Rex Securities Law Investment Fraud Attorney Investigates Daniel Dillard formerly with Sagepoint Financial

Rex Securities Law Investment Fraud Attorney Investigates Daniel Dillard formerly with Sagepoint Financial

Rex Securities Law Investment Fraud Attorney Investigates Daniel Dillard formerly with Sagepoint Financial 150 150 Robert Rex, Esq.

Last Updated: December 2023 (Austin, TX )

Daniel Dillard Investigation Summary

Here’s what you need to know about Austin, Texas, stockbroker Daniel Dillard:

  • Name: Mr. Daniel G. Dillard
  • Current Employer: Not currently registered with FINRA
  • DBA: Nest Financial (RIA)
  • Previous Firms: Union Capital Company, Sagepoint Financial, LPL Financial
  • Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
  • Aliases: Dan Dillard
  • Primary Location: Austin, TX
  • CRD 4289333
  • Can Dan Dillard be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: Yes
  • Discharged by a prior employer: Yes
  • Highest Settlement or Award $215,000

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With Daniel Dillard As Your Stockbroker?

In 2022 a customer of Sagepoint Financial was paid $215,000 to resolve allegations that Dan Dillard made unsuitable recommendations to invest in private placements and did not conduct proper due diligence.

Another Sagepoint Financial customer was paid $85,000 in 2021 to settle a FINRA arbitration alleging that Dan Dillard recommended unsuitable investments in variable annuities.

In 2013 Dillard was discharged by LPL Financial where he had been employed since 2004. LPL makes this allegation “Submitted an altered document regarding advisor’s commission split with bank, previously signed by bank CEO..”

In 2015 FINRA sanctioned Dan Dillard for falsifying internal firm forms to allocate commissions. He was fined $5,000 and suspended for three months.

Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.

Allegations of Broker Misconduct Against Daniel Dillard

Customers of Dan Dillard have alleged the following wrongdoing in connection with the handling of customer accounts:

  • Unsuitable Investment Recommendation to invest in private placements
  • Unsuitable Investment Recommendation to invest in variable annuities
  • Failed to conduct proper Due Diligence

Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)

Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Recover Your Investment Losses Now With Rex Securities Law

If you have suffered investment losses in an account handled by Dan Dillard, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.

With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.

If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.

Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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