DOUGLAS P. DUERR is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 150 RIVER ROAD, MONTVILLE, NJ, 07045.
DOUGLAS P. DUERR has worked at LPL FINANCIAL LLC since December 02, 2011
Disclosure History
DOUGLAS P. DUERR has 1 Disclosure Event(s).
Date: March 16, 2015 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT REIT INVESTMENTS IN MARCH 2013 WERE UNSUITABLE AND REQUESTED REIMBURSEMENT OF $25,000. Damage Amount Requested: $25,000.00 Broker Comment: FIRM HAD DENIED COMPLAINT. AFTER COMPLETE DISCLOSURE AND DISCUSSION, CUSTOMER AGREED TO ALLOCATE A PORTION OF HIS INVESTMENTS TO REITS FOR PURPOSE OF DIVERSIFICATION, AND AGREED TO AN INVESTMENT TIME HORIZON OF 5-10 YEARS. BASED ON CURRENT VALUATIONS, AND INCLUDING THE VALUE OF DISTRIBUTIONS RECEIVED, THE INVESTMENTS HAVE EXPERIENCED AN INCREASE IN VALUE OF APPROXIMATELY $9,900, SO THERE IS NO BASIS FOR THE CLAIM THAT $25,000 IN LOSSES HAD OCCURRED.
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