Haselkorn & Thibaut Opens Investigation into Doug Dulac (Carmel, Maine), United Planners’ Financial Services of America
If you’re an investor working with Doug Dulac of Carmel, Maine—currently registered with United Planners’ Financial Services of America and also doing business as “Maine Street Insurance and Financial Services”—you may be aware of recent developments regarding complaints and settlements. Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience and a 98% success rate, has launched an independent investigation into Doug Dulac’s advisory practices. As a client-focused law firm with a “no recovery, no fee” model, we are committed to helping investors understand their rights and recover losses if you have experienced unsuitable investment recommendations or other forms of misconduct.
Background: Who is Doug Dulac?
Doug Dulac (CRD #1411702) is a financial advisor with a career spanning approximately 40 years. Based in Carmel, Maine, he has been affiliated with United Planners’ Financial Services of America since 2008. Throughout his tenure, Mr. Dulac has also operated under the name Maine Street Insurance and Financial Services, primarily focusing on life insurance, fixed annuities, and mutual funds.
He has maintained numerous professional registrations in the finance industry, having previously worked for firms such as United Securities Alliance, Royal Alliance Associates, New England Securities, and Pruco Securities. Doug Dulac holds 19 state licenses and has passed several examinations, including:
- Securities Industry Essentials Examination (SIE)
- Uniform Investment Adviser Law Examination (Series 65)
- Uniform Securities Agent State Law Examination (Series 63)
- General Securities Representative Examination (Series 7)
- Investment Company Products/Variable Contracts Representative Examination (Series 6)
- General Securities Principal Examination (Series 24)
- Investment Company Products/Variable Contracts Principal Examination (Series 26)
Summary of Disclosed Complaints
Although Doug Dulac’s record with regulatory authorities like FINRA and the SEC appears clean—without regulatory enforcement actions, criminal background, or state insurance regulatory penalties—recent customer complaints and settlements are noteworthy for any current or prospective investor.
Here is a detailed list of the most recent complaints and settlements:
| Date Filed | Allegations | Status/Outcome | Amount |
|---|---|---|---|
| 2025 (October) | Alleged unsuitable recommendation of an alternative investment as a representative of United Planners’ Financial Services of America | Settled (December 2025) | $25,000 |
| 2024 (September) | Alleged breach of fiduciary duty, unsuitable alternative investment recommendation, breach of contract (United Planners rep) | Settled (October 2025) | $30,000 |
| 2022 | Alleged unsuitable recommendations, fraud, breach of contract, negligence, violation of FINRA rules, misrepresentations and omissions of material facts, breach of fiduciary duty | Settled (2023) | $35,000 |
What Do These Complaints Mean for Investors?
While regulatory agencies may report no official findings or disciplinary actions against Doug Dulac, the settlements paid in response to investor complaints suggest that certain clients experienced significant financial harm. The allegations predominantly center on the recommendation of unsuitable alternative investments, breaches of fiduciary duty, misrepresentations or omissions, and contract violations.
Each of these claims points to foundational issues in the advisor-client relationship, particularly around suitability and the duty to act in a client’s best interest. Suitability means an advisor must only recommend investments that fit the client’s financial situation, objectives, and risk tolerance. Breaches in these areas can expose investors to losses that may have been avoidable with proper care and due diligence.
What Else Should You Know About Doug Dulac’s Record?
A comprehensive public records search reveals no FINRA arbitration filings, SEC actions, class-action suits, or criminal convictions related to Doug Dulac. The firm is not listed on the BBB with unresolved complaints, and there are no known investigative media articles regarding misconduct. Regulatory agencies in Maine and surrounding states have not issued civil or administrative penalties against Doug Dulac or his firm as of the latest public information.
For the latest details, investors can always consult FINRA BrokerCheck (CRD #1411702).
Frequently Noted Red Flags for Investors
- Multiple complaints involving suitability and breach of fiduciary duty
- Settlements paid to resolve claims of financial harm
- Allegations involving misrepresentation and omission of material facts
- Pattern of alternative investment recommendations reportedly unsuitable for some clients
If you’ve noticed any of the above red flags or have experienced unexpected investment losses, it’s important to explore your rights and consider pursuing a review by an independent party.
Your Next Steps: Get a Free, Confidential Case Review from Haselkorn & Thibaut
If you invested with Doug Dulac (Carmel, Maine) or with United Planners’ Financial Services of America and have concerns about your financial outcomes, now is the time to act. Haselkorn & Thibaut offers no-cost, confidential consultations to help determine whether you have grounds for a claim related to unsuitable investment recommendations or breaches of professional duty.
- No cost to speak with a seasoned investment fraud attorney
- No fee unless we recover funds for you
- 98% success rate, millions recovered for investors nationwide
Don’t wait—recovering your losses could be easier than you think. Contact Haselkorn & Thibaut today at 1-888-885-7162 for your free case review. Our team is ready to help you navigate your options and hold the responsible parties accountable. Your financial security matters, and you do not have to face this process alone.
