Last Updated: October 2023 (New York, NY)
Douglas Magnuson Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Douglas Magnuson:
- Name: Mr. Douglas Wayne Magnuson
- Current Employer: Four Points Capital Partners LLC & Four Points Advisors (RIA)
- Previous Firms: DPEC Capital Inc.
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Douglas Magnuson
- Primary Location: New York, NY
- CRD 2592996
- Can Douglas Magnuson be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement : $10,000
- Pending Customer Dispute Seeks Damages of $316,770
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Douglas Magnuson As Your Stockbroker?
In 2/2023 a customer of Four Points Capital filed a FINRA arbitration alleging that Douglas Magnuson mismanaged his account and caused losses of $316,770. This matter is currently pending.
Early in his career, in 1998 Douglas Magnuson was censured and fined $10,000 by the NASD (predecessor of FINRA) to resolve allegations that he traded a customer account without authority and made misrepresentations.
Allegations of Broker Misconduct Against Douglas Magnuson
Customers of Douglas Magnuson have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Unauthorized Trading
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Douglas Magnuson, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
