California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Broker Misrepresentation
Brokerage Firms Sued
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Are you a new client?
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Marshall Douglas Nelson Suspended for Unsuitable Recommendations to Elderly Customer, Restitution Ordered

The Financial Industry Regulatory Authority suspended Marshall Douglas Nelson for allegedly making unsuitable recommendations to a 70-year-old customer while associated with SWS Financial Services, Inc., fining Nelson $30,000 and ordering restitution of $26,543 plus interest.

FINRA Case #2010024972502

According to FINRA's findings, in June 2008 and while at SWS Financial, Nelson recommended both a low risk bond and two high risk equity holdings, which FINRA deemed speculative in nature and in contrast to the 70-year-old customer's investment objective as specified in an account form; FINRA also determined this recommendation was inconsistent with the customer's financial situations and needs.

At the time of the alleged misconduct, Nelson was under heightened supervision. Previously, in 1992, Nelson was censured, suspended and fined $20,000 after allegedly making recommendations without having reasonable grounds with which to determine their suitability.

If you have invested with Marshall Douglas Nelson or any other broker or firm whose representative recommended an unsuitable investment in relation to your specific investment objective, and this inconsistency has proven harmful to your financial interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.