Douglas Schrager: Two Customer Complaints

Douglas Schrager Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 20, 2017 indicate that Florida-based Ameriprise Financial Services broker/adviser Douglas Schrager has been the subject of customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Schrager (CRD# 1557110).

Douglas Schrager has spent thirty years in the securities industry and has been registered with Ameriprise Financial Services in Fort Lauderdale, Florida since 2012. Previous registrations include Morgan Stanley in Aventura, Florida; Morgan Stanley & Company in Aventura, Florida; Morgan Stanley DW in Aventura, Florida; Merrill Lynch in New York, New York; and Shearson Lehman Hutton in New York, New York. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 31 (Futures Managed Funds Examination); and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with fifteen US states and territories: California, Colorado, Florida, Georgia, Illinois, Maine, Massachusetts, Michigan, Missouri, New York, New Jersey, North Carolina, Ohio, Pennsylvania, and Washington.

According to his BrokerCheck report, Douglas Schrager has received two customer complaints.

In 2004 a customer alleged Douglas Schrager, while employed at Morgan Stanley, recommended unsuitable investments in mutual fund and equity listed products from mid-1999 through 2002. The complaint settled in 2005 for $55,000.

In 2002 a customer alleged Douglas Schrager, while employed at Morgan Stanley, charged excessive fees and recommended investments that suffered losses. The complaint settled for $12,500.

If you or someone you know has lost money investing with Douglas Schrager, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. 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.