Thurston Springer Financial Tag Archives

There are Recent Customer Complaints with Broker Kevin Mcdougall in Firm Thurston Springer Financial

April 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kevin Mcdougall (Mcdougall), currently associated with Thurston Springer Financial, has at least one disclosable event. These events include one customer complaint, alleging that Mcdougall recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 28, 2025.

Breached the terms and conditions and its agreements with clients. Violates federal and state securities statutes. Violation of fiduciary duties. Is liable for the intentional and negligible misrepresentation of material facts.

There are Recent Customer Complaints with Broker Donald Woods in Firm Thurston Springer Financial

March 1, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Woods (Woods), previously associated with Thurston Springer Financial, has at least one disclosable event. These events include one customer complaint, alleging that Woods recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on October 31, 2024.

Customer alleges that investments made were unsuitable for the customer’s investment objectives and risk tolerance. Timeframe: 2013 – 2014.

Donald Woods Has Customer Complaints Over Alternative and Real Estate Investments

October 4, 2018 | by Staff Attorney

Former Thurston Springer Financial (Thurston Springer) advisor Donald Woods (Woods) has been subject to at least five customer complaints and one bankruptcy. According to a BrokerCheck report many of the customer complaints concern variable annuities or alternative investments and direct participation products (DPPs) such as non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and equipment leasing programs. The attorneys at Gana Weinstein LLP have extensive experience handling investor losses caused by these types of products.

In August 2018 Woods filed for bankruptcy. A broker’s inability to manage their own finances is material information to investors in considering whether or not to use that person for financial advice. In addition, financial distress may cause an advisor to have a conflict of interest and recommend investments for their own profit rather than their client’s best interests.

The most recent complaint was filed in August 2018 excessive selling of variable annuities, misrepresentations, and failing to disclose material facts. The complaint alleges $153,554 in damages and is currently pending.