Can I recover losses from investments with former JPMorgan Chase Bank, N.A. broker Robert Douglass (CRD# 4262487), who is accused of recommending unsuitable private placements? Robert Douglass has been registered with Arkadios Capital in Atlanta, Georgia since November 2021. Previously, Robert Douglass was registered with JPMorgan Chase Bank, N.A. in Atlanta, Georgia from 2014 to 2021, when he was terminated regarding, “Registered Rep was terminated for executing investment purchases without first obtaining the customer’s permission; and for obtaining a customer’s on-line login information to confirm the customer’s account balances. The RR states he did so at the insistence of the customer. No known customer harm at the time of filing.”
Robert Douglass Customer Complaints
Robert Douglass has been the subject of one customer complaint, according to his CRD report:
May 2021. “Claimant, through Power of Attorney, alleges the registered rep recommended an unsuitable investment. Activity dates 2008-2021.” The customer is seeking $900,000 in damages and the case is currently pending. The complaint was regarding private placements and took place while Robert Douglass was registered with JPMorgan Chase Bank, N.A.
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, JPMorgan Chase Bank, N.A. may be liable for investment or other losses suffered by Robert Douglass’ 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.