Advisor Alert: Our Attorneys Are Investigating Richard Clarence DeYoung Jr. For Investment Fraud
Did You Lose Money Because of Richard DeYoung Jr.?
Filed: November 6, 2023
Richard Clarence DeYoung has been the subject of one (1) termination event and 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 Richard Clarence DeYoung Jr..
Who Is Richard Clarence DeYoung Jr. of LPL Financial LLC?
- Advisor Name: Richard Clarence DeYoung Jr.
- Aliases: Richard Clarence DeYoung
- CRD: 863849
- Location: The Woodlands, Texas
- Current Employer: LPL Financial LLC
- Previous Firms: Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Number of Known Customer Complaints: 2
- Number of Known Termination Events: 1
- Can Richard DeYoung Jr. Be Sued: Yes, in Private Arbitration
- Can Richard DeYoung Jr.’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $650,000
- Highest Settlement: Unknown
If you have suffered investment losses by Richard DeYoung Jr., 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 Richard DeYoung Jr. For Broker Misconduct
As of this publication date, Richard DeYoung Jr. has been the subject of 1 termination event and 2 customer disputes. Let’s review them below.
In March 2020, a complaint was filed against or in reference to Richard DeYoung Jr. by a customer of Wells Fargo Advisors alleging that Mr. DeYoung Jr. executed a trade without authorization.
In May 2017, a FINRA arbitration was filed against or in reference to Richard DeYoung Jr. by a customer of Wells Fargo Clearing Services, LLC alleging unsuitable investment recommendations were made in accounts opened in or around 2012. Per the customer, he/she lost over $650,000 because of Mr. DeYoung Jr.’s actions. An arbitration panel found that Richard DeYoung Jr. was negligent and awarded $750,000 in favor of the customers.
In May 2002, UBS Painewebber terminated Richard DeYoung Jr. for 1 correspondence violation, 1 order error, and customer extensions.
How To File A Claim Against Richard DeYoung Jr. of LPL Financial LLC (previously with Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back.
If you have questions about Richard DeYoung Jr., LPL Financial LLC, Wells Fargo Clearing Services, 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.