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Zamansky LLC Investigates Claims by Customers of Financial Advisor John A. Dougherty of LPL Financial LLC in Blue Bell, PA of Possible Investment Fraud

February 24, 2023 Investigations

Our law firm is investigating claims by customers Financial Advisor John A. Dougherty (“Dougherty”) of LPL Financial LLC in Blue Bell, PA.  Until 2021, Mr. Dougherty was previously employed by Wells Fargo Clearing Services LLC.  

On January 19, 2023, one of Mr. Dougherty’s customers filed an investment fraud lawsuit in South Carolina state court alleging that he was sold unsuitable and excessively risky and reckless investments.  The customer alleged that Mr. Dougherty over-leveraged his investments with a $5 million securities-based credit line causing large losses when the stock market crashed in March 2020.  Then, to recover the losses, the customer alleged that Mr. Dougherty frantically traded precious metal stocks and ETFs and took a large position in Jamaica Cures, a marijuana stock, for which Mr. Dougherty served as a director and had himself personally invested.  This investment fraud, the customer alleges, cause him millions of dollars of losses.

If you were a customer of Mr. Dougherty, you may wish to have your brokerage accounts reviewed for possible investment fraud. The activity alleged in the lawsuit of over-leveraging with a securities-based credit line, frantic trading, and investing in precious metal and marijuana stocks is highly speculative investing that is ripe for abuse and investment fraud.  If you notice any of this type of investing in your account, and you are not a highly aggressive investor, you may wish to have your account reviewed for investment fraud.

What Can an Investor Do? Reach Out to Investment Fraud Attorney Jake Zamansky

If you are a client of Mr. Dougherty who has suffered a loss, please call investment fraud attorney Jake Zamansky at (212) 742-1414 or email for a free evaluation of your potential legal rights.

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Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

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