Dale Franklin Norton Jr., of Newhall, California, a former registered representative with Independent Financial Group, LLC, is the subject of a California Department of Insurance Order issued on July 27, 2017, revoking Norton’s insurance licensure according to Sections 1669(a)(I) and 1738 of the California Insurance Code, based upon Norton having pled nolo contendere to a felony.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Norton is the subject of four customer initiated investment related disputes pertaining to allegations of Norton’s misconduct. In particular, a civil action involving Norton’s conduct was settled to resolve allegations of breach of fiduciary duty, misrepresentation, and fraud. Civil Action No. 705129 (Mar. 29, 1996).
Then, a customer initiated investment related arbitration claim involving Norton’s conduct was settled to resolve allegations that Norton, while associated with Titan Value Equities Group, Inc., negligently handled the customer’s investment account, breached his fiduciary duties, and made misrepresentations and omissions to the customer. National Association of Securities Dealers (NASD) Arbitration No. 94-01160 (Mar. 29, 1996). Another customer initiated investment related arbitration claim pertaining to Norton’s improper conduct was settled to resolve allegations of breach of fiduciary duty, misrepresentation and suitability. NASD Arbitration No. 94-01634 (Mar. 29, 1996).
Norton was fired from Independent Financial Group on December 13, 2016, based upon allegations that he committed violations of the firm’s policies by distributing false or misleading statements in reference to his qualifications.
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