National investment loss lawyers KlaymanToskes is investigating broker Daniel McClory (CRD# 1390780) of Boustead Securities and Sutter Securities.
According to FINRA BrokerCheck, broker Daniel McClory is currently facing an investor complaint alleging $950,000 in damages due to private placement investment recommendations that were not suitable.
Investors that suffered losses with broker Daniel McClory are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial Advisor Daniel McClory Faces Investor Complaint
Financial advisor Daniel McClory, of Boustead Securities and Sutter Securities is currently involved in a customer dispute seeking $950,000 in investor damages. The customer alleges that recommendations to invest in private placement investments were unsuitable.
A previous customer complaint involving McClory alleged unreasonable underwriter compensation for ATIF Holdings IPO, however, the complaint was closed. The broker’s comment for the disclosure stated: “The complaint is without merit as FINRA Corporate Finance approved the underwriter compensation. I was personally named in the complaint as the Head of Underwriting for an engagement in which the Firm served as Underwriter. We intend to vigorously defend our actions.” Broker Daniel McClory is registered with Boustead Securities and Sutter Securities in Irvine, CA.
Investment Losses with Broker Daniel McClory?
Contact KlaymanToskesSigns Investors Should Look Out For About Their Brokerage Accounts
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your broker. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
- You have substantial losses in your investment accounts
- You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
- Your broker misrepresented investment opportunities, or failed to disclose details about investments
- You notice unauthorized transactions in your investment accounts
- Your broker is not returning your calls or emails
- You filed a complaint with your brokerage firm that has not been resolved
- You see a mistake on your statement, or receive a fraudulent statement
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.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances 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 Daniel McClory, or have concerns regarding your investment portfolio at Boustead Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
