Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Willard Pugh (Pugh), currently associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Pugh 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 $100,000.01 on December 22, 2021.
THE MATTER IS REPORTED BASED ON THE INFORMATION FILED BY PRIOR EMPLOYING FIRM: DAWSON JAMES SECURITIES, INC. (“DJS”). FOLLOWING IS THE EXPLANATORY SUMMARY FILED BY DJS WITH RESPECT TO THE REPORTED MATTER: “CLAIMANTS ALLEGE THAT RESPONDENT DID NOT CONDUCT A REASONABLE DUE DILIGENCE ON HIT, THAT THE RISKS OF THIS INVESTMENT WAS NOT DISCLOSED TO THEM, AND THAT THIS INVESTMENT WAS UNSUITABLE FOR THEM BECAUSE THE RISKS WERE NOT DISCLOSED TO THEM AND THIS INVESTMENT RECOMMENDATION WAS INCONSISTENT WITH THEIR INVESTMENT OBJECTIVES AND RISK TOLERANCE”