Richard Duncan from East Longmeadow, Massachusetts, Subject of SEC Investigation

Have you lost money with financial advisor Richard Guy Duncan, formerly of East Longmeadow, Massachusetts?  The Law Firm of Israels & Neuman is  investigating allegations made by the Securities and Exchange Commission (SEC) against Richard or “Rick” Duncan.  The SEC alleged that Duncan raised nearly $300,000 from two investors to invest in a purported investment opportunity in Turkey that was a scam.  The SEC also alleges that Duncan failed to disclose risks to the investors.

Richard or Rick Duncan was an investment advisor and representative of Ausdal Financial Partners from May 2017 to April 2019.  He also worked with Bradway Financial from 2009 to April 2017.  He worked at branch offices in Longmeadow and East Longmeadow, Massachusetts.  Duncan was also terminated by Ausdal for this conduct.

Brokerage firms like Ausdal Financial Partners 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; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration in all 50 states, including investors throughout Massachusetts.  Our firm has recovered millions of dollars for investors and all of our cases are taken on a contingent fee basis, meaning you don’t pay us unless we recover money for you.

Click to view:  Duncan, Richard SEC Complaint

Click to view:  Duncan, Richard IA Check 8.13.19

If you lost money with Richard Duncan, Ausdal Financial Partners, or Bradway Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.