Investors potentially incurred losses because of securities broker Donald Edward Wallace [CRD: 1471984, Fort Lauderdale, Florida], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Wallace worked for D.H. Hill Securities, LLLP from May 16, 2017, to October 5, 2023. Investors should continue reading to learn more about Wallace’s client dispute disclosures.
Wallace Disclosed D.H. Hill Securities Client Dispute About Breach Of Contract, Unsuitable Advice
According to FINRA BrokerCheck, a client filed FINRA Arbitration No. 24-00796 involving Wallace while he was associated with D.H. Hill Securities, LLLP. The client alleged that Wallace made unsuitable recommendations, was negligent, and breached a contract. The client allegedly experienced damages related to asset-backed bonds. The matter was settled on April 26, 2024, when D.H. Hill Securities, LLLP paid the client $46,159.23 in damages.
D.H. Hill Securities Investor Accused Donald Wallace Of Breach Of Fiduciary Duty
Also, a D.H. Hill Securities, LLLP client filed FINRA Arbitration No. 23-01539 about Donald Wallace. Primarily, the client alleged that Wallace breached his fiduciary duty and made unsuitable recommendations. For this reason, the client allegedly incurred damages connected to asset-backed bonds. As a result, on April 23, 2024, D.H. Hill Securities, LLLP settled this matter by paying the client $300,000 in damages.
Wallace Disclosed Misrepresentation And Breach Of Contract Allegations By Qa3 Financial Corp. Client
Particularly, a client of Qa3 Financial Corp. contested Wallace’s sales practices by filing FINRA Arbitration No. 11-00623. Allegedly, Wallace breached his fiduciary duty, was negligent, made negligent misrepresentations, violated state securities laws, and breached a contract. It appears that Wallace allegedly caused the client to sustain damages relating to variable annuities, direct investments, real estate securities, and investments managed by a third party money manager. Consequently, Qa3 Financial Corp. opted to settle the matter on April 23, 2012, by paying the client $14,999.99.
Did You Invest With Financial Advisor / Securities Broker Donald Wallace?
Do you need clarification on any investment losses relating to Donald Wallace? You can contact Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Wallace and brokerage firms Wallace worked for deny accusations of sales practice violations.
