Daryl Ray Calton, of Mesa, Arizona, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $50,000.00 to $99,000.00 in damages based upon the alleged unsuitable investment recommendation of real estate investment trusts (REITs) when Calton was associated with Calton Associates Inc. FINRA Arbitration No. 24-00658 (March 22, 2024).
This is not the first time that Calton has been referenced in a customer initiated investment related dispute concerning Calton’s conduct in the securities industry. FINRA Public Disclosure shows that Calton was also referenced in a customer initiated investment related complaint filed on December 2, 2003, in which the customer requested $46,100.00 in damages based upon alleged unsuitable investment recommendations of mutual funds when Calton was associated with Calton Associates Inc. The complaint was denied.
On October 4, 2012, a FINRA securities arbitration claim involving Calton’s conduct was settled for $14,999.00 in damages based upon alleged violation of Arizona securities laws. The claim also alleged negligence, fraud, and breach of fiduciary duty in connection with the sale of real estate securities. FINRA Arbitration No. 12-03114.
Calton is also referenced in a civil action in which the customer requested $236,200.00 in damages based upon alleged unsuitable investment recommendations of REITs. Civil Action No. CV2023-011525 (July 31, 2023).
Calton was associated with Calton Associates Inc. in Mesa, Arizona, from February 12, 1991, to December 31, 2023.
