Advisor Alert: Our Attorneys Are Investigating Doug Duane Nelson For Investment Fraud
Did You Lose Money Because of Doug Nelson?
Filed: January 29, 2024
Doug Nelson currently has one (1) pending customer complaint. Overall, he 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 Doug Duane Nelson.
Who Is Doug Duane Nelson of LPL Financial?
- Advisor Name: Doug Duane Nelson
- Aliases: Doug Duane Nelson, Doug Nelson
- CRD: 4609776
- Location: Pahrump, Nevada
- Current Employer: LPL Financial
- Previous Firms: M Stevens Wealth Advisors, LLC, Kingswood Capital Partners, LLC, and Chalice Wealth Advisors
- Number of Known Customer Complaints: 1
- Can Doug Nelson Be Sued: Yes, in Private Arbitration
- Can Doug Nelson’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $250,000
- Highest Settlement: Unknown
If you have suffered investment losses by Doug Nelson, 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 Doug Nelson For Broker Misconduct
As of this publication date, Doug Nelson has been the subject of 1 customer dispute. Let’s review it below.
In January 2024, a FINRA arbitration was filed against or in reference to Doug Nelson by a customer of Kingswood Capital Partners, LLC alleging unsuitable and misleading investment recommendations to invest and hold a portion of Claimants’ assets into GWG Holding Inc.’s L Bonds (“GWG L Bonds”) and Respondents’ failure to conduct reasonable due diligence about the GWG L Bonds and its issuer GWG Holdings, Inc. Per the customer, he/she lost over $250,000 because of Mr. Nelson’s actions. As of this publication date, this claim remains pending.
How To File A Claim Against Doug Nelson of LPL Financial (previously with M Stevens Wealth Advisors, LLC, Kingswood Capital Partners, LLC, and Chalice Wealth Advisors) To Get Your Money Back
If you have questions about Doug Nelson, LPL Financial, M Stevens Wealth Advisors, LLC, Kingswood Capital Partners, LLC, Chalice Wealth Advisors, 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.