Donald Kartoon is a California based securities broker. He has worked in the securities industry for forty-four years. During his career, he has been registered with eight different securities firms.
His registrations include; Merrill Lynch (1970-1977), Drexel Burnham Lambert Incorporated (1981-1989), Oppenheimer & Co. (1989-1994), Salomon Smith Barney (1994-2001), Prudential Securities (2001-2003), Wells Fargo Advisors (2003-2010), Morgan Stanley (2010-2017), and Hilltop Securities (2017-Present).
Donald Kartoon’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In December 1994, a customer alleged unsuitability. This case was settled for $36,604 in damages.
In November 1995, a customer alleged misrepresentation and unsuitability. This case was settled for $13,599 in damages.
In April 2001, a customer alleged excessive trading, breach of fiduciary duty, and negligence. This case was settled for $262,500 in damages.
In March 2008, a customer alleged the details of his Auction Rate Security had been misrepresented to him by Donald Kartoon. This case was settled for $250,000 in damages.
In April 2008, a customer alleged that Donald Kartoon failed to follow instructions and made unsuitable investments in Auction Rate Securities. This case was settled for $475,000 in damages.
In October 2015, a customer alleged that Kartoon failed to follow instructions. This case went to arbitration where the customer was awarded $4,000 in damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Donald Kartoon, please contact Oakes & Fosher for a free and private consultation.