Donald Logan – Financial Advisor/Broker Donald Logan Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Donald Logan was a previously licensed financial advisor/broker with Waddell & Reed and Edward Jones. FINRA reports that Donald Logan was fined $25,000 and suspended from the securities industry for 18 months beginning in January 2019.
According To FINRA:
Donald Logan consented to the sanctions and to the entry of findings that Donald Logan exercised discretionary trading authority in customer accounts without obtaining prior written authorization from his customers or prior written approval from his member firms. The findings stated that Donald Logan executed unauthorized transactions in customer accounts without their knowledge or consent. The findings also stated that Donald Logan caused customers to sign blank or incomplete account-related forms, intending to later use them in connection with customer transactions. The findings also included that Donald Logan willfully failed to timely amend his Form U4 to disclose civil judgements, a compromise with a creditor, and never disclosed one judgement.
According to Donald Logan’s BrokerCheck Report, Donald Logan was discharged from Edward Jones in July 2015. Edward Jones alleged that Donald Logan violated the Firm’s policy regarding discretionary orders.
According to Donald Logan’s BrokerCheck Report, three customer disputes were settled alleging sales practice violations against Donald Logan. One of these customer disputes settled for $22,721.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Donald Logan and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Donald Logan’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Donald Logan and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 8/25/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.