Close Menu
Free Consultation: 888-976-6111

$220K Investor Complaint Against McDonough Advisor Peter Dorn

An investor complaint against Cape Securities financial advisor Peter Dorn (CRD# 1089858) alleges that he recommended unsuitable speculative investments. Financial Industry Regulatory Authority records show that he is a broker based in McDonough, Georgia, having previously been registered with Wall Street Strategies in West Des Moines, Iowa.

Mr. Dorn’s BrokerCheck report discloses one pending investor complaint against him. Filed in March 2022, it alleges that as a representative of Cape Securities, he engaged in negligence, made unsuitable investment recommendations, committed securities fraud, breached his fiduciary duty, failed in his supervisory obligations, breached contract, and made fraudulent misrepresentations and omissions in relation to allegedly speculative investments in an entity that “sought to acquire and operate automotive dealerships and another whose portfolio consists of viatical life insurance and real estate assets.” The pending complaint alleges damages of $220,000.

In addition to the pending complaint, Mr. Dorn’s BrokerCheck report includes an earlier complaint that settled. Filed in 2010, it alleged breach of fiduciary duty, unsuitability, supervisory failures, misrepresentations, and lack of due diligence related to an investment in tenant-in-common properties. The complaint reached a settlement of $41,250.

According to his BrokerCheck report, Peter Dorn holds 39 years of securities industry experience. Based in McDonough, Georgia, he has been a broker with Cape Securities since 2017. His past registrations include Wall Street Strategies (West Des Moines, Iowa; 2013-2017), Richfield Orion International (Castle Rock, Colorado; 2012), Berthel Fisher & Company (Clive, Iowa; 2003-2010), Broker Dealer Financial Services (West Des Moines, Iowa; 2002-2003), Berthel Fisher & Company Financial Services (Cedar Rapids, Iowa; 1992-2002), John G. Kinnard & Company (Minneapolis, Minnesota; 1991-1992)), R.G. Dickinson & Company, Painewebber, and Merrill Lynch. His credentials include the passage of six securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Interest Rate Options Examination, or Series 5; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the National Commodity Futures Examination, or Series 3. He is licensed in Arizona, California, Colorado, Florida, Indiana, Iowa, Montana, Nebraska, Texas, and Wisconsin. (Information current as of June 7, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Morgan Stanley Advisor Scott Schlett Faces $400K Complaint

    Scott Schlett (CRD# 2111952), a financial advisor based in Paramus, New Jersey, recently received an investor complaint alleging his conduct...

    Read More
  • Spartan Advisor Michael Russo: Complaints Allege Misconduct

    Garden City financial advisor Michael Russo (CRD# 3072489) has been involved in investor complaints alleging unsuitable recommendations, churning, and other...

    Read More
  • Fred Chen: $100K Complaint Against Emerson Equity Advisor

    Irvine, California financial advisor Fred Chen (CRD# 5766069) allegedly recommended unsuitable investments and engaged in other violations of FINRA rules,...

    Read More
  • Cetera Advisor Enkofi John Faces Forgery Complaint

    Westbury, New York financial advisor Enkofi John (CRD# 6175076) recently received an investor complaint alleging his conduct resulted in damages....

    Read More
  • Previous
  • Next