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Eric Duncan is a broker and investment advisor registered with Moloney Securities and their corresponding investment advisory firm, Moloney Securities Asset Management. He is the CEO of Team Duncan. According to FINRA’s BrokerCheck, Eric Duncan is the subject of 1 regulatory disclosure.
Peiffer Wolf is currently investigating claims against Eric Duncan of Moloney Securities for his recommendation of GWG and potentially other alternative investments. If you’ve invested with Eric Duncan, Contact Us by calling 585-310-5140 or by filling out an online Contact Form for a FREE Consultation.
Eric Duncan | Moloney Securities & Team Duncan
According to FINRA’s BrokerCheck, Eric Duncan is the subject of 1 Regulatory Disclosure:
- May 2022 – Customer Dispute; Pending. Amount requested: $1,331,000.00. Allegations: Suitability/Negligence
Peiffer Wolf is actively investigating Eric Duncan for his alleged recommendation of GWG L Bonds.
GWG L Bonds were created and issued by GWG Holdings:
“Highly speculative, the L bond sought to provide a high yield for the bondholder in exchange for the risk that insurance policy premiums or benefits may not be paid. [They] were highly illiquid—there was no way for bondholders to resell them, except back to GWG Holdings at a redemption fee.” (Investopedia)
Illiquid investments mean investors may be stuck in the investment and unable to access their money. Moreover, many illiquid investments cannot be freely sold in the marketplace. All too often, investors trying to exit or access their money are faced with two bad options: sell the shares directly back to the sponsor at a heavily discounted price or sell the shares for pennies on the dollar through the limited secondary markets.
Prior to Moloney Securities, Eric Duncan was registered with E*Trade Securities, E*Trade Advisory Services, Quick & Reilly, and Stifel, Nicolaus & Company.
To review Eric Duncan’s Brokercheck report, click here:
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Brokercheck®️ report
Information about this broker was obtained from FINRA’s BrokerCheck on July 6, 2022. You should always review the broker’s BrokerCheck report for updated information. If you believe some of the content on this page does not reflect the report, contact us.
Eric Duncan Client?
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.
Based on our experience, we believe that there are investors who may have been the victims of Eric Duncan’s alleged broker misconduct and investment fraud, especially in relation to recommendations to invest in GWG. If you invested with Eric Duncan of Moloney Securities and Team Duncan, contact Peiffer Wolf immediately for a FREE Consultation: 585-310-5140.
FREE Consultation | 585-310-5140
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Peiffer Wolf is currently investigating Eric Duncan’s practices, as well as the products he 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.
