Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Mcdonough (Mcdonough), previously associated with LPL Financial LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Mcdonough recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on December 23, 2020.
Claimant alleges that in 2014 the representative made unsuitable investment recommendations and concentrated claimant’s account in a non-traded, high-risk closed end fund contrary to claimant’s investment objectives.