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Broker Doreen Weber: Complaint for Selling Away

Doreen WeberThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against former Minnesota-based Capital Quest Securities broker/adviser Doreen Weber, also known as Doreen Tyler Strand and Doreen Lea Strand (CRD# 1368639).

Doreen Weber has spent 29 years in the securities industry and was most recently registered with Capital Quest Securities in Forest Lake, Minnesota (2010). Previous registrations include Fintegra in Minneapolis, Minnesota (1998-2009); Miller Johnson & Kuehn in Minneapolis, Minnesota (1998); PrimeVest Financial Services in St. Cloud, Minnesota (1993-1998); Granite Investment Services in St. Cloud, Minnesota (1995-1998); Financial Network Investment Corporation in El Segundo, California (1992-1993); Marquette Financial Services (1991-1992); Citicorp Select Services in Long Island City, New York (1991); Dougherty Dawkins Strand & Yost in Minneapolis, Minnesota (1989-1991); Mabon Nugent & Company (1987-1989); and Askar Corp. (1985-1987). She is currently not registered with any state or firm.

According to her BrokerCheck report, Doreen Weber is the subject of one pending customer complaint.

In 2014 a customer alleged Doreen Weber, while employed at Fintegra, failed to supervise a registered representative who alleged made unsuitable investment recommendations and sold securities away from his/her member firm. The customer is seeking unspecified damages in the pending complaint.

According to FINRA rules and federal securities law, investment professionals like John Galinsky must abide by a standard called suitability, meaning they may only recommend investments that are considered suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokerage firms and their officers, meanwhile, have a supervisory duty to ensure that their brokers comply with these regulations. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

If you have lost money investing with Doreen Weber, also known as Doreen Tyler Strand and Doreen Lea Strand, you may be eligible to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you collect money. The law establishes a limited window to file claims, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.