Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Duane Pellman (Pellman), previously associated with Intercarolina Financial Services, INC., has at least 10 disclosable events. These events include 10 customer complaints, alleging that Pellman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $90,000.00 on June 20, 2024.
Claimant alleges Mr. Pellman implemented speculative and risky investment products in the claimants accounts that violated their outlined suitability guidelines and resulted in substantial financial harm. Claimant views Mr. Pellman’s actions and investment recommendations as a blatant violation of Mr. Pellman’s fiduciary duty. Time Period of May 2019 to February 2023.