Investors potentially experienced sales practice violations by securities broker Douglas Robert Fisher [CRD: 3196973, Grand Rapids, Michigan], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Fisher worked for LPL Financial LLC from February 23, 2009, to November 25, 2020. Keep reading to learn more about Fisher’s disclosures.
Evidently, a client filed a complaint about Douglas Fisher. Primarily, the client alleged that Fisher made omissions related to the sale of real estate investment trusts (REITs). For this reason, the client allegedly incurred damages. Therefore, on April 18, 2024 LPL Financial LLC settled this matter by paying the client $15,000 in damages.
Also, a client of LPL Financial contested Douglas Fisher’s sales practices, according to a complaint dated June 12, 2015. Allegedly, Fisher committed forgery and withdrew client funds without authorization. It appears that Fisher allegedly caused the client to sustain damages involving a bank CD and a brokerage IRA. Consequently, the client sought compensation from LPL Financial or Fisher in this matter. However, this complaint closed without a resolution.
Do you have concerns or questions regarding investments you made with Douglas Fisher? You can contact Soreide Law Group online or at (888) 760-6552 and talk with 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. Fisher and brokerage firms Fisher worked for deny accusations of sales practice violations.
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