DID DANIEL MATTHEW LUNDQUIST CAUSE YOU INVESTMENT LOSSES?
Daniel Lundquist Of Ausdal Financial Partners, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Daniel Lundquist Ausdal Financial Partners, Inc.?
Daniel Lundquist (CRD #2784929) , located in Elgin, Illinois, has been a registered securities broker since 1996 and is currently employed by Ausdal Financial Partners, Inc. as a registered broker and investment adviser, based in Elgin, Illinois, providing investment-related services, including insurance and financial advice.. Lundquist has previously worked with several firms, including LPL Financial LLC, Sheridan Road Advisors, and AXA Advisors, showcasing extensive experience in the financial industry. He also holds a Certified Financial Planner (CFP) designation. Lundquist has passed two general industry/product exams and two multi-state securities law exams, including the Series 7 and Series 65, but does not hold any principal or supervisory qualifications. He holds licenses in 18 U.S. states and territories and is affiliated with one self-regulatory organization (SRO).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Daniel Lundquist Customer Complaints and Reviews
Two Customer Disputes were noted:
- Customer Dispute 1:
- Date Received: February 26, 2024
- Complaint: The customer claimed unsuitable investments and lack of due diligence related to the purchase of GWG L Bonds in March 2021.
- Alleged Damages: $50,000
- Outcome April 19, 2024: Settled for $30,000, with Lundquist contributing $27,000 personally.
- Customer Dispute 2:
- Date Received: September 6, 2023
- Complaint: Breach of fiduciary duty, negligence, and failure to supervise GWG L Bonds.
- Alleged Damages: between $50,000 and $100,000.
- Outcome September 18, 2024: Settled for $20,000 on with Lundquist contributing $18,000 personally.
Allegations Against Daniel Lundquist
- Customer Complaint Allegations:
- Unsuitable Investments (2024 Settlement):
- The customer alleged that Lundquist failed to perform due diligence and recommended unsuitable investments in GWG L Bonds in 2021.
- Breach of Fiduciary Duty (2023 Settlement):
- The allegations included breach of fiduciary duty, negligent misrepresentation, and regulatory violations.
- Key Takeaways:
- Both disputes involved GWG L Bonds and similar allegations of unsuitable investments and fiduciary breaches. The substantial personal contributions to the settlements suggest significant accountability.
Daniel Lundquist Red Flags & Your Rights As An Investor
Of course, Daniel Lundquist 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 Daniel Lundquist at Ausdal Financial Partners, Inc. on alert to review carefully the activity and performance of their accounts and question whether Daniel Lundquist has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ausdal Financial Partners, Inc. also raises questions about the brokerage firm’s 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 Ausdal Financial Partners, Inc. Due To Daniel Lundquist
If you have questions about Ausdal Financial Partners, Inc. and/or Daniel Lundquist 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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