July 2018- Corpus Christi, Texas
The FINRA records of Charles L. Doraine , a stock broker who is employed by NEXT Financial Group , disclose a prior regulatory matter, a pending customer dispute and 4 prior customer disputes.
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.
In NASD Case 5-2963, a customer of Doraine’s prior employer Merrill Lynch alleged that he made unauthorized trades and churned their account. That matter was settled for $400,000.
In NASD Case 1-6460 a customer of Merrill Lynch alleged churning and unsuitable recommendations. The case was settled for $350,000.
In the currently pending matter, FINRA Case 18-1554, a customer of NEXT Financial alleges that from October 2012-2017 Doraine made in and out mutual fund trades that were unsuitable for a low risk tolerance account. Damages of $2.5 million are sought.
Doraine has been employed by NEXT Financial Group since 3/2007. He lists business affiliations with Doraine Wealth Management, Doraine Global Media, and KFP NE$T Egg.
If you have losses in an account handled by Charles Doraine, call for a no charge consultation to learn about your options for recovery of damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900