Unsuitable Investment Recommendations by LPL Financial LLC Broker Duncan Maceachern

LPL Financial LLC

Thirty-five-year industry veteran LPL Financial LLC broker Duncan Maceachern (CRD# 1856591)is accused of unsuitable investment recommendations. He has been registered with LPL Financial LLC in Royal Oak, Michigan, since 2021. 

Duncan Maceachern Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

April 2023. “From late 2017 through 2018, the customer alleges that the Registered Representative made unsuitable recommendations of risky, illiquid investments.” The customer is seeking $800,000 in damages, and the case is currently pending. The complaint was regarding variable annuities, corporate debt, common and preferred stocks, and real estate securities. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Duncan Maceachern’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.