Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $75,000.00 in damages supported by allegations that (1) a contract was breached by the stockbroker or the securities broker dealer (2) fiduciary duties had been breached (3) omissions and misrepresentations were made about the investments (4) the customer’s account was negligently handled (5) transactions and recommendations were not suitable and (6) the customer was defrauded on private securities transactions and variable annuities which Vietor sold or recommended during the period that the stockbroker was associated with CFD Investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01642 (June 17, 2019).
FINRA Public Disclosure confirms that Vietor is referenced in five more customer initiated investment related disputes in regard to the stockbroker’s violative activities during the period in which he was employed by securities broker dealers including Cape Securities, Workman Securities Corporation and Oakridge Financial Services. Specifically, Vietor is referenced in a customer initiated investment related arbitration claim which was resolved for $18,000.00 in damages based upon accusations that transactions failed to be suitable for the customer in view of the customer’s objectives for investing and concerns about risks; and false or misleading statements were made by the stockbroker in regard to a non-traded real estate investment trust and direct investment while the stockbroker was registered with Cape Securities. FINRA Arbitration No. 17-00667 (Aug. 1, 2017).
Also, a customer filed an investment related complaint concerning Vietor’s conduct on December 11, 2018 in which the customer sought unspecified damages founded on allegations that when Vietor was associated with CFD Investments and Oakbridge Financial Services, investment recommendations relating to private securities transactions and promissory notes were unsuited given the customer’s objectives for investing, tolerance for risk or financial needs.
FINRA Public Disclosure also confirms that Vietor has been fined by Minnesota Department of Commerce based upon allegations that the stockbroker failed to timely deliver a variable annuity contract to a customer during the time that the stockbroker was employed by Workman Securities Corporation. Consent Order No. IN2502036.
Vietor was terminated by CFD Investments on November 12, 2018 based upon allegations of Vietor selling away from the securities broker dealer.
