Daniel Snodgrass Disclosed FINRA Suspension And Client Disputes

Investors may have encountered losses due to Daniel Stephen Snodgrass [CRD: 4083817, Cherry Hill, New Jersey], as indicated by disclosures on the Financial Industry Regulatory Authority (FINRA) BrokerCheck. Snodgrass worked as both a financial advisor and securities broker with BCG Securities Inc. in Cherry Hill, New Jersey, from March 6, 2017, to July 18, 2023. To understand more about the nature of the disputes involving Snodgrass, continue reading.

FINRA Sanctioned Snodgrass For Compliance Failures

On September 29, 2023, FINRA took disciplinary action against Daniel Snodgrass, according to Case No. 22-02184. The regulator found that Snodgrass failed to comply with an arbitration award or settlement agreement or otherwise show the regulator that he complied with his obligations.

Daniel Snodgrass Discharged By BCG Securities Inc. And UBS Financial Services Inc.

Notably, BCG Securities Inc. parted ways with Daniel Snodgrass, discharging him on July 6, 2023. The termination was a result of Snodgrass's purported failure to cooperate with the firm's policies and procedures related to servicing a client's account.

Before his time at BCG Securities Inc., Snodgrass was also discharged from UBS Financial Services Inc. on September 26, 2016. This was allegedly due to a violation of several firm policies, particularly in connection with due diligence during the onboarding of a new client.

Citigroup Global Markets Inc. Client Accused Snodgrass Of Failure To Follow Instructions

Also, on August 21, 2009, a Citigroup Global Markets Inc. client filed a complaint about Daniel Snodgrass. The client alleged that Snodgrass failed to follow instructions concerning investment guidelines between February 2006 and September 2008. This reportedly led to damages involving stocks and mutual funds. As a result, the client sought compensation of $122,000 from either Citigroup Global Markets Inc. or Snodgrass. However, the firm denied the claim on October 19, 2009.

Daniel Snodgrass Disclosed Misrepresentation Allegations By Citigroup Global Markets Inc. Client

Additionally, a complaint about Daniel Snodgrass emerged on March 12, 2009. A client of Citigroup Global Markets Inc. contested Snodgrass’s sales practices, alleging that he misrepresented the nature of a variable annuity purchase in 2006. The client sought $100,800 in damages. However, this complaint was also denied on April 14, 2009.

Did You Sustain Losses Because Of Snodgrass?

If you have experienced damages because of Daniel Snodgrass, consider reaching out to Soreide Law Group. You can contact them online or at (888) 760-6552 to discuss the potential recovery of your investment losses with a securities attorney. Soreide Law Group has a track record of recovering losses for investors across the United States. They work on a contingency fee basis and advance all costs. Despite the allegations, Snodgrass and the brokerage firms he worked for have denied accusations of sales practice violations.