DID WILLIAM DAVID MCDONALD CAUSE YOU INVESTMENT LOSSES?
William David McDonald formerly with Valic Financial Advisors, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years
Who is William D. McDonald formerly with Valic Financial Advisors, Inc.?
William McDonald (CRD # 6159098) who was formerly registered with Valic Financial Advisors, Inc. and located in Overland Park, Kansas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Valic Financial Advisors, Inc., William McDonald was associated with another investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Valic Financial Advisors, Inc. Broker Misconduct
In his career, William McDonald has been the subject of 2 customer complaints that we know about, one of those complaints were filed in the last year to recover investment losses. One of William McDonald’s customer complaints was settled in favor of investors. There are currently one pending customer complaint filed against William McDonald’s former employer Valic Financial Advisors, Inc. for investment losses caused by his alleged misconduct.
Allegations Against William McDonald
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Client alleged that William McDonald in his capacity as a financial advisor did intentionally and without authority withdraw funds from the clients account. His former employer Valic Financial Advisors, Inc. settled the claim for the full amount allegedly withdrawn without the client’s authority.
- Client alleges that the financial advisor (her ex-husband) moved funds from her account without her authorization.
William McDonald Red Flags & Your Rights As An Investor
Of course, William McDonald 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 William McDonald at Valic Financial Advisors, Inc. on alert to review carefully the activity and performance of their accounts and question whether William McDonald has engaged in any stockbroker misconduct that may have caused them investment losses. There are a large number of customer complaints at Valic Financial Advisors, Inc. which also raises questions about its 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 Valic Financial Advisors, Inc.
If you have questions about Valic Financial Advisors, Inc. and/or William McDonald 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.