National investment loss lawyers KlaymanToskes is investigating broker Dan Droeg (CRD# 1509210) of United Planners’ Financial Services and Sagepoint Financial, Inc. who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following the regulator’s investigation into his alleged conversion of investor funds in a trust, by using his authority as trustee to surrender a variable annuity owned by the trust and then transfer over $878,000 from the trust’s bank account to his own bank accounts.
According to FINRA BrokerCheck, Dan Edward Droeg was previously registered as a broker with United Planners’ Financial Services, in 2021 in Mesa, AZ. Droeg was also previously registered with Sagepoint Financial, Inc. from 2018 to 2021 in Mesa, AZ.
United Planners previously reported to FINRA that Droeg had been discharged on September 23, 2021 because he “did not disclose he was named the trustee for a client’s account prior to becoming affiliated with United Planners and continued to act as trustee after his affiliation,” and also because “United Planners prohibits financial professionals from creating and distributing fictitious statements to clients.”
Investors that suffered losses with broker Dan Droeg are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Dan Droeg:
If you suffered losses with broker Dan Droeg, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Dan Droeg. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as United Planners’ Financial Services are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Dan Droeg, or have concerns regarding your investment portfolio at United Planners’ Financial Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.