man pocketing cash

Daniel G. Dillard of Austin Texas a stockbroker formerly registered with Sagepoint Financial Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested compensatory damages estimated to exceed $5,000.00 based upon allegations that a fiduciary duty was breached and that misrepresentations and omissions had been made by the stockbroker in regards to direct investments in limited partnerships or direct participation programs while Dillard was registered with Sagepoint. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02063 (June 30, 2020).

FINRA Public Disclosure confirms that Dillard has been fined $5,000.00 and suspended for three months from associating with any FINRA member in any capacity founded on findings that Dillard falsified documents to obtain more in commissions from LPL Financial for securities transactions that had been effected in customer accounts. Letter of Acceptance Waiver and Consent No. 2013036891701 (Sept. 2, 2015). According to the AWC, Dillard caused LPL Financial to maintain false records and books regarding his commissions. Dillard violated FINRA Rules 2010 and 4511 in this regard.

Dillard was discharged by LPL Financial supported by accusations of altering documents. He was registered with Sagepoint Financial until April 17, 2019. The stockbroker was also registered with Union Capital Company between April 30, 2019 and July 15, 2019.