Investors might have sustained losses due to securities broker Daniel Benjamin Kistler [CRD: 6203300, Rome, Georgia], based on the disclosures on the Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Kistler has been registered with Dempsey Lord Smith LLC since October 13, 2016. To learn more about the client disputes, keep reading.
Dempsey Lord Smith LLC Investor Accused Kistler Of Due Diligence Failures, Unsuitable Investments
Specifically, on December 10, 2023, a Dempsey Lord Smith LLC client filed FINRA Arbitration No. 23-03083 about Daniel Kistler. Supposedly, Kistler failed to conduct reasonable due diligence and gave unsuitable advice regarding high-risk investments. Because of this, the client allegedly sustained damages. Consequently, the client requested $100,001 in compensation from Dempsey Lord Smith LLC or Kistler. Evidently, this arbitration is pending a resolution.
Daniel Kistler Disclosed Breach Of Fiduciary Duty Allegations By Dempsey Lord Smith LLC Client
Particularly, a client of Dempsey Lord Smith LLC contested Daniel Kistler’s sales practices by filing FINRA Arbitration No. 20-03334. Allegedly, Kistler was negligent in handling investments and breached a fiduciary duty. It appears that Kistler allegedly caused the client to sustain damages on direct investments. Therefore, Dempsey Lord Smith LLC opted to settle the matter on April 14, 2021, by compensating the client in the amount of $85,000.
Did You Sustain Losses Because Of Securities Broker Kistler?
Did you suffer losses because of Daniel Kistler? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors across the country, works on a contingency fee basis, and advances all costs. Kistler and the brokerage firms he worked for deny accusations of sales practice violations.
