Securities Lawyers Blog
Currently financial advisor Daniel Mcclory (Mcclory), currently employed by brokerage firm Sutter Securities Clearing, LLC / Boustead Securities, LLC / Sutter Securities Incorporated has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $950,000.00 on October 25, 2025.
Former accredited investor client filed arbitration claim alleging certain private placements he participated in were unsuitable. Respondent disputes the allegations in full.