June 2020- Dallas, TX
The FINRA records of Daniel W. Staudacher, a broker currently registered with Worth Financial Group, disclose 2 regulatory events, a customer dispute and 6 pending IRS liens.
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.
In September 2019 FINRA case #2017053574801 was filed, alleging that Staudacher associated with his member firm while under a one-month, all capacities suspension from associating with any member firm. He associated with the firm while subject to a statutory disqualification that resulted from his FINRA suspension. The findings also stated that to accommodate his clients, Staudacher electronically affixed customer’s signatures on new securities account applications by entering the last four digits of the customers’ social securities numbers on the applications. He was suspended from FINRA for two months and was given a monetary fine of $10,000.
In January 2017, FINRA case #2016048603001 was filed alleging that Staudacher executed unauthorized transactions in two different customer accounts. The finding stated that with respect to one of the customers, Staudacher did not contact her and obtain her authorization prior to executing the transactions in her accounts. After these customers complained, Staudacher’s member firm reversed these transactions in their accounts and made them whole. Staudacher’s firm imposed a total of $10,000 in monetary sanctions as a result of his unauthorized trading. FINRA imposed a one month suspension and a $5,000 fine.
In December 2015, a customer of Staudacher’s prior employer, PFS Investments, Inc., alleged that unauthorized transactions were made in her accounts. The case was settled.
between August 2011 and January 2018 the IRS filed 6 tax liens against Staudacher . These liens, which total more than $350,000, are still pending.
Staudacher has been employed with Worth Financial Group, Inc. since September of 2017. Before that he worked with PFS Investment, Inc. and Primerica Financial Services.
If you have questions about an account handled by Daniel Staudacher call for a no charge consultation .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900