Daniel William Sopher of Metuchen, NJ, a stockbroker registered with Kestra Investment Services LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $73,000.00 in damages based upon allegations that Sopher was negligent and breached his fiduciary duties, and that Kestra Investment Services LLC failed to supervise his recommendation and sale of business development companies or BDCs. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01082 (April 24, 2021).
This is not the first time that Sopher has been referenced in a customer initiated investment related dispute concerning Sopher’s conduct in the securities industry. FINRA Public Disclosure shows that Sopher was also referenced in a complaint filed on June 8, 2009, in which the customer requested $18,510.00 in damages based upon allegations that Sopher made unsuitable recommendations of variable annuities during the time that Sopher was associated with NFP Securities Inc.
Sopher was associated with NFP Securities Inc. in Austin, TX, as an investment advisor representative from November of 2003 to September of 2016.
Sopher has been associated with Kestra Investment Services LLC in Metuchen, NJ, as a stockbroker since November 25, 2003, and has been associated with Kestra Advisory Services LLC in Metuchen, NJ, as an investment advisor representative since April 20, 2016.
