Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 9, 2017 indicate that Missouri-based Moloney Securities broker/adviser Donald Boyce has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Boyce (CRD# 2504021).
Donald Boyce has spent twenty years in the securities industry and has been registered with Moloney Securities in St. Louis, Missouri since January 2017. He was previously registered with Moloney Securities in St. Louis, Missouri (1996-2016). He has passed three securities industry examinations: Series 6 (Investment Company Products/Variable Contracts Representative Examination), Series 7 (General Securities Representative Examination), and Series 63 (Uniform Securities Agent State Law Examination). He is a registered broker and investment adviser with two US states: Missouri and Utah.
According to his BrokerCheck report, Donald Boyce has received one customer complaint.
In 2012 the children of a deceased customer alleged that Donald Boyce, while employed at Boyce Securities, recommended unsuitable investments and executed unauthorized transactions involving exchange-traded fund products. The complaint settled for $126,000.
Exchange traded funds (ETFs) are a popular way for investors to diversify their holdings. They include a portfolio of shares that track market indices like the Dow Jones, though some may only follow a certain segment of the market, like the energy or pharmaceutical sectors. If one of those particular indexes is performing well, the corresponding exchange traded fund will mirror that trend. It will also parallel a downward trend, unfortunately, and significant losses may result for people who have invested in it. Investment professionals who recommend unsuitable ETFs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding Donald Boyce, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.