Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) discloses troubling information in regard to securities broker Daniel Gerard Derepentigny [CRD#: 1887112, Rocklin, California]. Apparently, at least 12 clients took issue with the securities broker, who worked for National Securities Corp. between 2010 to 2016. Furthermore, FINRA indefinitely barred the securities broker on November 18, 2016. In sum, these disclosures suggest that Derepentigny was negligent and made unauthorized and unsuitable trades in his client’s accounts. Check out these allegations against Derepentigny.
Daniel Derepentigny Allegedly Misrepresents National Securities Corp. Client’s Equity Trades
Evidently, on January 26, 2018, a National Securities Corp. client filed FINRA Arbitration #: 18-00122 concerning Daniel Derepentigny. Notably, the client contended that Derepentigny misrepresented information about OTC equities. The client suggested that the securities broker acted negligently through his recommendations or sales. Derepentigny also purportedly failed to comply with his fiduciary responsibility to the client. Allegedly, the securities broker also made unsuitable trades. Consequently, the client requested $1,000,000 in compensation from National Securities Corp. or Derepentigny. However, National Securities denied this matter on April 9, 2019.
National Asset Management Client Suggests Derepentigny Was Negligent
Apparently, a client of National Asset Management contested Daniel Derepentigny’s actions by filing Civil Suit #: 1160022848 on February 5, 2019. Mainly, the customer alleged negligence by National Asset Management or Derepentigny regarding private placements. It appears that the securities broker bought or sold investments without the client’s permission. Not only that, but the client indicated that private placements were not suitable. Derepentigny potentially failed to consider the client’s financial circumstances, goals or risk tolerance. For this reason, the client made a claim for compensatory damages from National Asset Management or Derepentigny in the amount of $743,063 in this ongoing matter.
Daniel Derepentigny Allegedly Sells Unsuitable Investments To Client Of National Securities Corp. and National Asset Management
Evidently, a National Securities Corp. and National Asset Management client brought an investment dispute concerning Daniel Derepentigny. Apparently, Derepentigny executed unreasonable trades. It appears that the client experienced losses by purchasing over the counter equities because of the securities broker. As a result, on August 17, 2016, National Securities Corp. or National Asset Management resolved this issue through compensating the client $12,500.
FINRA Bars Derepentigny For Failure To Respond To Request For Information
Notably, FINRA barred Derepentigny on November 18, 2016. It appears that FINRA asked him for information after 10 customers brought disputes about him. Derepentigny failed to respond to FINRA’s request for information and then failed to request termination of his suspension within three months of FINRA’s suspension notice.
Did National Securities Corp. Securities Broker Daniel Derepentigny Sell You Bad Investments?
Have you experienced losses by investing with Daniel Derepentigny? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel in regard to possibly recovering your investment losses. Soreide Law Group represents clients on a contingency fee basis and will advance all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers and brokerage firms.