Nathan Paul Macdonald, Broker with Cetera Advisors, Facing Pending Customer Dispute Alleging Unsuitable Investment Recommendations

INVESTORS: Cetera Advisors broker Nathan Paul Macdonald is facing a pending customer dispute alleging unsuitable investment recommendations.


Nathan Paul Macdonald (CRD:2250393) is registered as a broker and investment adviser with Cetera Advisors, where he’s been employed since 2016. Macdonald was previously registered as a broker and investment adviser with Investors Capital from 2002 until 2016.

Macdonald has two disclosures on his BrokerCheck report.

November 2021 Customer Dispute

Status: Pending

Allegations: Claimant alleges that the registered rep did not properly discuss a diversified portfolio and recommended unsuitable alternative investments, such as REITs and private placement investments.

Damage Amount Requested: $100,000.00

May 2018 Customer Dispute

Status: Settled

Allegations: Suitability of investments made in 2015.

Damage Amount Requested: $22,358.16

Settlement Amount: $9,000.00

Broker Comment: I deny the client’s allegations as I provided all material information to the client and they fully understood the products prior to their purchase. The portfolio decline was the result of their decision to leave the product early against my advice. I agreed to the settlement as a business decision but still maintain this was a suitable investment and the client’s misguided actions resulted in losses.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Nathan Paul Macdonald. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.


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