Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Garvin (Garvin), previously associated with World Equity Group, INC., has at least one disclosable event. These events include one customer complaint, alleging that Garvin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on November 16, 2023.
The Statement of Claim alleges that the alternative investments recommended to claimants were unsuitable for them in light of their age, need for liquidity, and risk tolerance. It also claims that the investments were misrepresented to the claimants causing them significant damages. The investments in question were made from January, 2015 to February, 2015.