Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nathaniel Donohue (Donohue), previously associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Donohue 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 $40,000.00 on April 30, 2020.
A client alleged he told the representative that he wanted a conservative, low-risk vehicle to invest some of his money. The client further alleged the representative indicated the client could receive a small return with no risk in a 6 month short term bond. The client invested and lost $40,000 of his investment due to market fluctuation and is requesting to recoup losses as he expected his money to be in a conservative, low interest vehicle.