Last Updated: March 2024 (Conshohocken/ Blue Bell, PA)
John Dougherty Investigation Summary
Here’s what you need to know about Conshohocken/ Blue Bell, PA, stockbroker John Dougherty:
- Name: Mr. John Aloysius Dougherty
- Current Employer: FINRA has barred this individual from acting as a broker or otherwise associating with a broker dealer firm.
- DBA: Gladstone Wealth Partners
- Previous Firms: LPL Financial, Wells Fargo Clearing, Merrill Lynch
- Function: Stock Broker/ Financial Advisor
- Aliases: Jack Dougherty, John A. Dougherty
- Primary Location: Conshohocken, PA
- CRD 3018615
- Can John Dougherty be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Discharged by a prior employer: Yes
- Pending Customer Dispute involving Private Placement Seeks Damages of Currently Unspecified Amount
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Dougherty As Your Stockbroker?
On 11/28/2023 FINRA permanently barred John Dougherty from associating with any FINRA member in any capacity. See Letter of Acceptance, Waiver and Consent No. 2023077908201 (AWC). In the AWC FINRA alleges that Dougherty violated FINRA Rules 8210 and 2010 by failing to provide information and documents requested in connection with FINRA’s investigation into whether Dougherty engaged in undisclosed outside business activities in private securities transactions.
In 2023 a customer of LPL Financial/Well Fargo filed suit against Dougherty in Richland Co., South Carolina Court of Common Pleas alleging that Dougherty recommended a wealth management strategy which was inappropriate for his investment objectives and risk tolerance. The customer seeks damages in a currently unspecified amount.
LPL Financial discharged John Dougherty in 7/2023 for engaging in outside business activity without Firm approval.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against John Dougherty
A customer of John Dougherty has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Recommendation to invest in high risk investments
- Failed to provide documentation and disclosures
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
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
[LEARN MORE]: Investigation of LPL Financial and LPL Brokers
If you have suffered investment losses in an account handled by John Dougherty, contact us for a complimentary consultation with an experienced 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.
