Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Thomas Donahue (Donahue), currently associated with Osaic Wealth, INC., has at least one disclosable event. These events include one customer complaint, alleging that Donahue 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 $115,000.00 on April 01, 2020.
The customer alleged that the representative invested his assets in unsuitable REIT’s without his knowledge, mismanaged his mutual fund portfolio with an untimely recommendation to liquidate, made a poor recommendation to purchase an annuity with a high cost income rider, and misrepresented the risk of these investments; beginning in and around September of 2005.