Investor Alleges Negligence in Dispute with Douglas Campbell 

Douglas Campbell (CRD #: 1157205), a broker formerly registered with LPL Financial, was the subject of a recent investor dispute, according to his BrokerCheck record, accessed on September 20, 2025. Investors may have also engaged his services through Alpha Capital Family Office. Keep reading for more information about his alleged conduct as a broker.

Investor Disputes

On June 3, 2025, an investor alleged that Douglas Campbell acted negligently with regard to a position he purchased that later declined in value. The client received a settlement of $105,000.

In a dispute filed on June 8, 2021, an investor alleged that Douglas Campbell made unsuitable and excessive investments that went beyond the scope of reasonable diversification. This dispute was settled for $150,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consider an investor’s tax status, age, risk tolerance, and other information described in their profile.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

What is broker negligence?

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information

Douglas Campbell has passed the following exams:

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• Direct Participation Programs Representative Examination – Series 22
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

In his 35 years as a broker, he has worked for 19 firms. The most recent include:

• LPL Financial (CRD#:6413) 
• Wells Fargo Advisors (CRD#:19616) 
• UBS Financial Services (CRD#:8174) 
• Morgan Stanley & Company (CRD#:8209) 
• Wachovia Securities (CRD#:19616) 
• Jackson National Life Distributors (CRD#:40178)
• Multi-Financial Securities Corporation (CRD#:10299) 
• ING America Equities (CRD#:36259)
• Mutual Service Corporation (CRD#:4806) 
• Mony Securities Corporation (CRD#:4386) 

Kurta Law Can Help

If you worked with Douglas Campbell and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.