Investors might have sustained losses due to securities broker Derek Guy McLean [CRD: 1939560, Chino, California], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McLean worked for First Allied Securities Inc. from May 30, 2008, to September 8, 2022, and later registered with Cetera Investment Advisers LLC on November 12, 2020, and Cetera Advisors LLC beginning September 8, 2022. Investors are encouraged to continue reading to find out more about disclosures involving this securities broker.
Particularly, a Cetera Advisors LLC client filed FINRA Arbitration No. 23-03099 about Derek McLean. Mainly, the client alleged that McLean breached a contract, failed to supervise certain representatives, breached his fiduciary duty, and committed elder abuse, while also raising suitability concerns. For this reason, the investor allegedly sustained damages pertaining to interval funds. As a result, on August 23, 2024, Cetera Advisors LLC settled this matter by paying the client $196,000 in damages.
Additionally, a client of First Allied Securities Inc. contested Derek McLean’s sales practices by filing FINRA Arbitration No. 20-02512. Allegedly, McLean made unsuitable recommendations, was negligent, and failed to supervise certain representatives, while also breaching various duties. It appears that McLean allegedly caused the client to suffer damages relating to variable annuities and real estate securities. Therefore, First Allied Securities Inc. opted to settle the matter on October 21, 2021, by compensating the client in the amount of $22,500.
Do you have concerns or questions regarding investments you made with Derek McLean? If so, reach out to Soreide Law Group at (888) 760-6552 or online and talk to a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the country. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. McLean and brokerage firms McLean worked for deny any accusations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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