Advisor Alert: Our Attorneys Are Investigating Dominic Thomas Debruin For Investment Fraud
Did You Lose Money Because of Donnie Debruin?
Filed: November 29, 2023
Dominic Debruin (also known as Donnie Debruin) has been the subject of two (2) regulatory events, one (1) financial event, one (1) termination event, and one (1) customer complaint. 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 Dominic Thomas Debruin.
Who Is Dominic Thomas Debruin?
- Advisor Name: Dominic Thomas Debruin
- Aliases: Dominic Debruin, Donnie Debruin
- CRD: 2788196
- Location: Mesa, Arizona
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: LPL Financial LLC, Waddell & Reed, and Prudential Investment Management Services LLC
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 2
- Number of Known Financial Events: 1
- Number of Known Termination Events: 1
- Can Dominic Debruin Be Sued: Yes, in Private Arbitration
- Can Dominic Debruin’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $140,000
- Highest Settlement: $60,000
If you have suffered investment losses by Dominic Debruin, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Dominic Debruin For Broker Misconduct
As of this publication date, Dominic Debruin has been the subject of 2 regulatory events, 1 termination event, 1 financial event, and 1 customer dispute. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to Dominic Debruin by multiple customers of LPL Financial LLC alleging that Mr. Debruin recommended unsuitable stock and misappropriated funds. Per the customers, they lost over $140,000 because of Mr. Debruin’s actions. On June 14, 2021, Mr. Debruin settled the claim for $60,000, and some or all of this amount may have been paid by Mr. Debruin’s employer and/or insurance carrier.
In October 2017, New Jersey Bureau of Securities initiated a regulatory event against or in reference to Dominic Debruin for being the subject of an order of a self-regulatory organization expelling him from a self-regulatory organization.
In November 2016, FINRA initiated a regulatory event against or in reference to Dominic Debruin. Without admitting or denying the findings, DeBruin consented to the sanction and to the entry of findings that he refused to provide information and documents and to appear for on-the-record testimony as requested by FINRA.
In October 2014, FIA Card Services/Bank of America reported that Mr. Debruin had outstanding debt totaling $7,600. Mr. Debruin settled this matter in the amount of $3,500.
In July 1997, Argent Securities, Inc. Terminated Dominic Debruin for debit balances in customer accounts resulting from the customers’ refusal of the IPO Professional Transportation Group (TRUC)-NASDAQ-the amount was for approximately $33,000.00.
How To File A Claim Against Dominic Debruin (previously with LPL Financial LLC, Waddell & Reed, and Prudential Investment Management Services LLC) To Get Your Money Back.
If you have questions about Dominic Debruin, LPL Financial LLC, Waddell & Reed, Prudential Investment Management 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.