FINRA

Without admitting or denying the findings, Dougherty consented to the sanction and to the entry of findings that he failed to provide information and documents requested by FINRA in connection to its examination into whether Dougherty engaged in undisclosed outside business activities and private securities transactions.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All capacities

Indefinite

12/1/2023

LPL FINANCIAL LLC

Discharged

Engaged in outside business activity without Firm approval. Participated in private investments without Firm approval.

Customer alleges representative recommended a wealth management strategy which was inappropriate for his investment objectives and risk tolerance, and that he allegedly incurred losses as a result of the strategy. Time period: April 2013 to October 2021.

The representative denies any wrongdoing and asserts that the allegations are without merit. The investments about which the customer complained were suitable and recommended based on the customer's objectives, goals and financial circumstances; they were purchased only after his review of the material documentation related to the investments, and following the customer's acknowledgment and acceptance of the disclosed investment risks. The representative put the customer's interest first, and will defend this matter to the fullest extent of the law.