Douglas Frizzell Subject of Dispute Regarding Annuity Distributions

Douglas Frizzell (CRD #: 2630044), a broker registered with Wells Fargo Advisors Financial Network, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 28, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On March 13, 2024, an attorney for an investor alleged that Douglas Frizzell told trustees that distribution from an annuity contract would not adversely affect the ability of the Trust to meet its ongoing obligations to a beneficiary. The attorney further alleged that the distribution resulted in tax consequences that hampered their ability to meet the Trust’s obligations. 

Douglas Frizzell has two other settled disputes on his record.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Giving investors inaccurate information may violate this rule. 

Background Information 

Douglas Frizzell has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

He is a registered broker in 37 states, D.C., and Puerto Rico. He is a registered investment adviser in Florida, New Hampshire, and Texas. 

During his 28 years of experience, Douglas Frizzell has registered with three firms: 

• Wells Fargo Advisors (CRD #: 11025) 
• UBS Financial Services (CRD #: 8174) 
• CitiGroup Global Markets (CRD #: 7059) 

Kurta Law Can Help 

If you have worked with Douglas Frizzell and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.