Dana Bruce Vietor of Dallas Texas a stockbroker formerly registered with CFD Investments Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $108,667.00 in damages based upon allegations of fraud and a breach of contract between the customer and the securities broker dealer in regard to a private securities transaction executed by Vietor during the time that he was associated with CFD Investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01048 (Apr. 26, 2021). According to the claim, the securities transaction was effected in violation of Iowa Securities Act. The claim also alleges that the customer sustained damages because of negligence and a breach of fiduciary duty by Vietor.
Vietor has been identified in seven additional customer initiated investment related disputes concerning accusations of his harmful conduct while he was registered with Oakbridge Financial Services, Cape Securities, and Workman Securities Corporation. FINRA Public Disclosure states that Vietor is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $35,000.00 in damages supported by allegations of Vietor’s unsuitable recommendations of real estate investment trusts while at Workman Securities Corporation.
On August 1, 2017, another customer initiated investment related FINRA securities arbitration claim concerning Vietor’s conduct was settled for $18,000.00 in damages founded on accusations that a non-traded real estate investment trust, a variable annuity and a direct investment were all misrepresented and unsuitable for the customer when Vietor was associated with Cape Securities Inc. FINRA Arbitration No. 17-00667.
Vietor is also the subject of a customer initiated investment related written complaint on November 20, 2018 in which the customer sought more than $5,000.00 in damages based on allegations of bad promissory notes and private placement transactions by Vietor while he was associated with Oakbridge Financial Services and CFD Investments. The complaint alleges that the customer’s best interests were disregarded by Vietor and that the customer did not receive important investment information from him before making purchases.
On March 10, 2020, another customer initiated investment related FINRA securities arbitration claim regarding Vietor’s activities was resolved for $32,600.00 in damages based upon accusations of a breach of contract and breach of fiduciary duty concerning Vietor’s private securities transactions and outside business activities. FINRA Arbitration No. 19-01642. The claim alleges fraudulent misrepresentations and omissions by Vietor. According to the claim, he provided unsuitable recommendations to the customer as it pertained to variable annuities and private placements. The customer was allegedly defrauded based on Vietor’s activities at CFD Investments, Oakbridge Financial Services and Cape Securities.
Vietor is also referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested $609,852.00 in damages founded on allegations of Vietor causing them to invest in promissory notes through securities transactions executed away from CFD Investments. FINRA Arbitration No. 21-00576 (Mar. 13, 2021).
Vietor has been barred from associating with any FINRA member in any capacity supported by findings of him engaging in private securities transactions in which he sold $3,000,000.00 in Deposit Agreements to customers without apprising his securities broker dealers and without getting authorization before making those transactions. Letter of Acceptance Waiver and Consent No. 2018060199101 (Mar. 23, 2020).
According to the AWC, Vietor sold promissory notes called Deposit Agreements which were intended to raise funds for companies associated with a business venture Vietor created. These Deposit Agreement transactions were considered private securities transactions because he did not tell Oakbridge, Cape Securities or CFD Investments about them and get their approval. Vietor violated FINRA Rules 2010 and 3280 as well as NASD Rule 3040.
Vietor was associated with CFD Investments between July 25, 2016 and November 13, 2018.
