Mcdermott Investment Services Tag Archives

Broker Craig Fernsler in Mcdermott Investment Services, LLC Firm Has Customer Complaint

May 14, 2026 | by Staff Attorney

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.

There are Recent Customer Complaints with Broker Elliott Hill in Firm Mcdermott Investment Services, LLC

March 10, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Elliott Hill (Hill), previously associated with Mcdermott Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hill 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 $500,000.00 on January 26, 2021.

Customers allege that the firm and financial advisor failed to perform adequate due diligence in connection with a 1031 exchange recommendation in 2015 that customers invest in a Delaware Statutory Trust.

There are Recent Customer Complaints with Broker Troy Thomas in Firm Mcdermott Investment Services, LLC

October 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Troy Thomas (Thomas), currently associated with Mcdermott Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Thomas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on January 17, 2023.

[REDACTED] allege that the firm failed to conduct adequate due diligence in connection with [REDACTED]’s 2015 investment into four Delaware Statutory Trusts purchased to effect a tax-advantaged 1031 exchange of [REDACTED]’s prior real estate investments. [REDACTED] also allege that these investments were unsuitable. Allegations also include breach of fiduciary duty, negligence, common law fraud, and failure to supervise.