Advisor Alert: Our Attorneys Are Investigating Donald Wayne Rhodes For Investment Fraud
Did You Lose Money Because of Donald Rhodes?
Filed: March 20, 2024
Donald Rhodes has been the subject of 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 Donald Wayne Rhodes.
Who Is Donald Wayne Rhodes?
- Advisor Name: Donald Wayne Rhodes
- Aliases: Donald Wayne Rhodes
- CRD: 2813490
- Location: New Albany, Indiana
- Current Employer: Currently Not Registered
- Previous Firms: American Equity Investment Corporation
- Number of Known Customer Complaints: 1
- Can Donald Rhodes Be Sued: Yes, in Private Arbitration
- Can Donald Rhodes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $120,000
- Highest Settlement: $40,000
If you have suffered investment losses by Donald Rhodes, 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 Donald Rhodes For Broker Misconduct
As of this publication date, Donald Rhodes has been the subject of 1 customer dispute. Let’s review it below.
In November 2022, a FINRA arbitration was filed against or in reference to Donald Rhodes by a customer of American Equity Investment Corporation alleging that the bond was unsuitable and the respondent did not sufficiently convey the risks involved. Per the customer, he/she lost over $120,000 because of Mr. Rhodes’s actions. On September 6, 2023, Mr. Rhodes settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Rhodes’s employer and/or insurance carrier.
How To File A Claim Against Donald Rhodes (previously with American Equity Investment Corporation) To Get Your Money Back
If you have questions about Donald Rhodes, American Equity Investment Corporation, 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.