Last Updated: October 2023 (The Woodlands, Texas)
Richard Deyoung Investigation Summary
Here’s what you need to know about The Woodlands, TX, stockbroker Richard Deyoung:
- Name: Mr. Richard Clarence Deyoung, Jr.
- Current Employer: LPL Financial LLC
- DBA: Highland Wealth Partners
- Previous Firms: Wells Fargo Clearing Services
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Richard Deyoung
- Primary Location: The Woodlands, TX
- CRD 863849
- Can Richard Deyoung be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $786,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Richard Deyoung As Your Stockbroker?
A customer of Wells Fargo was awarded $786,000 by a FINRA arbitration panel in 2019. The arbitration alleged that Richard Deyoung made unsuitable investment recommendations.
In 4/2020 a customer of Wells Fargo made a customer complaint alleging that Richard Deyoung executed a trade without authorization. The company denied the claim and apparently the customer has taken no further action to pursue the matter.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
They seldom, if ever, offer any resolution or if they do, will attempt to have you resolve your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Allegations of Broker Misconduct Against Richard Deyoung
Customers of Richard Deyoung have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Executed a trade without authorization
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 Richard Deyoung, 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.
