Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Mclaughlin (Mclaughlin), previously associated with Coastal Equities, INC., has at least 6 disclosable events. These events include 6 customer complaints, alleging that Mclaughlin 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 $45,000.00 on October 01, 2021.
Representative is the subject of a claim filed against Coastal Equities, Inc., alleging damages for the value of a security recommended to the client by the representative. Claimant alleges breach of fiduciary duty, that the representative made unsuitable recommendations in the portfolio, negligent misrepresentation and omission, and principle/agent theories of liability against the firm for the acts of the representative.