Haselkorn & Thibaut, a nationally recognized investment fraud law firm, has initiated an investigation into Randall E. Duggan, a financial advisor with Moloney Securities Co., Inc. If you are one of Mr. Duggan’s current or former clients—or have concerns about how your investments were handled—this report is for you. Our goal is to provide you with clear, comprehensive, and actionable information regarding recent complaints, investigations, and claims involving Randall Duggan, so you can make informed decisions regarding your next steps.
Who Is Randall E. Duggan?
Table of Contents
- Name: Randall E. Duggan
- CRD Number: 5559097
- Current Brokerage Affiliation: Moloney Securities Co., Inc. (CRD# 38535)
- Additional Affiliation: Moloney Securities Asset Management LLC (CRD# 282448)
- Office Location: 3031 Orleans St., Suite 101, Bellingham, WA 98226
- Other Business Affiliation: Sentinel Wealth Management, same office location
Mr. Duggan is registered both as a General Securities Representative and an Investment Adviser Representative, authorized to advise and sell a range of investment products. His prior professional history includes positions at RBC Capital Markets, LLC and Merrill Lynch, Pierce, Fenner & Smith Inc.
Summary of Complaints, Investigations & Regulatory Actions
Multiple customer complaints and regulatory matters involving Randall Duggan have come to light. Some of these relate to GWG L Bonds and other alternative investments, products that have garnered scrutiny from regulators and investors nationwide due to alleged unsuitability for certain clients.
| Date Filed/Closed | Case/Arbitration Number | Allegations | Status/Outcome | Damages Sought | Resolution Amount |
|---|---|---|---|---|---|
| August 2025 (pending) | FINRA Case No. 25-01559 | Suitability/Negligence: Corporate debt, DPP/LP interests, real estate securities (2017-2021) | Pending | $500,000–$900,000 | N/A |
| May 2024 – April 2025 | FINRA Case No. 24-01130 | Suitability/Negligence: Corporate debt, DPP/LP interests (2020–2021) | Settled | Not disclosed | $125,179 |
| April 2024 – April 2025 | FINRA Case No. 24-00843 | Suitability/Negligence: Corporate debt (2016) | Settled | Not disclosed | $25,000 |
| May 2023 – Dec 2024 | FINRA Case No. 23-01410 | Suitability/Negligence: Corporate debt (2020) | Settled | Not disclosed | $92,574 and $17,317 (two settlements) |
- Washington State Securities Division: In July 2025, state regulators announced an ongoing investigation into possible violations of the Securities Act of Washington by Moloney Securities and select brokers, including Randall Duggan, primarily related to the solicitation and recommendation of GWG L Bonds and Preferred Stock.
Types of Allegations Involving Randall Duggan
- Unsuitable Recommendations – Claims that investments made were not aligned with the investor’s needs, objectives, or risk tolerance.
- Negligence – Allegations that the advisor failed to exercise reasonable care in handling client accounts and investment decisions.
What Are GWG L Bonds and Why Is This Important?
GWG L Bonds are complex alternative investments tied to the life insurance industry and have been the subject of intense scrutiny. Regulatory attention increased after GWG Holdings filed for bankruptcy in 2022, impacting thousands of investors across the country. Many investor claims concern suitability, misrepresentation, and lack of proper due diligence in recommending these products.
Moloney Securities and Randall Duggan have been named in recent claims and settlements concerning GWG L Bonds. This underscores the importance for clients who purchased such investments to review their statements and account history.
Red Flags & Lessons for Investors
- Multiple Settlements: Mr. Duggan has been a party to several FINRA arbitration matters resulting in settlements totaling over $250,000 in recent years.
- Pending Disputes: The most recent customer dispute claims losses ranging from $500,000 to $900,000.
- Regulatory Investigation: A live investigation by the State of Washington signals heightened regulatory scrutiny.
- Pattern of Similar Allegations: The consistent themes in complaints—suitability and negligence—may indicate broader compliance concerns.
Should You Be Concerned?
It is natural to have concerns if your advisor is the subject of multiple customer complaints or regulatory investigations. Even if you have not yet suffered losses, these patterns highlight the importance of a careful review. Flagged behaviors, such as recommending complex or unsuitable investments and multiple settled complaints, can be early warning signs that your investments may not have been handled properly.
How Investors Can Take Action Now
If you have invested with Randall E. Duggan—particularly in products such as GWG L Bonds, corporate debt, or other alternative securities—Haselkorn & Thibaut can assist you in reviewing your case and determining the best course of action. Our firm brings over 50 years of combined experience, a 98% client success rate, and a no recovery, no fee policy.
- Complimentary Case Review: There is no cost or obligation. Our team will review your account documents and develop a clear action plan.
- Nationwide Representation: We represent investors coast-to-coast in pursuing claims through FINRA arbitration and direct negotiation.
- Experienced Advocacy: Our attorneys focus exclusively on investment and securities loss recovery.
If you believe you have suffered losses, or simply want a second opinion on your portfolio, we recommend acting quickly due to filing deadlines that may affect your ability to recover damages.
Free Consultation: Protect Your Investments
Don’t wait—speak directly with a Haselkorn & Thibaut attorney by calling 1-888-994-8066. There are no legal fees unless we recover funds for you. Let our experience work for you.
Your peace of mind—and your financial future—are worth a conversation.
