Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Craig Fernsler (Fernsler), currently associated with Mcdermott Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Fernsler recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $300,000.00 on March 25, 2026.
Claimants purchased multiple DSTs in June 2021 as part of a tax advantaged 1031 exchange of a prior real estate investment. Due to circumstances well beyond Firm’s or RR’s control, ONE of the DSTs is not performing to Claimants’ expectations. Accordingly, Claimants have made various allegations and legal claims related to suitability and due diligence with respect to the DST. Allegations also include breach of fiduciary duty, negligence, misrepresentations and omissions, failure to supervise and breach of contract.