Advisor Alert: Our Attorneys Are Investigating Francis V Draa For Investment Fraud
Did You Lose Money Because of Frankie Draa?
Filed: November 2, 2023
Francis Draa (also known as Frankie Draa) has been the subject of 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 Francis V Draa.
Who Is Francis V Draa?
- Advisor Name: Francis V Draa
- Aliases: Francis Vincent Draa, Frankie Vincent Draa
- CRD: 6112925
- Location: Houston, Texas
- Current Employer: Currently Not Registered
- Previous Firms: LPL Financial LLC, Sanders Morris Harris LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Number of Known Customer Complaints: 1
- Number of Known Termination Events: 1
- Can Francis Draa Be Sued: Yes, in Private Arbitration
- Can Francis Draa’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Francis Draa, 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 Frankie Draa For Broker Misconduct
As of this publication date, Francis Draa has been the subject of 1 termination event and 1 customer dispute. Let’s review them below.
In October 2019 LPL Financial LLC terminated Francis Draa for violation of Firm Document Signature Policy for re-using signature page for annuity withdrawal request form.
In February 2019, a FINRA arbitration was filed against or in reference to Francis Draa by a customer of LPL Financial LLC alleging that Mr. Draa was involved in the unauthorized submission of transfer documents for a fixed annuity that included a signature that was allegedly copied from another document.
How To File A Claim Against Frankie Draa (previously with LPL Financial LLC, Sanders Morris Harris LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back.
If you have questions about Francis Draa, LPL Financial LLC, Sanders Morris Harris LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, 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.