Advisor Alert: Our Attorneys Are Investigating Douglas Kenneth Allen For Investment Fraud
Did You Lose Money Because of Douglas Allen?
Filed: November 6, 2023
Douglas Allen 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 Douglas Kenneth Allen.
Who Is Douglas Kenneth Allen of LPL Financial LLC?
- Advisor Name: Douglas Kenneth Allen
- Aliases: Douglas K. Allen
- CRD: 2765644
- Location: Amarillo, Texas
- Current Employer: LPL Financial LLC
- Previous Firms: Wells Fargo Advisors Financial Network, LLC and Wells Fargo Advisors, LLC
- Number of Known Customer Complaints: 2
- Can Douglas Allen Be Sued: Yes, in Private Arbitration
- Can Douglas Allen’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $128,629
- Highest Settlement: Unknown
If you have suffered investment losses by Douglas Allen, 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 Douglas Allen For Broker Misconduct
As of this publication date, Douglas Allen has been the subject of 2 customer disputes. Let’s review them below.
In August 2020, a complaint was filed against or in reference to Douglas Allen by a customer of LPL Financial LLC alleging that Mr. Allen advised the client that reallocation of her account would have no tax consequences, and sought recovery of taxes paid, plus $2,500 in attorney’s fees. Per the customer, she lost over $128,629 because of Mr. Allen’s actions.
In February 2012, a complaint was filed against or in reference to Douglas Allen by a customer of Wells Fargo Advisors, LLC alleging that Mr. Allen told the client that a living benefit rider was part of their investment. Per the customer, she lost over $34,912 because of Mr. Allen’s actions.
How To File A Claim Against Douglas Allen of LPL Financial LLC (previously with Wells Fargo Advisors Financial Network, LLC and Wells Fargo Advisors, LLC) To Get Your Money Back.
If you have questions about Douglas Allen, LPL Financial LLC, Wells Fargo Advisors Financial Network, LLC, Wells Fargo Advisors, 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.