Investigation: Douglas Simanski (Altoona, PA) of Next Financial Group

The Sonn Law Group is investigating claims related to former broker and investment advisor Douglas Simanski (FINRA CRD#: 2606998), formerly of Next Financial Group and based in Altoona, Pennsylvania. On June 10_th, 2016 Douglas Simanski was permanently barred by FINRA for failing to provide documents and information as requested by FINRA Enforcement staff.

If you’ve worked with former investment advisor Douglas Simanski when he was with Next Financial Group, and you suffered significant losses as a result, Sonn Law Group is interested in speaking with you immediately. Call our law office now at 305.912.3000 or fill out our short contact form to speak with a legal representative from our firm about your experience with Douglas Simanski .

Here are the complete details of FINRA’s disciplinary actions against Douglas Simanski on its website:

Initiated By – FINRA

Allegations

Without admitting or denying the findings, Simanski consented to the sanction and to the entry of findings that he failed to provide documents and information as requested by FINRA Enforcement staff.

The findings stated that Enforcement staff sent Simanski a letter requesting that he provide documents and information related to an investigation into allegations for conversion of funds, and Enforcement staff subsequently granted an extension of time for him to respond to the request letter.

The findings also stated that Enforcement staff sent Simanski another letter requesting that he provide the previously requested documents and information, and he did not provide the requested documents and information by the specified date.

Resolution
Acceptance, Waiver & Consent (AWC)

Sanctions
Bar (Permanent)