DID DARRELL DOMINIC DELPHEN CAUSE YOU INVESTMENT LOSSES?
Darrell Delphen Of Independent Financial Group, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Darrell Delphen of Independent Financial Group, LLC?
Darrell Delphen (CRD #1603277) is a registered broker currently employed with Independent Financial Group, LLC in Dallas, Texas, a position he has held since May 18, 2012. Over his extensive career, Delphen has been registered with multiple firms including Cornerstone Financial Services, Cambridge Legacy Securities L.L.C., and InterSecurities, Inc. He is licensed in 31 U.S. states and territories and has passed two general industry/product exams and two multi-state securities law exams. His registration history indicates broad experience across a diverse range of financial services and markets.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Darrell Delphen Customer Complaints and Reviews
Darrell D. Delphen has several customer disputes recorded in his disclosure events:
- Customer Dispute 1 (Closed-No Action): In early 2004, a client alleged that Delphen solicited her to purchase an unsuitable variable annuity and misrepresented the product. The claim, which involved alleged damages of $40,000, was denied and closed with no action.
- Customer Dispute 2 (Closed-No Action): In September 2000, clients alleged that their investments were placed in high-risk funds against their instructions, causing losses. This dispute also ended with no action taken after an investigation showed the clients had selected the funds themselves.
- Customer Dispute 3 (Pending): As of May 24, 2024, there is a pending complaint involving an investment in a non-traded REIT, which the client alleges was not suitable. The complaint involves alleged damages of $59,000. The firm is currently defending the claim, stating that initial investigations do not support the allegations.
Allegations Against Darrell Delphen
- Allegations in Closed Customer Disputes:
- 2004 Variable Annuity: Allegations of unsuitability and misrepresentation of product details. The complaint was denied, with no action taken.
- 2000 High-Risk Funds: Allegations that investments were placed contrary to client instructions. The firm’s investigation supported the claim that the investments were mutually agreed upon, and the dispute was closed with no action.
- Pending Allegations:
- 2024 Non-Traded REIT: The client alleges the investment was not suitable, focusing on a single asset within a broader portfolio. The firm denies the allegations, highlighting that other investments in the portfolio were profitable. This case is currently pending arbitration.
Darrell Delphen Red Flags & Your Rights As An Investor
Of course, Darrell Delphen 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 Darrell Delphen at Independent Financial Group, LLC on alert to review carefully the activity and performance of their accounts and question whether Darrell Delphen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Independent Financial Group, LLC 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 Independent Financial Group, LLC Due To Darrell Delphen
If you have questions about Independent Financial Group, LLC and/or Darrell Delphen 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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