CETERA ADVISORS, LLC, and Representative, JUSTIN DOLAN

Soreide Law Group, based in Florida, has filed a FINRA arbitration on behalf of our clients (Claimants) against:
CETERA ADVISORS, LLC, and their registered representative, JUSTIN DOLAN (Respondents).
The Claimants, who are retired and reside in Florida, bring this lawsuit to recover the losses they claim were due to the sale of unsuitable alternative investments and REITS, sold in large concentrations allegedly recommended by the Respondents. The lawsuit alleges the Claimants were looking for conservative income producing investments that could sustain them through retirement.
According to the lawsuit, the Claimants, allegedly at the recommendation of CETERA broker/financial advisor, JUSTIN DOLAN, between December 2015 and April 2016, invested in illiquid REITs and Private Placements. Approximately $100,000.00 was invested into FS Energy & Power Fund (no longer paying distributions and trading at a 90% loss on the secondary market) and $90,000.00 in Northstar Healthcare Income, Inc. REIT (also not paying distributions and trading at an 85% loss on the secondary market).
The lawsuit alleges the Claimants were advised to reinvest all distributions into both of these products by the Respondents.
The lawsuit is claiming damages of up to $200,000.00 and alleging:  breach of fiduciary duty, violation of FINRA rules, breach of contract, negligence, and negligent supervision.
The Respondents have filed an answer denying all allegations.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JUSTIN DOLAN (JUSTIN C DOLAN, JUSTIN CHRISTOPHER DOLAN) has two disclosures on his FINRA CRD report.  Dolan has been in the securities industry for 14 years and has been listed with 11 firms.  He is currently listed both as a broker and investment advisor with:
CHARLES SCHWAB & CO., INC.
841 S. Ponce de Leon Blvd Suite 7
St. Augustine, FL 32084
JUSTIN DOLAN was listed with CETERA ADVISORS LLC,  ST. AUGUSTINE, FLORIDA, from December of 2014 to August of 2018.
If you’ve experienced losses due to the broker/financial advisor, JUSTIN DOLAN, formerly of CETERA ADVISORS, and currently with CHARLES SCHWAB, both of St. Augustine, Florida, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.