Danny Chancellor In First Allied Investor Disputes

Investors Bring Disputes About Securities Broker Danny Chancellor

BrokerCheck contains important information regarding securities broker William Danny Chancellor “Danny Chancellor” (CRD#: 1277838, Ridgeland, Mississippi). It appears that the disclosures involving Chancellor concern his employment at Cambridge Investment Research (his employer from 2009 to 2012) and First Allied Securities Inc. (his employer from 2012 to 2017). Here is a summary of the disclosures and what you could do if you experienced damages.

First Allied Securities Inc. Client Alleges Unsuitable Alternative Investments By Danny Chancellor

Evidently, a First Allied Securities Inc. client decided to lodge a dispute about Danny Chancellor’s and the securities firm’s sales practices in November 2021. Mainly, the investor alleges unsuitable recommendations. Supposedly, Chancellor caused the client to incur damages relating to their investments in real estate securities. Because of this, the client contends that the securities firm should compensate them in the amount of $132,000 to resolve these allegations. This matter awaits a resolution.

Client Makes Claims Of Misrepresentation, Unsuitability In Arbitration Claim About Danny Chancellor

Also, it seems that a First Allied Securities Inc. client disputed Danny Chancellor’s actions as a securities broker, per a dispute dated July 9, 2021. The investor’s dispute against the securities firm alleges unsuitable investments, negligence, misrepresentation, and breaches of contract and duty. It appears that the securities firm or Chancellor caused the client to incur damages because of making investments in real estate investment trusts (known as REITs). Therefore, the client demands that the securities firm pay them $125,000 in damages. Currently, this matter is awaiting resolution.

First Allied Securities Inc. Client Alleges Bad Advice By Danny Chancellor

Moreover, a First Allied Securities Inc. client disputed Danny Chancellor’s actions as a securities broker, according to a dispute dated April 23, 2018. Notably, Chancellor purportedly caused the client to face damages via his DPP and LP recommendations. The client alleges excessive fees and commissions, and nondisclosures of risks and fees. For this reason, the firm agreed to pay the client $20,000 in damages per a settlement on June 15, 2018.

Financial Industry Regulatory Authority (FINRA) Issues Suspension, Fine To Chancellor Concerning Nondisclosures

Evidently, the financial industry watchdog, FINRA, who oversees most major securities firms in the United States, issued Danny Chancellor a fine of $5,000 and a suspension because of Chancellor allegedly failing to disclose tax liens. Supposedly, his nondisclosures occurred when he worked for Mutual Service Corporation and Cambridge Investment Research. It appears that Chancellor fully resolved the matter with the regulator in 2016.

Cambridge Investment Research Inc. Client Contends That Chancellor Failed To Follow Instructions

Particularly, a Cambridge Investment Research Inc. client took aim at Danny Chancellor in 2011. Supposedly, the client experienced damages stemming from Chancellor’s failure to follow instructions concerning mutual funds. It appears that after reviewing the allegations, Cambridge Investment Research Inc. denied the dispute and the client’s request for $60,000 in compensation.

Losses Through Chancellor?

Did you suffer losses because of securities broker Danny Chancellor? You can call Soreide Law Group at (888) 760-6552 and chat with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis. Also, we advance all costs. The firm has recovered considerable compensation for hundreds of investors in the US who have incurred damages from securities brokers or financial advisors. Please note that Chancellor denies all allegations of inappropriate sales practices.