Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald Dalton (Dalton), currently associated with Parkland Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Dalton recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on March 11, 2024.
Customers allege that they did not authorize their financial professional to liquidate their accounts in September 2023 prior to their transfer by ACAT to another broker. When the accounts were liquidated, the customers were charged commissions and incurred substantial capital gain taxes. The customers demand reimbursement of commissions paid, capital gain taxes incurred, and professional fees expended.