DID WILLIAM JOHN MCLAUGHLIN JR CAUSE YOU INVESTMENT LOSSES?
William John McLaughlin Jr formerly with Coastal Equities, Inc. Has 4 Customer Complaints for Alleged Broker Misconduct in the Past Year
Who is William J. McLaughlin Jr formerly with Coastal Equities, Inc.?
William McLaughlin (CRD #1014583) who was formerly registered with Coastal Equities, Inc. and located in Wall, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Coastal Equities, Inc., William McLaughlin was associated with 12 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Coastal Equities, Inc. Broker Misconduct
In his career, William McLaughlin has been the subject of 4 customer complaints that we know about, all of those complaints were filed in the last year to recover investment losses. One of William McLaughlin’s 4 customer complaints was settled in favor of investors. There are currently 3 pending customer complaints filed against William McLaughlin’s former employer Coastal Equities, Inc. for investment losses caused by his alleged misconduct.
Allegations Against William McLaughlin
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- The claimant alleges breach of fiduciary duty, and that the advisor made unsuitable recommendations in a portfolio, material misrepresentations in connection with direct investments and limited partnership interests.
- The claimant alleges that unsuitable investment recommendations were made to him in his advisory account.
- The claimant alleges that unsuitable investment recommendations in the real estate sector were made to her in her advisory account
William McLaughlin Red Flags & Your Rights as An Investor
Of course, William McLaughlin 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 William McLaughlin at Coastal Equities, Inc. on alert to review carefully the activity and performance of their accounts and question whether William McLaughlin has engaged in any stockbroker misconduct that may have caused them investment losses.
The large number of customer complaints at Coastal Equities, 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 Coastal Equities, Inc.
If you have questions about Coastal Equities, Inc. and/or William McLaughlin 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.