Advisor Alert: Our Attorneys Are Investigating Damon Merrill Mapes For Investment Fraud
Did You Lose Money Because of Damon Mapes?
Filed: March 13, 2024
Damon Mapes currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Damon Merrill Mapes.
Who Is Damon Merrill Mapes of LPL Financial LLC?
- Advisor Name: Damon Merrill Mapes
- Aliases: Damon Mapes
- CRD: 4011748
- Location: Hillsboro, Oregon
- Current Employer: LPL Financial LLC
- Previous Firms: Cetera Investment Advisers LLC and Cetera Investment Services LLC
- Number of Known Customer Complaints: 2
- Can Damon Mapes Be Sued: Yes, in Private Arbitration
- Can Damon Mapes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $250,000
- Highest Settlement: $20,000
If you have suffered investment losses by Damon Mapes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Damon Mapes For Broker Misconduct
As of this publication date, Damon Mapes has been the subject of 2 customer disputes. Let’s review them below.
In February 2024, a FINRA arbitration was filed against or in reference to Damon Mapes by a customer of Cetera Investment Services LLC alleging that Mr. Mapes made unsuitable investment recommendations. Per the customer, he/she lost over $250,000 because of Mr. Mapes’s actions. As of this publication date, this claim remains pending.
In June 2001, a complaint was filed against or in reference to Damon Mapes by a customer of Merrill Lynch alleging that her investments were not suitable. Per the customer, she lost over $39,000 because of Mr. Mapes’s actions. On October 29, 2001, Mr. Mapes settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Mapes’s employer and/or insurance carrier.
How To File A Claim Against Damon Mapes of LPL Financial LLC (previously with Cetera Investment Advisers LLC and Cetera Investment Services LLC) To Get Your Money Back
If you have questions about Damon Mapes, LPL Financial LLC, Cetera Investment Advisers LLC, Cetera Investment Services LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.