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Douglas Shepler Allegedly Misrepresented an Investment

Douglas Shepler (CRD #: 2253405), a broker registered with LPL Financial is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 23, 2024. Details concerning this dispute are provided below. 

Misrepresentation Allegations

On November 28, 2023, an investor alleged that Douglas Shepler misrepresented an investment. The dispute was denied, but investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration

What is Misrepresentation?

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 also violate this rule. 

Background Information 

Douglas Shepler 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 24 General Securities Representative Examination 

He is a registered broker in 14 states and is a registered investment advisor in Indiana. 

During his 31 years of experience, Douglas Shepler has registered with the following firms: 

  • LPL Financial (CRD #: 6413) 
  • Robert W. Baird & Co. (CRD #: 8158) 
  • Northwestern Mutual Investment Services (CRD #: 2881) 
  • Painewebber Incorporated (CRD #: 8174) 
  • Smith Barney (CRD #: 7059) 
  • Lehman Brothers (CRD #: 7506) 

Kurta Law Can Help 

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