DID DAN EDWARD WAGNER JR CAUSE YOU INVESTMENT LOSSES?
Dan Wagner, Jr Of Arkadios Capital Has 4 Customer Complaints For Alleged Broker Misconduct
About Dan Wagner, Jr of Arkadios Capital?
Dan Wagner, Jr (CRD #2867278) boasts an extensive career in the financial services industry. He is currently affiliated with Wealth Management Advisors, LLC in Anderson, SC, since May 2014, and with Arkadios Capital in Greenville, South Carolina, since April 2021. Wagner has transitioned through several firms over his career, including Triad Advisors LLC, IC Advisory Services, Inc., and The Investment Center, Inc. He has passed three general industry/product exams (Series 6, 7, SIE) and two multi-state securities law exams (Series 63, 66), and is registered in 15 U.S. states and territories. His registrations have spanned various roles, reflecting a broad and adaptable knowledge base within the industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Dan Wagner, Jr Customer Complaints and Reviews
Dan E. Wagner Jr.’s record includes several customer disputes, detailed as follows:
- Settled Dispute: Allegations were made against Wagner for negligently recommending products, specifically Direct Investment-DPP & LP Interests, which was settled for $60,000 in June 2024; Wagner did not contribute to the settlement, and direct claims against him were dismissed without prejudice.
- Withdrawn Dispute: A complaint from 2009 regarding misrepresentation of terms and risks associated with a variable annuity contract was withdrawn without any action.
- Closed/No Action: Another complaint, alleging failure to disclose all fees and details of a variable annuity with an income protector rider purchased in 2004, was closed with no action taken in May 2009.
- Pending Arbitration: Currently, there is a pending arbitration (Case #: 23-02579) where Wagner is accused of recommending unsuitable REIT and LP investments made in 2015, with alleged damages amounting to $189,550. The arbitration was initiated due to the client’s dissatisfaction with fund performance, despite claims of suitability and informed consent.
Allegations Against Dan Wagner, Jr
Listed below are the specific allegations against Dan E. Wagner Jr. in the context of his financial advisory role:
- Negligent Recommendation: It was alleged that Wagner negligently recommended unsuitable investment products (Direct Investment-DPP & LP Interests), resulting in a financial settlement.
- Misrepresentation of Investment Products: In two separate instances, Wagner faced allegations of misrepresenting the terms, risks, and fees associated with variable annuity products, which were both ultimately withdrawn or closed with no action.
- Unsuitable Investment Recommendations: Currently, Wagner is involved in a pending arbitration where he is accused of making unsuitable investment recommendations regarding REIT and LP interests initiated in 2015, with the client asserting the unsuitability only after being dissatisfied with the investment’s performance.
Dan Wagner, Jr Red Flags & Your Rights As An Investor
Of course, Dan Wagner, Jr did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Dan Wagner, Jr at Arkadios Capital on alert to review carefully the activity and performance of their accounts and question whether Dan Wagner, Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Arkadios Capital also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Arkadios Capital Due To Dan Wagner, Jr
If you have questions about Arkadios Capital and/or Dan Wagner, Jr and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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