Former Cetera Advisors LLC Broker Justin Dolan Investment Loss Options
Posted on Thursday, June 24th, 2021 at 10:36 pm
Erez Law is currently investigating former Cetera Advisors LLC broker Justin Dolan (CRD# 4987385) regarding alternative investment losses. Dolan has been registered with Charles Schwab & Co., Inc. in St. Augustine, Florida since 2020. Previously, Dolan was registered with J. W. Cole Advisors, Inc. in St. Augustine, Florida from 2018 to 2020. Previously, Dolan was registered with LPL Financial LLC in St Augustine, Florida from August to September 2018 and prior to that with Cetera Advisors LLC in St Augustine, Florida from 2014 to 2018.
Dolan has been the subject of two customer complaints between 2014 and 2021, one of which was denied, according to his CRD report:
February 2021. “Claimants allege their assets were over concentrated in unsuitable and illiquid alternative investments.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint took place while Dolan was registered with Cetera Advisors LLC and was regarding real estate securities and business development companies (BDCs).
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, Cetera Advisors LLC may be liable for investment or other losses suffered by Dolan’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.