DID DARYL RAY CALTON CAUSE YOU INVESTMENT LOSSES?
Daryl Calton Formerly With Calton & Associates, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
About Daryl Calton formerly with Calton & Associates, Inc.?
Daryl Calton (CRD #1002304) has had a long-standing presence in the securities industry, although he is not currently registered. Over his career, he has been affiliated with various firms, most notably Calton & Associates, Inc. in Mesa, Arizona, where he worked from February 1991 to December 2023. His tenure in the industry began in 1981, with prior registrations at First Affiliated Securities, Inc., Ambanc Securities, Inc., and Buchanan & Co., Inc. Calton has passed a total of 7 exams, including 1 principal/supervisory exam, 5 general industry/product exams, and 1 multi-state securities law exam. These qualifications have equipped him with extensive knowledge and experience in various facets of the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Daryl Calton Customer Complaints and Reviews
Daryl Calton’s professional record includes several disclosures:
- Regulatory Event (1): On May 2, 1991, the Arizona Corporation Commission imposed a penalty due to violations of Arizona securities statutes, lack of timely updates to his U4 form, and issues related to his business reputation and qualifications. The resolution included a $250 administrative penalty and a one-year suspension.
- Customer Disputes (4): Calton faced multiple customer disputes over the years:
- Settled Dispute: In one instance, he settled a dispute for $14,999 on October 4, 2012, where the allegations included breach of fiduciary duties and fraud related to real estate securities.
- Closed-No Action: Another dispute was closed without action on July 13, 2005, involving suitability issues with mutual funds.
- Pending Disputes: There are currently two pending disputes. One involves allegations of unsuitable investments in REITs, seeking damages between $50,000.01 and $99,000. The second, filed in state court, alleges unsuitable recommendations resulting in $236,200 in damages, with proceedings ongoing.
Allegations Against Daryl Calton
- Regulatory Actions:
- Violations of Arizona securities laws, failure to update U4 form in a timely manner, and concerns about business reputation and qualifications, leading to administrative penalties and registration suspension.
- Customer Complaints:
- Allegations of breach of fiduciary duties, fraud, negligence, and violations of Arizona securities laws, leading to financial settlements.
- Suitability issues with mutual funds and real estate securities, with some disputes resulting in settlements and others pending further legal action.
Daryl Calton Red Flags & Your Rights As An Investor
Of course, Daryl Calton 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 Daryl Calton at Calton & Associates, Inc. on alert to review carefully the activity and performance of their accounts and question whether Daryl Calton has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Calton & Associates, 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 Calton & Associates, Inc. Due To Daryl Calton
If you have questions about Calton & Associates, Inc. and/or Daryl Calton 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.
Rate this Post
Loading...