Last Updated: September 2023 (Margate, New Jersey)
Francis Dougherty Investigation Summary
Here’s what you need to know about Margate, NJ, stockbroker Francis Dougherty:
- Name: Mr. Francis Joseph Dougherty
- Current Employer: Pruco Securities dba Dougherty Financial Group
- Previous Firms: BCG Securities, Voya Financial Advisors, LPL Financial
- Function: Stock Broker/ Financial Advisor
- Aliases: Francis Dougherty
- Primary Location: Margate, NJ
- CRD 4821828
- Can Francis Dougherty be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $140,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Francis Dougherty As Your Stockbroker?
In 12/2021 a customer of LPL Financial was paid $140,000 to resolve a FINRA arbitration alleging that Francis Dougherty made unsuitable recommendations to invest in alternative investments which caused significant losses.
Allegations of Broker Misconduct Against Francis Dougherty
A customer of Francis Dougherty alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in alternative investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
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 Francis Dougherty, 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.
