Stoltmann Law Offices is investigating Al T. Doherty, a former registered representative with Multi-Financial Securities Corporation (MSFC). Doherty recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). It is alleged that Doherty borrowed $50,000 from one of his 70-year old customers. The loan was not documented and Doherty did not repay it. For this, he was suspended from the industry for four months and fined $5,000.
Al T. Doherty was registered with Baraban Securities in Los Angeles, California from June 1987 until April 1989, Golden Bay Securities from July 1989 until November 1990, Charles Schwab & Co. in San Francisco from January 1992 until February 1996, BA Investment Services in Oakland, California from July 1997 until July 1998, Merrill Lynch in Castro Valley, California from September 1998 until February 2006, Multi-Financial Securities Corp in Dublin, California from February 2006 until September 2009, White Pacific Securities in San Francisco from February 2010 until October 2010, Internet Securities in Oakland, California from October 2009 until October 2010 and Citigroup Global Markets in Orinda, California from October 2010 until September 2013. He has two customer disputes against him. He is not currently licensed within the industry, according to his FINRA BrokerCheck report.
If you invested money with Al T. Doherty, and suffered losses, his former firm, MSFC, may be responsible for your losses. Please call our Chicago-based securities law firm at 312-332-4200 to speak to an attorney about bringing a claim against MSFC. The call is free with no obligation. We sue firms in the FINRA arbitration forum to recover financial losses for investors.