Who are John Dobbertin & Charles Darrow? | Lexington Financial & American Portfolios Lawsuit
Charles Darrow and John Dobbertin are partners at Lexington Financial Group in Fayetteville, New York. Since 2009, both Darrow and Dobbertin were registered brokers with the brokerage firm American Portfolios Financial Services. As of July 2019, Charles Darrow is no longer a registered broker. Currently, both John Dobbertin and Charles Darrow have pending customer disputes with allegations of “Violations of FINRA Rules 2110 and 2111, misrepresentation and omissions of material facts, and breach of fiduciary duty.” According to FINRA’s BrokerCheck, John Dobbertin has 4 Disclosures and Charles Darrow has 2 Disclosures.
Peiffer Wolf Carr & Kane is currently investigating claims against John Dobbertin and Charles Darrow of Lexington Financial and American Portfolios in Fayetteville, NY. John Dobbertin is a registered broker with American Portfolios, and as of July 2019, Charles Darrow is no longer a registered broker.
John Dobbertin and Charles Darrow are listed as partners in Lexington Financial in Fayetteville, NY. Currently, both of them have pending customer disputes for “Violations of FINRA Rules 2110 and 2111, misrepresentation and omissions of material facts, and breach of fiduciary duty.” If you were a client of John Dobbertin or Charles Darrow, Contact Us Today by calling 585-310-5140 or by filling out an online contact form for a FREE Consultation.
According to FINRA’s BrokerCheck website for Public Disclosures, Charles Darrow has been the subject of 2 disclosures.
May 6, 2019: Customer Dispute – Pending: Allegations “Violations of FINRA Rules 2110 and 2111, misrepresentation and omissions of material facts, and breach of fiduciary duty.”
June 6, 2009: Employment Separation After Allegations – Permitted to Resign: Allegations “NOT FOLLOWING LPL POLICIES AND PROCEDURES RELATIVE TO PROCESSING VARIABLE ANNUITY TRANSACTIONS.”
To review Charles Darrow’s Brokercheck report, click here: https://brokercheck.finra.org/individual/summary/2325527
Before starting at American Portfolios, Charles Darrow had worked at multiple firms over the years for various lengths of time: LPL Financial Corporation, Lincoln Financial Advisors Corporation, The Lincoln National Life Insurance Company, and Cigna Financial Advisors. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
According to FINRA’s BrokerCheck website for Public Disclosures, John Dobbertin has been the subject of 4 Disclosures.
- May 6, 2019: Customer Dispute – Pending: Allegations “Violations of FINRA Rules 2110 and 2111, misrepresentation and omissions of material facts, and breach of fiduciary duty.
- December 1, 2014: Regulatory – 6-Month Suspension, Civil and Administrative Penalties/Fines: Allegations “WITHOUT ADMITTING OR DENYING THE FINDINGS, DOBBERTIN CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT HE FAILED TO TIMELY AMEND HIS FORM U4 AND DISCLOSE IN EIGHT SUBSEQUENT FORM U4 AMENDMENTS THAT HE HAD BEEN CHARGED WITH A FELONY OFFENSE. THE FINDINGS ALSO STATED THAT DOBBERTIN FAILED TO TIMELY AMEND HIS FORM U4 AND DISCLOSE IN SUBSEQUENT FORM U4 AMENDMENTS TWO UNSATISFIED FEDERAL TAX LIENS.
- June 30, 2010: Criminal Tax Fraud in the 4th – Dismissed; Repeated Failure to File Taxes – Reduced to Criminal Tax Fraud in the 5th: Pled Guilty.
- June 23, 2009: Employment Separation After Allegations – Permitted to Resign: Allegations “NOT FOLLOWING LPL POLICIES AND PROCEDURES RELATIVE TO PROCESSING VARIABLE ANNUITY TRANSACTIONS.
To review John Dobbertin’s Brokercheck report, click here: https://brokercheck.finra.org/individual/summary/3254308
Before starting at American Portfolios, John Dobbertin had worked at multiple firms over the years for various lengths of time: LPL Financial Corporation, Lincoln Financial Advisors, and The Lincoln National Life Insurance Company. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
John Dobbertin & Charles Darrow | Lexington Financial & American Portfolios Lawsuit
Based on our experience, we believe that there are more investors who have been the victim of John Dobbertin’s and Charles Darrow’s alleged broker misconduct and investment fraud. If you invested with John Dobbertin or Chalres Darrow of Lexington Financial, you should contact Peiffer Wolf Carr & Kane immediately for a FREE Consultation.
Peiffer Wolf Carr & Kane is currently investigating John Dobbertin’s and Charles Darrow’s practices, as well as the products they recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140.
FREE CONSULTATION | 585-310-5140
If you believe you were a victim ofinvestment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr & Kane has represented thousands of victims, and we remain committed to fighting on behalf of investors. We focus on identifying parties that are not only liable but have the financial ability to compensate victimized investors. Our goal is to put money back into our clients’ pockets.
Contact Peiffer Wolf Carr & Kane today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
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