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Team Duncan’s Amy L. Duncan: $1.3mm Investor Complaint
Denver financial advisor Amy L. Duncan (CRD# 4193765) has received an investor complaint alleging more than $1 million in damages. Financial Industry Regulatory Authority records show that she is a representative of Moloney Financial Services, doing business as Team Duncan Financial.
Ms. Duncan’s BrokerCheck report discloses one pending investor complaint against her. Filed in May 2022, it alleges she recommended unsuitable corporate bond investments and acted negligently between 2015 and 2021. The pending complaint alleges damages of $1,331,000. In a comment on the complaint’s disclosure, she wrote: “I refute the allegations of the claims.”
FINRA rules mandate that financial advisors like Amy L. Duncan must recommend only investments and investment strategies that meet a standard called suitability for their clients. The suitability standard, which is outlined by FINRA Rule 2111, describes the need for brokers to “have a reasonable basis to believe that a recommended transaction or investment strategy” is appropriate for a customer’s investment profile, which includes their age, financial situation, liquidity needs, risk tolerance, and other concerns. They must have a reasonable basis to believe the recommendation is suitable for at least some investors and that it is reasonable for the individual customer they’re dealing with. In cases involving a series of transactions where the broker has actual or de facto control over the customer’s account, they must also have a reasonable basis to believe that the series of transactions, “even if suitable when viewed in isolation, is not excessive and unsuitable for the customer.”
According to the Financial Industry Regulatory Authority, Amy L. Duncan holds 21 years of securities industry experience. Based in Denver, Colorado, she has been a representative of Moloney Securities since 2005, doing business as Team Duncan Financial. Her past registrations include Stifel Nicolaus & Company, American Express Financial Advisors, and IDS Life Insurance Company. Her credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. She is licensed in Alaska, Arizona, California, Colorado, Florida, Kansas, Texas, and Vermont. (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.