Howard Jeffrey Douglas, of Woodbury, New York, a stockbroker registered with Equitable Advisors LLC, was the subject of a customer initiated investment related complaint filed on September 27, 2023, in which the customer requested compensatory damages based upon allegations that Douglas made the unsuitable investment recommendation of in variable annuities when Douglas was associated with Equitable Advisors LLC. The complaint was denied on October 19, 2023.
Douglas was associated with Equitable Advisors LLC in Woodbury, New York from June 1, 2005, to December 7, 2021. On November 30, 2021, according to FINRA Public Disclosure, Equitable Advisors LLC permitted Douglas to resign based upon allegations that Douglas engaged in trading within an investment advisory account and claimed to have conducted an annual review of that account after the customer was deceased.
Douglas was associated with APS Wealth Management LLC in Melville, New York from December 7, 2021, to January 7, 2022. He has been associated with American Portfolios Financial Services Inc. in Holbrook, New York as a stockbroker since February 8, 2022, and with American Portfolios Advisors Inc. in Holbrook, New York as an investment advisor representative since February 7, 2022.
