Former Umpqua Investments, Inc. broker Donald Peabody (CRD# 2175218) is accused of unsuitable investment recommendations. He has been registered with Osaic Wealth, Inc. in Coos Bay, Oregon, since 2023. He was registered with FSC Securities Corporation in Coos Bay, Oregon, from 2021 to 2023, and Umpqua Investments, Inc. in Coos Bay, Oregon, from 2007 to 2021.
Donald Peabody Customer Complaints
He has been the subject of four customer complaints between 2000 and 2024, two of which were denied, according to his CRD report. The most recent complaint was regarding:
July 2024. “Per UMPQUA Investments, Inc. filing, claimant alleges Peabody made unsuitable investment recommendations concerning a real estate investment.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding real estate security options, and it took place while he was registered with Umpqua Investments, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Umpqua Investments, Inc. may be liable for investment or other losses suffered by Donald Peabody’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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