Daniel B. Chancellor (also known as Dan Chancellor), of Evansville, Indiana, a stockbroker registered with Securities America Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled to resolve allegations that Chancellor breached his fiduciary duties, made unsuitable investment recommendations, was negligent, and violated industry rules in connection with the sale of real estate securities when Chancellor was associated with Securities America Inc. FINRA Arbitration No. 21-00872 (November 30, 2021).
This is not the first time that Chancellor has been referenced in a customer initiated investment related dispute concerning Chancellor’s conduct in the securities industry. FINRA Public Disclosure shows that Chancellor was also referenced in a customer initiated investment related complaint that was settled on September 22, 2009, for $6,026.17 in damages based upon allegations that Chancellor engaged in unauthorized trading in mutual funds during the period that Chancellor was associated with LPL Financial.
Chancellor is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $32,500.00 in damages based upon allegations that Chancellor churned the customer’s account, engaged in unauthorized trading, and made unsuitable recommendations in variable annuities and direct investments (direct participation program interests and limited partnership interests) when Chancellor was associated with Transamerica Financial Advisors Inc. FINRA Arbitration No. 10-05182 (September 18, 2012).
Chancellor has been associated with LPL Financial LLC in Evansville, Indiana since October 20, 2023. Chancellor was associated with American Portfolios Financial Services Inc. in Evansville, Indiana from December 16, 2019, to November 1, 2023. He was previously associated with Cetera Advisor Networks LLC in Lady Lake, Florida from March 13, 2019, to December 3, 2019. Prior to that, he was associated with Sagepoint Financial Inc. in Evansville, Indiana from September 18, 2015, to March 15, 2019.
