EL DORADO SPRINGS, MISSOURI

Did you invest in alternative investments with financial advisor Lorraine Gallette in El Dorado Springs, Missouri? The securities and investment fraud law firm of Israels & Neuman is looking into Lorraine Gallette, an advisor formerly with Coastal Equities and Moloney Securities.

Gallette and Coastal Equities have been the subject of five customer complaints since August 2020. Each of the complaints makes allegations that she sold unsuitable investments in private placements, limited partnerships, and real estate investments. Two of the five cases have already settled.

Lorraine Gallette was licensed with Coastal Equities from July 2013 to January 2021 and with Moloney Securities from January 2021 to April 2022. She worked in El Dorado Springs, Missouri.

When financial advisors recommend investments to their customers, they must make sure the investment is suitable for the customer. A failure to do so would violate FINRA Rule 2111 and could lead to liability for the advisor and/or brokerage firm.

View Gallette, l BrokerCheck 4.18.23

If you lost money with Lorraine Gallette or Coastal Equities, please Contact Us at (206) 795-5798 for a free evaluation of your case.