Investors potentially incurred losses because of securities broker Daryl Howard Powell [CRD: 4717769, Sacramento, California], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Powell has been registered with Charles Schwab Co. Inc. since August 28, 2007, as a broker, and since June 11, 2008, as an investment adviser at its Sacramento, California branch. Read below for details about Powell’s disclosures and allegations concerning his conduct with investors.
Particularly, on March 13, 2025, a Charles Schwab Co. Inc. client filed Civil Action No. 25CV010698 about Daryl Powell. Mainly, the client alleged that Powell made misrepresentations of material fact by misstating brokerage account funds that would be available for withdrawal from a Pledged Asset Line of credit. For this reason, the client allegedly incurred damages. Consequently, the client requested $1,500,000 in compensation from Charles Schwab Co. Inc. or Powell. Evidently, this civil suit is pending a resolution.
Additionally, a client of Charles Schwab Co. Inc. contested Daryl Powell’s sales practices, according to a complaint. Allegedly, Powell made misrepresentations of material fact regarding a transfer of accounts from another firm, advising that it would be in-kind and would not result in tax consequences. It appears that Powell caused the client to sustain damages. Consequently, Charles Schwab Co. Inc. opted to settle the matter on December 3, 2024, by compensating the client in the amount of $8,000.
Did you experience losses because of Daryl Powell? You can get in touch with Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Powell and brokerage firms Powell worked for deny allegations of sales practice violations.
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JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
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