Douglas E. Elstun

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CRD#: 2338588

Professional summary

Douglas Eugene Elstun was barred by the SEC from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Douglas is a previously registered financial professional and started their career in finance in 1993. Prior to being barred, Douglas had worked at 6 firms, which includes FWM LEGACY LLC, SPC, SIGMA FINANCIAL CORPORATION, FSC SECURITIES CORPORATION, CROSSROADS FINANCIAL MANAGEMENT INC., G. R. PHELPS & CO. INC..

Question & Answer

Are you a "fiduciary"?

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

September 20, 2019 - March 30, 2021

FWM LEGACY, LLC

RIA

CRD#: 144344

KANSAS CITY, MO

Past

May 2, 2008 - January 20, 2012

SPC

RIA

CRD#: 110692

LENEXA, KS

Past

May 1, 2002 - January 20, 2012

SIGMA FINANCIAL CORPORATION

CRD#: 14303

LENEXA, KS

Past

March 1, 1996 - April 30, 2002

FSC SECURITIES CORPORATION

CRD#: 7461

ATLANTA, GA

Past

July 1, 1994 - August 23, 2019

CROSSROADS FINANCIAL MANAGEMENT, INC.

RIA

CRD#: 115435

KANSAS CITY, MO

Past

April 22, 1993 - February 29, 1996

G. R. PHELPS & CO., INC.

CRD#: 173

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams

State Security Law Exam

Series 63

Date: 6/17/1993

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 4/21/1993

General Securities Representative Examination

Principal/Supervisory Exam

Series 24

Date: 4/8/1996

General Securities Principal Examination

Current Firm

FWM LEGACY, LLC

FRONTIER WEALTH MANAGEMENT, LLC | FWM LEGACY, LLC

CRD#: 144344 / SEC#: 802-127130

RIA

Registered Investment Advisory firm - (10/21/2022 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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Contact information

Main Address

4200 W. 115th Street Suite 210, Leawood, KS 66211

Mailing Address

Phone number

(816) 753-5100

Established

Firm type

Fiscal year end

# of Employees

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV PART 2A - FIRM BROCHURE (3/31/2022)

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
08/18/2022	Cover Page	Report
08/18/2022	Cover Page	Report
04/11/2022	Cover Page	Report

Exempt reporting advisers

Exempt Reporting Advisers ("ERA") are investment advisers that are not required to register as investment advisers because they rely on certain exemptions from registration under sections 203(l) and 203(m) of the Investment Advisers Act of 1940 and related rules. Certain state securities regulatory authorities have similar exemptions based on state statutes or regulations. An ERA is required to file a report using Form ADV, but does not complete all items contained in Form ADV that a registered adviser must complete. Other state securities regulatory authorities require an ERA to register as an investment adviser and file a complete Form ADV. Below are the regulators with which an ERA report is filed.

SEC / JURISDICTION	REPORTING STATUS	EFFECTIVE DATE
SEC	ERA - Active	12/5/2022

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Douglas E. Elstun

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

FWM LEGACY, LLC

SPC

SIGMA FINANCIAL CORPORATION

FSC SECURITIES CORPORATION

CROSSROADS FINANCIAL MANAGEMENT, INC.

G. R. PHELPS & CO., INC.

State Registrations and Notice Filings

Exams

Series 63

Date: 6/17/1993

Series 7

Date: 4/21/1993

Series 24

Date: 4/8/1996

Current Firm

FWM LEGACY, LLC

Contact information

Documents

Part 2 Brochures

Accountant surprise examination report

Exempt reporting advisers

Red Flags

Company Information

FWM LEGACY, LLC

TRUST BUT VERIFY

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