There are options for clients of McDermott Investment Services, LLC broker Julienne Riddell (CRD# 5682274) who suffered losses due to investments in Delaware Statutory Trust (DSTs) real estate securities. He has been registered with McDermott Investment Services, LLC in Sarasota, Florida, from 2019 to 2024, and Sandlapper Securities, LLC in Greenville, South Carolina, from 2017 to 2019. He was registered with Concorde Investment Services, LLC in Sarasota, Florida, from 2014 to 2017.
Julienne Riddell Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2026. “Claimants, experienced real estate investors, purchased a Delaware Statutory Trust in August 2022, as part of a tax advantaged 1031 exchanges of their prior real estate investments. Due to circumstances well beyond broker-dealer’s control, the DST is not performing to Claimants’ expectations. Accordingly, Claimant has made various allegations and legal claims related to suitability and due diligence with respect to the DST. Allegations also include breach of fiduciary duty, negligence, misrepresentations and omissions, failure to supervise and breach of contract.” The customer is seeking $227,000 in damages, and the case is currently pending. The complaint took place while he was registered with McDermott Investment Services, LLC.
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, McDermott Investment Services, LLC may be liable for investment or other losses suffered by Julienne Riddell’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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