Investors apparently complained about securities broker Damon Merrill [CRD: 4011748, Hillsboro, Oregon], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mapes worked for Cetera Investment Services LLC from February 28, 2013, to March 20, 2020, and from June 10, 2020, to December 21, 2020, and he later registered with LPL Financial LLC beginning March 29, 2021. Investors are encouraged to continue reading to discover more about the disclosures involving Mapes.
Evidently, a Cetera Investment Services LLC client filed FINRA Arbitration No. 24-00253 about Damon Mapes. Primarily, the client alleged that Mapes overconcentrated accounts and made unsuitable recommendations involving alternative investments. For this reason, the client allegedly sustained damages associated with real estate investment trusts. Therefore, on July 3, 2025, Cetera Investment Services LLC settled this matter by paying the client $25,000 in damages.
Particularly, a client of Merrill Lynch contested Damon Mapes’s sales practices, according to a complaint. Allegedly, Mapes made unsuitable recommendations. It appears that Mapes allegedly caused the client to sustain damages related to mutual funds. Consequently, Merrill Lynch opted to settle the matter on October 29, 2001, by compensating the client in the amount of $20,000.
Did you experience losses because of Damon Mapes? Get in touch with Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the US. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Mapes and brokerage firms Mapes worked for deny allegations of sales practice violations.
FINRA sanctioned securities broker Jay Deron Zornes [CRD: 4124536, Ironton, Ohio], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jay Zornes worked for Cambridge Investment Research Inc. from March 5, 2014, to May 19, 2025. See below to learn more about the disclosures involving Jay Zornes. FINRA Sanctioned Zornes For Noncompliance With Investigation […]
Investors have reportedly disputed the sales practices of securities broker Patrick James Gorand [CRD: 5559541, Winnetka, Illinois], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Gorand worked for J.P. Morgan Securities LLC from December 2, 2014, to the present as a securities broker and from April 26, 2023, to the […]
Investors potentially experienced sales practice violations by securities broker Christ Mavrakos (also known as Christ Mavrakakos, Chris Mavrakos, Christopher Mavrakos, and Chris Mavrokos) [CRD: 1793086, Safety Harbor, Florida], based on disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mavrakos worked for LPL Financial LLC from November 26, 2012, to the present, and MFP Financial […]
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