of account and tax consequences.
  • Misrepresentation about living benefit rider in connection with variable annuity investment.

Douglas Allen Red Flags & Your Rights As An Investor

Of course, Douglas Allen 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 Allen at LPL Financial LLC and Wells Fargo Advisors Financial Network, LLC on alert to review carefully the activity and performance of their accounts and question whether Douglas Allen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC and Wells Fargo Advisors Financial Network, 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.

File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Douglas Allen

If you have questions about LPL Financial LLC, Wells Fargo Advisors Financial Network, LLC, and/or Douglas Allen 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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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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