Damian Marlon Bell, of Daphne, Alabama, a stockbroker currently registered with WFG Investments, Inc., has been named in a customer initiated investment related arbitration claim on January 19, 2017, in which the customer requested $1,000,000.00 in damages based upon allegations that Bell made misrepresentations and omissions to customers concerning private placements, and failed to adequately conduct due diligence of the investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bell has been identified in four additional customer initiated investment related disputes containing allegations of Bell’s misconduct while employed with GunnAllen Financial, Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Specifically, on August 4, 2003, a customer filed an investment related written complaint regarding Bell’s activities, based upon allegations that Bell overconcentrated the customer’s investment portfolio and effected mutual fund transactions which were not suitable for the customer.
On October 17, 2006, a customer initiated investment related arbitration claim involving Bell’s conduct was settled for $40,000.00 in damages based upon allegations that Bell made unsuitable investment recommendations concerning mutual fund investments, and omitted information from the customer about fees assessed in the customer’s account.
On March 22, 2012, a customer filed an investment related written complaint regarding Bell’s activities, in which the customer requested $45,000.00 in damages based upon allegations that Bell made misrepresentations to the customer concerning a fixed annuity and two real estate investment trust products. Moreover, on December 5, 2016, a customer initiated investment related arbitration claim involving Bell’s conduct was settled for $250,000.00 in damages based upon allegations that Bell failed to conduct adequate due diligence concerning a Servergy private placement investment, breached his fiduciary duties to the customer, and made misrepresentations and unsuitable investment recommendations to the customer.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com.
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