Dan Peltier Sanctioned By FINRA

RBC Broker Dan Peltier Fined, Suspended For Stock Manipulation

Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations of sales practice violations by RBC Capital Markets securities broker Dan Peltier [CRD#: 2677761, Stillwater, Minnesota]. Not only has FINRA sanctioned the securities broker, but at least 3 clients disputed his sales practices. Altogether, these disclosures indicate that Peltier engaged in misconduct in the securities industry and could have harmed investors. Read on to learn more about the allegations against the stockbroker:

Broker Dan Peltier Sanctioned For Manipulation Of MIXX Stock

Apparently, on August 11, 2017, FINRA issued Acceptance Waiver and Consent (“AWC”) #: 2015047070801 fining the stockbroker $40,000 and suspending him in all capacities for 10 months. Mainly, FINRA alleged that the securities broker facilitated market manipulation for MIXX stock, violating Rule 2010. Moreover, the securities broker allegedly violated FINRA Rule 4511 because he mismarked order tickets as unsolicited.

Peltier Allegedly Sold Unsuitable OTC Equities To RBC Capital Markets Client

Evidently, on October 5, 2015, an RBC Capital Markets client filed an investment dispute about Dan Peltier. Apparently, the client alleged that Peltier made inappropriate or unsuitable OTC equities trades. Notably, the customer claimed that Peltier’s improprieties concerned MIXX. Because of Peltier, the client seemingly sustained losses. Therefore, on May 12, 2016, RBC Capital Markets settled this matter by paying the client $45,033.63 in damages.

Merrill Lynch Investors Accuse Dan Peltier Of Excessive Trading

FINRA also reports that a client of Merrill Lynch contested Dan Peltier’s sales practices by filing a complaint. Allegedly, Peltier excessively traded in the client's account. It appears that the mutual funds and stocks which Peltier sold or recommended caused the client to sustain losses. Therefore, the client asked for compensatory relief from Merrill Lynch or Peltier in the amount of $27,000 in this unresolved matter.

Peltier Allegedly Made Unsuitable Margin Transactions For Merrill Lynch Client’s Account

Evidently, a second Merrill Lynch client filed an investment dispute about Dan Peltier. Apparently, the client alleged that Peltier effected unsuitable margin trades in the client’s account. It seems that the securities broker failed to consider the client's risk tolerance or investment goals. Because of this, the client sustained losses on OTC equities. For this reason, Merrill Lynch settled this matter by compensating the client.

Losses From RBC Capital Markets Securities Broker Dan Peltier?

Have you experienced losses by investing with Dan Peltier? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of securities brokers like Peltier and their employing brokerage firms.