DID DOUGLAS KELLER CAUSE YOU INVESTMENT LOSSES?
Douglas Keller Formerly With Chelsea Financial Services And AXA Advisors Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Douglas Keller formerly with Chelsea Financial Services?
Douglas Keller (CRD #1272529) who was formerly registered with Chelsea Financial Services and located in Red Bank, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Chelsea Financial Services, Douglas Keller was associated with AXA Advisors and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. He was discharged from his employment at AXA Advisors for engaging in prohibited and unapproved outside business activities by selling indexed universal life insurance away from the firm after certifying to the contrary.
Douglas Keller Customer Complaints
Douglas Keller has been the subject of4 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Douglas Keller’s 4 customer complaints was settled in favor of investors. Three of Douglas Keller’s customers’ complaints were denied and the customers did not take any further action.
Allegations Against Douglas Keller
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged a replacement insurance policy’s fees and surrender scheduled were misrepresented by Douglas Keller.
- Client alleged Douglas Keller’s misrepresentation in connection with the replacement of his whole life policy with a variable life policy.
- Client alleged Douglas Keller did not inform her that she purchased a variable annuity or that there were any surrender charges associated with the contract.
- Daughter of the trustee alleged that the recommendation to purchase a variable life insurance policy was unsuitable.
Douglas Keller Red Flags & Your Rights As An Investor
Of course, Douglas Keller 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 Keller at Chelsea Financial Services and AXA Advisors on alert to review carefully the activity and performance of their accounts and question whether Douglas Keller has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Chelsea Financial Services and AXA Advisors 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 Chelsea Financial Services Due To Douglas Keller
If you have questions about Chelsea Financial Services, AXA Advisors, and/or Douglas Keller 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.