DANA VIETOR Sell You Bad Private Placements?

Did DANA VIETOR Cause Your Investment Losses?

Soreide Law Group is reviewing potential investor claims against CFD Investments, Inc. securities broker Dana Bruce Vietor (CRD#: 873129, Dallas Texas). Notably, the Financial Industry Regulatory Authority (“FINRA”) shows six clients disputed Vietor’s sales practices. Here’s a summary of the allegations against Vietor that investors should be aware of:
Investor Files FINRA Arbitration Suggesting Vietor Made Unsuitable Recommendations
 
Apparently, clients of CFD Investments, Oakbridge Financial Services and Cape Securities Inc. brought FINRA Arbitration #: 19-01642 on June 13, 2019. First of all, the clients suggested that Dana Vietor gave them bad advice about variable annuities and private placements. Secondly, Vietor allegedly misrepresented the investments. Supposedly, Vietor omitted information which was critical for the clients to know in making an informed decision. Allegedly, Vietor also acted irresponsibly in making the clients’ investments, and breached his fiduciary responsibility to the clients. Because of this, the clients alleged $300,000 in this ongoing matter.

CFD, Oakbridge Clients File Dispute Suggesting Dana Vietor Breached Fiduciary Duty

 
Evidently, in a complaint dated November 20, 2018, clients took issue with Dana Vietor’s investment transactions. Allegedly, the clients claim that Vietor improperly sold private placements and promissory notes. The customer suggested that Vietor did not act in the best interests of his clients, amounting to a breach of fiduciary duty. Not only that, but the clients argued that Vietor failed to let them know about important information before he sold the securities. Furthermore, the clients suggest that Vietor made these transactions without the firm’s authorization. However, on December 11, 2018, this matter closed without resolution.

Cape Securities Client Files FINRA Arbitration Suggesting Vietor Sold Bad Non-Traded REITs

 

Next, Cape Securities disclosed that a client disputed Dana Vietor’s sales practices by bringing FINRA Arbitration #: 17-00667 (Aug. 1, 2017). Allegedly, Vietor made false statements about a non-traded REIT, direct investment, and variable annuities. Supposedly, Vietor induced the client’s purchase of these investments by providing misleading information about the products. Also, the client indicated that it was not suitable for Vietor to sell the investments because of the client’s goals, needs or risk tolerance. Eventually, Cape Securities Inc. opted to settle the matter by paying the client $18,000.

Dana Vietor’s Employment History

 
Apparently, Dana Vietor worked at Cape Securities from 2013 to 2014, Oakbridge Financial Services from 2014 to 2016, and CFD Investments from 2016 to 2018. Notably, CFD Investments disaffiliated with Vietor for private securities transactions (“selling away”). CFD Investments claimed that Vietor did not get its approval to sell the investments. Also, the firm argued that Vietor falsely represented that he did not sell away from CFD Investments.

If you have experienced losses because of Dana Vietor, contact Soreide Law Group at (888) 760-6552 and speak with experienced legal counsel about a possible recovery of your investment losses. Soreide Law Group represent clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.