Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 28, 2016 indicate that former Pennsylvania-based Next Financial Group broker Douglas Simanski has been permanently barred from acting as a broker. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Simanski (2606998).
Douglas Simanski has spent 21 years in the securities industry and was most recently registered with Next Financial Group in Altoona, Pennsylvania (1999-2016). He was previously registered with Advantage Capital Corporation in Atlanta, Georgia (1995-1999). He is currently not registered with any state or firm.
According to his BrokerCheck report, Douglas Simanski has been sanctioned by FINRA and received a pending customer complaint.
In June 2016, FINRA sanctioned Douglas Simanski following allegations he “failed to provide documents and information as requested by FINRA Enforcement staff” in connection to an investigation into allegations involving “conversion of funds.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In June 2016, a customer alleged Douglas Simanski, while employed at Next Financial Group, “persuaded them to invest $80,000 into a special project and funds were misappropriated.” The customer is seeking $80,000 in damages in the pending complaint.
In May 2016, Douglas Simanski was terminated from his position at Next Financial Group following allegations he “sold fictitious investments and converted the funds for his own personal use and benefit.”
If you or someone you know has lost money investing with Douglas Simanski, call the securities and investment fraud law firm 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.