Public records indicate that the conduct complained of by Israels & Neuman's clients is not an isolated incident. According to FINRA's BrokerCheck system, there are four other pending customer complaints involving Simanski, which allege aggregate damages in excess of $400,000.00.
The attorneys at Israels & Neuman believe that there are other victims of Doug Simanski who have yet to come forward. In response, Israels & Neuman has launched an independent investigation into losses associated with Simanski's conduct. Israels & Neuman reminds investors that financial advisors have a duty to put a client's best interest before their own and to follow all laws and regulations related to securities. If an advisor misappropriates money from his client's accounts, their employing brokerage firm could be liable for investor losses. Israels & Neuman has extensive experience in representing investors who have been defrauded by brokers, including in theft and Ponzi scheme cases. Its attorneys represent investors in FINRA arbitration proceedings in all 50 states, including central and western Pennsylvania, and are standing by ready to discuss recovery options with Simanski victims.
If you invested money with Doug Simanski and have suffered losses, please call us at (720) 599-3505 or (206) 795-5798 for a free evaluation of your case or visit us at www.israelsneuman.com.
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SOURCE Israels & Neuman, PLC