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Douglas Coleman is the Subject of an Alternative Investment Dispute

Douglas Coleman (CRD #: 859419), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 5, 2023. Keep reading if you have questions about his alleged conduct as a broker. 

On September 22, 2023, an investor alleged Douglas Coleman recommended an unsuitable alternative investment. The investor is seeking $70,000. 

FINRA Rule 2111 – Unsuitable Alternative Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable

Alternative investments are often unsuitable because their high degree of risk does not suit most investors’ needs. 

Background Information 

Douglas Coleman has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 1 Registered Representative Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker in 28 states and D.C. He is a registered investment adviser in Colorado and Texas. 

Douglas Coleman has registered with seven firms in his 44 years of experience: 

  • LPL Financial (CRD #: 6413) 
  • 1717 Capital Management (CRD #: 4082) 
  • NYLife Securities (CRD #: 5167) 
  • Mutual Service Corporation (CRD #: 4806) 
  • Calvert Securities Corporation (CRD #: 14035) 
  • Capital Analysts, Incorporated (CRD #: 5478)
  • Cigna Securities (CRD #: 145) 

 Kurta Law Can Help 

If you have worked with Douglas Coleman and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.