Investor Seeks Six Figure Damages in Dispute with Duncan MacEachern

Duncan MacEachern (CRD #: 1856591), a broker registered with LPL Financial, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on September 6, 2025. Investors may have also worked with him through Celtic Wealth Management Group and Aquest Wealth Strategies. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on June 23, 2025, an investor alleged that Duncan MacEachern made unsuitable recommendations of high-risk and illiquid investments. The client seeks $200,000 in damages.

On April 10, 2023, an investor alleged that Duncan MacEachern gave unsuitable recommendations of risky and illiquid investments from late 2017 through 2018. The client sought $800,000 and received a settlement of $75,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their tax status, risk tolerance, and other investments.

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recover their losses.

Background Information

Duncan MacEachern 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 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

Duncan MacEachern is a registered broker in 15 states and a registered investment adviser in Michigan.

He has also worked for the following firms:

• Centaurus Financial (CRD#:30833)
• Wachovia Securities (CRD#:19616)
• Prudential Securities (CRD#:7471)
• First Union Securities (CRD#:19616)
• First of Michigan Corporation (CRD#:311)
• Shearson Lehman Hutton (CRD#:7506)

Kurta Law Can Help

If you worked with Duncan MacEachern 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.