Former Arden Hills, Minnesota financial advisor Nicholas Stovall (CRD# 5581487) was recently sanctioned and barred in connection with allegations that...
Read MoreDonald Peabody: Osaic Advisor Discloses $500K Complaint
A recent investor complaint against Coos Bay, Oregon financial advisor Donald Peabody (CRD# 2175218) alleges that his investment recommendations resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Wealth.
Mr. Peabody’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in June 2024, alleges that as a representative of Umpqua Investments, he made unsuitable recommendations in connection with a real estate investment. The pending complaint alleges damages of $500,000.
A second investor complaint, filed in 2003, alleged that as a representative of Citigroup GMI, he recommended inappropriate investments and omitted material information. The complaint reached a settlement of $1,800.
According to the Financial Industry Regulatory Authority, Donald Peabody holds 32 years of securities industry experience. Based in Coos Bay, Oregon, he has been registered as a broker and an investment advisor with Osaic Wealth since 2023. His past registrations includeFSC Securities Corporation, Umpqua Investments, Salomon Smith Barney, and Lehman Brothers. His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Florida, Massachusetts, Nevada, Oregon, Texas, Vermont, and Washington. (Information current as of August 10, 2024.)
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.
