Investors have come forward with complaints about Daniel McPherson (also known as Daniel George McPherson and Dan McPherson) (CRD: 4964802, Idaho Falls, Idaho). Particularly, the securities broker, who worked for Cetera Advisors LLC, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Cetera Advisors LLC clients allege that McPherson made unsuitable recommendations. For more on these disclosures about McPherson, see below. However, keep in mind that McPherson denies the allegations against him.
Particularly, on December 22, 2022, a Cetera Advisors LLC client filed FINRA Arbitration: 22-02935 about Daniel McPherson. Namely, the client alleged that McPherson made unsuitable recommendations. Because of this, the client allegedly sustained damages on real estate securities. Therefore, the client requested $500,000 in compensation from Cetera Advisors LLC or McPherson. BrokerCheck shows that this arbitration is pending a resolution.
Also, a Cetera Advisors LLC client filed FINRA Arbitration: 20-02103 about Daniel McPherson. Namely, the client alleged that McPherson provided unsuitable advice. Because of this, the client allegedly sustained damages on variable annuities, real estate securities, and private placements. Therefore, on August 27, 2021, Cetera Advisors LLC settled this matter by paying the client $57,500 in damages.
Additionally, a client of Parkland Securities contested Daniel McPherson’s sales practices, according to a complaint dated March 14, 2016. Allegedly, McPherson engaged in unsuitable trading. Supposedly, McPherson caused the client to sustain damages on equity indexed annuities. Therefore, the client asked for compensatory relief from Parkland Securities or McPherson in the amount of $40,451.51. Although, Parkland Securities denied the complaint.
Also, a Sammons Securities Company client filed FINRA Arbitration: 13-03725 about Daniel McPherson. Namely, the client alleged that McPherson made misrepresentations of material fact and made unsuitable recommendations. Because of this, the client allegedly sustained damages on equipment leasing investments, oil and gas investments, and tenant in common (TIC) products. Therefore, on January 9, 2014, Sammons Securities Company settled this matter by paying the client $1,000,000 in damages.
Have you experienced damages because of Daniel McPherson? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the country, represents clients on a contingency fee basis and advances all costs. McPherson and brokerage firms McPherson worked for deny any and all allegations of sales practice violations.
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