FINRA Files Complaint Against Don Ingram

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Don Ingram (also known as Donnie Eugene Ingram) [CRD: 1416971, Winter Haven, FL]. Not only has FINRA filed an enforcement action against Ingram, but investors disputed Ingram’s sales practices. However, Ingram denies the allegations of sales practice violations. Read on to learn more about the allegations against Ingram.

FINRA Charges Don Ingram With Unsuitable Recommendations

Evidently, on September 27, 2022, FINRA initiated Complaint: 2018057298701 against Don Ingram. Notably, FINRA alleged that Don Ingram made unsuitable recommendations concerning UITs and alternative investments. Allegedly, the broker did not have a reasonable basis for recommending standard version UITs instead of fee-based UITs. Supposedly, his recommendations caused clients to pay extra costs. Not only that, but the regulator claims that Ingram caused clients to overpay in connection with alternative investment purchases. This matter is ongoing.

Cetera Advisors LLC Investor Accused Ingram Of Unsuitable Recommendations

Also, a Cetera Advisors LLC client filed FINRA Arbitration: 17-00928 about Don Ingram. Namely, the client alleged that Ingram made unsuitable investment recommendations. Because of this, the client allegedly sustained damages on corporate bonds and real estate securities. Therefore, on December 18, 2017, Cetera Advisors LLC settled this matter by paying the client $23,000 in damages. However, Cetera Advisors LLC and Ingram admit no liability in this settlement.

Don Ingram Disclosed Unsuitable Advice Allegations By Investors Capital Corp. Client

Additionally, a client of Investors Capital Corp. contested Don Ingram’s sales practices by filing FINRA Arbitration: 16-02304. Allegedly, Ingram provided unsuitable advice. It is alleged that Don Ingram caused the client to sustain damages on corporate bonds and direct investments. Therefore, Investors Capital Corp. opted to settle the matter on August 29, 2017, with no admission of liability, by compensating the client in the amount of $45,000.

Investors Capital Corp. Investor Accused Ingram Of Unsuitable Recommendations

Also, an Investors Capital Corp. client filed FINRA Arbitration: 16-02238 about Don Ingram. Namely, the client alleged that Don Ingram made unsuitable investment recommendations. Because of this, the client allegedly sustained damages on corporate bonds, equities, stocks, and real estate securities. Therefore, on August 29, 2017, Investors Capital Corp. settled this matter by paying the client $200,000 in damages. However, the firm and Ingram admit no liability in this settlement.

Don Ingram Disclosed Unsuitable Advice Allegations By Investors Capital Corp. Client

Evidently, a client of Investors Capital Corp. contested Don Ingram’s sales practices by filing FINRA Arbitration: 16-02599. Allegedly, Ingram made unsuitable investment recommendations. It is alleged that Ingram caused the client to sustain damages on corporate bonds, equities, and real estate securities. Therefore, Investors Capital Corp. opted to settle the matter on August 29, 2017, with no admission of liability, by compensating the client in the amount of $46,000.

Ingram Employment Information

Ingram worked for Centaurus Financial Inc. in Winter Haven, FL, as a securities broker from July of 2016 to October of 2020.

Damages Resulting From Centaurus Financial Inc. Securities Broker Don Ingram?

Have you experienced damages through investing with Don Ingram? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Don Ingram and brokerage firms Ingram worked for deny any and all allegations of sales practice violations.