Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker Dan Edward Droeg (also known as Dan Edwards Droeg) [CRD: 1509210, Mesa, Arizona]. Droeg worked for United Planners Financial Services of America from August 12, 2021, to October 11, 2021, and previously worked for firms such as H. Beck and Sagepoint Financial. Keep reading to learn more about the allegations from FINRA and client disputes surrounding Droeg.
On February 6, 2024, a client dispute was filed about Grove Point Investments LLC and Woodbury Financial Services, alleging that Dan Droeg misappropriated client funds while employed with these firms. The client is seeking $980,000 in damages, and this matter is currently pending.
On March 3, 2022, FINRA issued a permanent bar about Droeg after he consented to sanctions without admitting or denying the allegations. The regulator said that Droeg, acting as a trustee for a trust, misappropriated over $878,000 from the trust. He allegedly used his authority to surrender a variable annuity held by the trust and transferred the funds to his personal accounts. While Droeg did distribute a portion to the beneficiaries, he reportedly used the remainder for personal expenses. As a result, Droeg was barred from working in any registered capacity with FINRA-member firms.
Also, on January 9, 2018, a client of H. Beck settled a dispute for $75,000 in damages based on allegations that Dan Droeg overconcentrated the client's assets in variable annuities. The client also alleged that Droeg made unsuitable recommendations and charged unreasonable fees. The complaint was related to the client’s investments in illiquid securities while Droeg worked for H. Beck.
Contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Droeg and the brokerage firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country and handles cases on a contingency basis.
Investors potentially experienced sales practice violations by securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray has worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Continue reading to learn more about Carbray’s […]
Investors apparently complained about securities broker Juan Pablo Benavides [CRD: 4288007, Miami, Florida], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benavides has worked for Merrill Lynch as a securities broker since November 22, 2000, and as a financial advisor since March 15, 2004. See below to find out more about […]
Investors potentially incurred losses because of securities broker Sandy Meyer Leff [CRD: 1796695, Atlanta, Georgia], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leff has worked for Carter Terry Company Inc. as a securities broker since October 6, 2016, and as a financial advisor since October 21, 2016. Keep reading to discover […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com