DID DAN EDWARD DROEG CAUSE YOU INVESTMENT LOSSES?
Dan Droeg Formerly With United Planners’ Financial Services of America A Limited Partner and Sagepoint Financial, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Dan Droeg formerly with United Planners’ Financial Services of America A Limited Partner?
Dan Droeg (CRD #1509210) who was formerly registered with United Planners’ Financial Services of America A Limited Partner and located in Mesa, Arizona, is a subject of one of our many securities industry sales practice abuse investigations. Prior to United Planners’ Financial Services of America, A Limited Partner, Dan Droeg was associated with Sagepoint Financial, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Dan Droeg has had his own regulatory problems. He has been suspended for failure to comply with an arbitration award in favor of an investor. The adviser has also been permanently barred by FINRA for many further associations with any member firm in any capacity for allegedly converting assets of a trust by using his authority as a trustee to surrender a variable annuity contract owned by the trust and then transferring over $878,000 from the trust’s bank account to his own bank accounts. As a result, he was terminated by United Planners Financial Services of America.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Dan Droeg Customer Complaints
Dan Droeg has been the subject of 3 customer complaints that we know about seeking to recover investment losses. Two customer complaints were settled by his former employer’s in favor of investors for his alleged misconduct. Another FINRA arbitration proceeding was recently filed against Grove Point Investments and Woodbury Financial Services for Dan Droeg’s alleged misconduct seeking over $980,000 in damages and still pending.
Allegations Against Dan Droeg
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Misappropriation of client funds.
- Unsuitable investment recommendation of equity indexed annuity and mutual fund.
- Unsuitable recommendations resulted in overconcentration of liquid investments in numerous variable annuity contracts. Incorrect reporting of the values and performance of securities resulting in excess distributions, unnecessary fees, and poor performance.
Dan Droeg Red Flags & Your Rights As An Investor
Of course, Dan Droeg 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 Droeg at United Planners’ Financial Services of America A Limited Partner and Sagepoint Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Dan Droeg has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at United Planners’ Financial Services of America, A Limited Partner and Sagepoint Financial, Inc. 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 United Planners’ Financial Services of America A Limited Partner Due To Dan Droeg
If you have questions about United Planners’ Financial Services of America A Limited Partner, Sagepoint Financial, Inc. and/or Dan Droeg 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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