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.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
Marc Miller (CRD 1133692) is a registered representative with Western International Securities. According to BrokerCheck, a customer filed a claim against him on March 3, 2025 that remains pending.
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