Advisor Alert: Our Attorneys Are Investigating Derek Guy McLean For Investment Fraud
Did You Lose Money Because of Derek McLean?
Filed: February 9, 2024
Derek McLean 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 Derek Guy McLean.
Who Is Derek Guy McLean of Cetera Investment Advisers LLC and Cetera Advisors LLC?
- Advisor Name: Derek Guy McLean
- Aliases: Derek McLean
- CRD: 1939560
- Location: Orange, California
- Current Employer: Cetera Investment Advisers LLC and Cetera Advisors LLC
- Previous Firms: First Allied Securities, Inc., First Allied Advisory Services, Inc., and FFP Securities, Inc.
- Number of Known Customer Complaints: 2
- Can Derek McLean Be Sued: Yes, in Private Arbitration
- Can Derek McLean’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $95,000
- Highest Settlement: $22,500
If you have suffered investment losses by Derek McLean, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an elder financial abuse 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 Derek McLean For Broker Misconduct
As of this publication date, Derek McLean has been the subject of 2 customer disputes. Let’s review them below.
In October 2023, a FINRA arbitration was filed against or in reference to Derek McLean by a customer of First Allied Securities, Inc. alleging suitability, fiduciary duty, breach of contract, failure to supervise and financial elder abuse. As of this publication date, this claim remains pending.
In August 2020, a FINRA arbitration was filed against or in reference to Derek McLean by a customer of First Allied Securities, Inc. alleging recommended complex investments that were unsuitable. The claimant generally alleges breach of various duties, negligence, and failure to supervise. Per the customer, he/she lost over $95,000 because of Mr. McLean’s actions. On October 21, 2021, Mr. McLean settled the claim for $22,500, and some or all of this amount may have been paid by Mr. McLean’s employer and/or insurance carrier.
How To File A Claim Against Derek McLean of Cetera Investment Advisers LLC and Cetera Advisors LLC (previously with First Allied Securities, Inc., First Allied Advisory Services, Inc., and FFP Securities, Inc.) To Get Your Money Back
If you have questions about Derek McLean, Cetera Investment Advisers LLC, Cetera Advisors LLC, First Allied Securities, Inc., First Allied Advisory Services, Inc., FFP Securities, Inc., 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.