Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $1,500,000.00 in damages founded on allegations that Dillard provided unsuitable investment recommendations regarding direct participation program interests or limited partnership interests during the period that he was associated with Sagepoint Financial. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03922 (Jan. 19, 2021). According to the claim, Sagepoint failed to perform due diligence on these investments.
This is not the first time that Dillard has been involved in a customer initiated investment related complaint. FINRA Public Disclosure additionally shows that on June 30, 2020, a customer filed an investment related FINRA securities arbitration claim concerning Dillard’s conduct in which the customer requested compensatory damages supported by accusations that Dillard breached a fiduciary duty in reference to direct investments and variable annuities. FINRA Arbitration No. 20-02063. According to the claim, he made misrepresentations and omissions regarding those alternative investments and had provided unsuitable investment advice.
Dillard was associated with Sagepoint Financial between May 1, 2013 and April 17, 2019. Between April 30, 2019 and July 15, 2019, he was registered with Union Capital Company.
