Investors File Disputes About Alan Douglass

Soreide Law Group is investigating possible investor claims against securities broker Alan Duane Douglass, AKA Roof Douglass [CRD#: 1619835, Clearwater, Florida]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Securities America and Investacorp. Evidently, one or more clients allege sales practice violations in these disputes, including unsuitable transactions. Here is a brief summary of the disclosures about Douglass. However, please note that the securities broker denies the allegations.

Securities America Client Accuses Alan Douglass Of Unsuitable Transactions

Evidently, on May 26, 2022, a Securities America client filed a complaint about Alan Douglass. Specifically, the client alleged unsuitable transactions. Supposedly, the client allegedly sustained damages relating to purchases or sales of variable annuities. Therefore, the client requested $5,000 in compensation from Securities America or Douglass. Evidently, this firm denied the client's dispute on July 11, 2022.

Douglass Allegedly Makes Unsuitable Recommendations To Securities America Client

Also, a client of Securities America contested Alan Douglass's sales practices, according to a complaint dated May 16, 2022. Notably, accusations against the securities broker include unsuitable recommendations. Allegedly, the mutual funds and stocks that Douglass sold or recommended resulted in damages. Therefore, the client requested compensatory relief from Securities America or Douglass in the amount of $5,000 in this ongoing matter.

Investacorp Client Accuses Alan Douglass Of Overconcentration

Evidently, on September 27, 2021, an Investacorp client filed FINRA Arbitration #: 21-02431 about Alan Douglass. Specifically, the client alleged overconcentration. Because of this, the client allegedly sustained damages relating to purchases or sales of alternative investments. Therefore, the client requested $500,000 in compensation from Investacorp or Douglass. Evidently, this arbitration is pending a resolution.

Securities America And Investors Capital Corp. Client Accuses Douglass Of Inappropriate Recommendations

Evidently, a client of Securities America and Investors Capital Corp. contested Alan Douglass's sales practices by filing FINRA Arbitration #: 21-01876 on July 22, 2021. Notably, accusations against the securities broker include inappropriate recommendations. Allegedly, the real estate securities and direct investments that Douglass sold or recommended resulted in damages. Therefore, the client seeks between $100,000 and $500,000 in compensatory relief from Securities America and Investors Capital Corp. or Douglass.

Investacorp Client Accuses Alan Douglass Of Breach Of Fiduciary Duty

Also, a client of Investacorp contested Alan Douglass's sales practices by filing FINRA Arbitration #: 21-00551 on March 9, 2021. Notably, accusations against the securities broker include omissions, breach of fiduciary duty, violations of FNIRA rules, unsuitability, and negligence. Allegedly, Douglass caused the client to sustain damages. Therefore, Investacorp opted to settle the matter on February 4, 2022, by compensating the client in the amount of $50,000. Still, the broker denies the allegations against him.

Did Securities America Securities Broker Douglass Cause You To Experience Damages?

Have you experienced damages by investing with Alan Douglass? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Douglass and the brokerage firms Douglass has associated with deny any and all allegations of sales practice violations.