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.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
A customer dispute that settled for $80,000 on July 16, 2026 is the newest entry on the BrokerCheck report of Stephen Kerutis (CRD 2345517). The clients in that matter alleged unsuitable recommendations, and Truist Investment Services is the firm on the disclosure.
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