Advisor Alert: Our Attorneys Are Investigating Donald Edward Wallace For Investment Fraud
Did You Lose Money Because of Donald Wallace?
Filed: March 4, 2024
Donald Wallace 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 Donald Edward Wallace.
Who Is Donald Edward Wallace?
- Advisor Name: Donald Edward Wallace
- Aliases: Donald Wallace
- CRD: 1471984
- Location: Fort Lauderdale, Florida
- Current Employer: Currently Not Registered
- Previous Firms: D.H. Hill Securities, LLLP, Financial West Group, and Cambridge Investment Research, Inc.
- Number of Known Customer Complaints: 2
- Can Donald Wallace Be Sued: Yes, in Private Arbitration
- Can Donald Wallace’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $14,999.99
If you have suffered investment losses by Donald Wallace, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Wallace For Broker Misconduct
As of this publication date, Donald Wallace has been the subject of 2 customer disputes. Let’s review them below.
In May 2023, a FINRA arbitration was filed against or in reference to Donald Wallace by multiple customers of D.H. Hill Securities, LLLP alleging misrepresentation, unsuitable recommendation, and inadequate due diligence. Per the customers, they lost over $450,000 because of Mr. Wallace’s actions. As of this publication date, this claim remains pending.
In April 2011, a FINRA arbitration was filed against or in reference to Donald Wallace by a customer of QA3 Financial Corp. alleging damages for breach of fiduciary duty, negligence, negligent misrepresentation, constructive fraud, violation of Florida’s Securities & Investor Protection Act, and breach of contract. Per the customer, he/she lost over $1,000,000 because of Mr. Wallace’s actions. On April 23, 2012, Mr. Wallace settled the claim for $14,999.99, and some or all of this amount may have been paid by Mr. Wallace’s employer and/or insurance carrier.
How To File A Claim Against Donald Wallace (previously with D.H. Hill Securities, LLLP, Financial West Group, and Cambridge Investment Research, Inc.) To Get Your Money Back
If you have questions about Donald Wallace, D.H. Hill Securities, LLLP, Financial West Group, Cambridge Investment Research, 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.