Investors File Disputes About Daniel Mackle

Investors have come forward with complaints about securities broker Daniel Mackle (also known as Daniel Joseph Mackle Sr.) (CRD:  2239531, Hackensack, NJ). Evidently, the securities broker, who worked for Garden State Securities Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, Garden State Securities Inc. clients allege that Mackle made unsuitable recommendations, churned accounts, and acted in breach of fiduciary duty. For more on these disclosures about Mackle, see below; however, keep in mind that the securities broker denies all allegations of misconduct.

Garden State Securities Inc. Investor Accuses Daniel Mackle Of Churning

Evidently, a client of Garden State Securities Inc. contested Daniel Mackle’s sales practices by filing FINRA Arbitration: 22-00611 on April 25, 2022. Allegedly, Mackle made unsuitable recommendations. Also, the client alleged that he churned accounts and acted in breach of fiduciary duty. Supposedly, Mackle caused the client to sustain damages by investing in stocks and over-the-counter equities. Therefore, the client seeks compensatory relief from Garden State Securities Inc. or Mackle in the amount of $1,800,000 in this ongoing matter.

Garden State Securities Inc. Investor Accuses Mackle Of Unauthorized Trading

Also, on July 29, 2021, a Garden State Securities Inc. client filed FINRA Arbitration: 21-01590 about Daniel Mackle Namely, the client alleged that Mackle or the securities firm engaged in unauthorized and excessive trading. The client also alleged that the broker made misrepresentations. Because of this, the client allegedly sustained damages by investing in stocks and over-the-counter equities. Therefore, the client requested $550,000 in compensation from Garden State Securities Inc. or Mackle. Evidently, this arbitration is pending a resolution.

Daniel Mackle Discloses Mismanagement Allegations By Barron Chase Securities Inc. Client

Additionally, a client of Barron Chase Securities Inc. contested Daniel Mackle’s sales practices, according to a complaint. Allegedly, Mackle mismanaged investment accounts. Supposedly, Mackle caused the client to sustain damages by investing in LP interests. Therefore, Barron Chase Securities Inc. opted to settle the matter on February 6, 2002, by compensating the client in the amount of $20,000.

Mackle Employment Information

Daniel Mackle worked for Garden State Securities Inc. in Hackensack, NJ, as a securities broker from August of 2008 to March of 2019.

Did Garden State Securities Inc. Securities Broker Daniel Mackle Cause You To Experience Damages?

Experienced damages by investing with Daniel Mackle? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group, who has effectively recovered money for hundreds of investors in the United States, can review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Mackle and brokerage firms Mackle worked for deny any and all allegations of sales practice violations.