National investment loss lawyers KlaymanToskes is investigating Dan Lundquist (CRD# 2784929) of Ausdal Financial Partners in connection with the filing of a customer complaint alleging $50,000 in damages due to violations of the SEC’s Regulation Best Interest and negligent misrepresentation.
Investors that suffered losses with Dan Lundquist may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Daniel Matthew Lundquist a/k/a Dan Lundquist is currently registered as a broker/investment advisor with Ausdal Financial Partners in Elgin, IL.
Lundquist is currently facing a customer complaint alleging $50,000 in investor damages due to breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, failure to supervise, and violation of Reg BI.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Under Reg BI, investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Brokers and financial advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
Investors who suffered losses with Dan Lundquist at Ausdal Financial Partners are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com