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Richard DeYoung, Jr. Of LPL Financial LLC And Formerly With Wells Fargo Clearing Services, LLC Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Richard DeYoung, Jr. of LPL Financial LLC?

Richard DeYoung, Jr.

Richard DeYoung, Jr. (CRD #863849) who is currently registered as a broker and investment adviser with LPL Financial LLC and located in The Woodlands, Texas, is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Richard DeYoung, Jr. was associated with Wells Fargo Clearing Services, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Richard DeYoung, Jr. Customer Complaints

Richard DeYoung, Jr. has been the subject of 2 customer complaints that we know about to recover investment losses. One of the customer complaints evolved into a FINRA arbitration proceeding and an arbitration award against Wells Fargo Clearing Services and Richard DeYoung in the amount of $750,000 plus expenses. The other customer complaint was denied by the same brokerage firm and, to date, no further action has been taken.

Allegations Against Richard DeYoung, Jr.

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

  • Unsuitability, common law negligence, breach of contract, and failure to supervise.
  • Unauthorized trading.

Richard DeYoung, Jr. Red Flags & Your Rights As An Investor

Of course, Richard DeYoung, Jr. 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 Richard DeYoung, Jr. at LPL Financial LLC and Wells Fargo Clearing Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Richard DeYoung, Jr. 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 Clearing Services, 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?

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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 Richard DeYoung, Jr.

If you have questions about LPL Financial LLC, Wells Fargo Clearing Services, LLC and/or Richard DeYoung, Jr. 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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