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Douglas Magnuson Named in Dispute Alleging Losses

Douglas Magnuson (CRD #: 2592996), a broker registered with Four Points Capital Partners, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 3, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On February 23, 2023, an investor named Douglas Magnuson in allegations that the client did not fully understand the risks involved in certain investments, which experienced losses from April 2017 through May 2022. The client seeks $316,769.50 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of information related to investments, such as their potential risks, fees, or limitations.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Douglas Magnuson has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Douglas Magnuson is a registered broker in 21 states.

He has also worked for the following firms:

  • DPEC Capital (CRD#:103737)
  • Broadband Capital Management (CRD#:48001)
  • Dalton Kent Securities Group (CRD#:38813)
  • Geneva Capital Corporation (CRD#:43747)
  • Global Equities Group (CRD#:34039)
  • Sterling Foster & Company (CRD#:36052)

Kurta Law Can Help

If you worked with Douglas Magnuson 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 and 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. 

 

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