May 28, 2024 | By Robert Pearce | Read Time: 2 minutes |

DID LORRAINE MARIE GALLETTE CAUSE YOU INVESTMENT LOSSES?

Lorraine Gallette Formerly With Moloney Securities Co. Inc. and Coastal Equities, Inc. Has 12 Customer Complaints For Alleged Broker Misconduct

Lorraine Gallette Customer Complaints and Reviews

  • Customer Disputes: 12 disputes in total, with 7 pending and 5 settled.
  • Settled Disputes:
  • 1st Dispute: Alleged unsuitable direct investment recommendations. Settled for $215,000.
  • 2nd Dispute: Claimant sought $100,000, alleging unsuitable investments. Settled for $15,000.
  • 3rd Dispute: Alleged unsuitable recommendations for direct investments, resulting in a settlement of $72,500.
  • 4th Dispute: Claimed Coastal Equities failed to conduct adequate due diligence and made unsuitable investment recommendations between 2016 and 2020. Settled for $159,000.
  • 5th Dispute: Similar allegations involving lack of due diligence and unsuitable investment recommendations between 2013 and 2020. Settled for $463,000.
  • Pending Disputes:
  • 1st Dispute: Alleging unsuitable alternative investments (unspecified damages).
  • 2nd Dispute: Unsuitable alternative investments sought at $75,000.
  • 3rd Dispute: Suitability/negligence involving debt-corporate products, alleged damages of $236,000.
  • 4th Dispute: Unspecified damages for unsuitable recommendations in alternative investments.
  • 5th Dispute: Alleging inadequate due diligence and unsuitable investments in alternative products ($236,000).
  • 6th Dispute: Claims unsuitable direct investment recommendations ($370,000).
  • 7th Dispute: Unsuitable recommendations in direct investments, seeking $400,000.

Allegations Against Lorraine Gallette

  • The disputes predominantly allege unsuitable investment recommendations in various direct and alternative investment products. Some cases additionally involve accusations of inadequate due diligence.

Lorraine Gallette Red Flags & Your Rights As An Investor

Of course, Lorraine Gallette did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Lorraine Gallette at Moloney Securities Co. Inc. and Coastal Equities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Lorraine Gallette has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Moloney Securities Co. Inc. and Coastal Equities, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

best investment fraud lawyers

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Moloney Securities Co. Inc. Due To Lorraine Gallette

 If you have questions about Moloney Securities Co. Inc., Coastal Equities, Inc. and/or Lorraine Gallette and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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