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(LPL Financial) Damian Dering: Broker Spotlight

Damian DeringPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 25th, 2016 indicate that California-based Concorde Investment Services broker/adviser Damian Dering is the subject of several settled, withdrawn or denied customer complaints. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Dering (CRD# 2854253).

Damian Dering has spent eighteen years in the securities industry and has been registered with Concorde Investment Services in Playa Del Rey, California since 2014. Previous registrations include Independent Financial Group in Los Angeles, California (2008-2014); EPlanning Securities in Los Angeles, California (2007-2008); LINSCO/Private Ledger Corporation in Henderson, Nevada (2004-2007); SunAmerica Securities in Phoenix, Arizona (2003-2004); American Express Financial Advisors in Minneapolis, Minnesota (1997-2003); and IDS Life Insurance Company in Minneapolis, Minnesota (1997-2003). He is a registered broker and investment adviser with three US states: California, Idaho, and Washington.

According to his BrokerCheck report, Damian Dering is the subject of one customer complaint, one denied customer complaint, and one withdrawn customer complaint.

In 2012 a customer alleged Damian Dering, while employed at EPlanning, misrepresented the tax-free revenue streams associated with three insurance policies. The complaint settled in 2014 for $495,000.

In 2013 a customer alleged Damian Dering, while employed at LPL Financial, recommended an unsuitable investment in tenant-in-common (TIC) interests. The customer sought $800,000 in damages in the complaint, which was withdrawn.

In 2004 a customer alleged Damian Dering, while employed at American Express Financial Advisors, made misleading statements in connection to an insurance policy purchased in 1998. The customer sought $5,000 in damages in the complaint, which was denied.

If you have lost money investing with Damian Dering, you may be able 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 a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.