Last Updated: September 2023 (North Palm Beach, FL)
Douglas Armstrong Investigation Summary
Here’s what you need to know about North Palm Beach, FL stockbroker Douglas Armstrong:
- Name: Mr. Robert Douglas Armstrong, PHD
- Current Employer: Not currently registered with FINRA- Auxol Capital LLC
- Previous Firms: Dawson James Securities, Westpark Capital, Aurora Capital
- Function: Former Stock Broker/ Financial Advisor
- Aliases: R. Douglas Armstrong PHC, R. Douglas Armstrong
- Primary Location: North Palm Beach, FL
- CRD 5236735
- Can R. Douglas Armstrong be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement :$265,000
- Pending Customer Dispute: Yes, Customer seeking damages of $2.3 million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Douglas Armstrong As Your Stockbroker?
In 6/2021 a customer of Dawson James filed a FINRA arbitration alleging that R. Douglas Armstrong failed to sell shares in a penny stock (HCMC) causing damages in excess of $2,330,000. This matter is currently pending.
Douglas Armstrong has 7 prior customer disputes that were settled with cash payments, including the following:
In 11/2021 a customer of Dawson James was paid $123,000 to resolve allegations that R. Douglas Armstrong made material misrepresentations and unsuitable recommendations and failed to invest the account prudently.
In 8/2019 a customer of Dawson James was paid $265,000 to settle a FINRA arbitration alleging that Armstrong made misrepresentations and promissory statements in regard to an unsuitable private placement investment.
Allegations of Broker Misconduct Against Douglas Armstrong
Customers of R. Douglas Armstrong have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Misrepresentations and promissory statements
- Failed to execute the sale of a penny stock
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
Rex Securities Law Investment Fraud Attorney Investigates Dawson James Securities
If you have suffered investment losses in an account handled by R. Douglas Armstrong, 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.
