Charles Doraine, formerly with Next Financial Group, Barred by FINRA
Have you lost money with financial advisor Charles Lawrence Doraine? We are looking into allegations made about Charles Doraine from Corpus Christi, Texas. FINRA (the Financial Industry Regulatory Authority) barred Doraine from the securities industry. FINRA alleged that Doraine has failed to respond to its investigation, regarding allegations that he engaged in short-term trading in Class A share mutual funds and Puerto Rican bonds. It was also alleged that he over-concentrated his customers in Puerto Rican bonds.
Charles Lawrence Doraine was a financial advisor and registered representative of Next Financial Group from 2007 to September 2019. He worked in a branch office in Corpus Christi, Texas. Doraine was also the subject of at least seven customer complaints
Brokerage firms like Next Financial Group have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Next Financial Group.