Lee Duckworth (CRD #: 2097591), a broker registered with Triad Advisors LLC and an investment advisor registered with Capital Wealth Management LLC, is facing investor complaints regarding unsuitable investments, according to his BrokerCheck record, accessed on August 21, 2020. Do you want to know more about Lee Duckworth’s work as a broker? Read on to learn more.
On July 8, 2020, a customer alleged that Lee Duckworth made unsuitable investment recommendations. The dispute is pending.
On June 9, 2020, a customer alleged that Lee Duckworth made unsuitable investment recommendations between 2012 and 2015.
On March 17, 2020, a customer alleged that Lee Duckworth made unsuitable investment recommendations. The customer is seeking $150,000; the dispute is pending.
How do you know if your broker made unsuitable investment recommendations? For an investment to meet FINRA suitability requirements, the broker must conduct due diligence to understand the nature of the investment or strategy. This rule also requires that the investment suit the client’s individual needs, which take into account factors like age and risk tolerance. You can read more about FINRA’s Rule 2111 here.
Lee Duckworth has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 22 Direct Participation Programs Representative Examination, and the Series 6 Investment Company Products /Variable Contracts Representative Examination. He is a registered broker in California, Colorado, Connecticut, D.C., Florida, Georgia, Illinois, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, and Washington. He is also a registered investment adviser in Connecticut, Louisiana, Massachusetts, New Hampshire, North Carolina, Pennsylvania, Rhode Island, and Texas.
During his 29-career in the securities industry, Lee Duckworth has worked at the following firms:
Steele Capital Management, Incorporated (CRD #: 107097)
NFP Securities, Incorporated (CRD #: 42046)
Robert W. Baird & Co. Incorporated (CRD #: 8158)
Northwestern Mutual Investment Services, Incorporated (CRD #: 2881)
If Lee Duckworth was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for your free case consultation with a securities attorney.