DID ROLLAN ERROL DIZON CAUSE YOU INVESTMENT LOSSES?
About Rollan Dizon of Creative Planning?
Rollan Dizon (CRD #2899455) has over two decades of experience in the financial services industry. He has worked with two notable firms: Strategic Advisers, Inc. (1999–2014) and Creative Planning (2014–2022), where he served as an Investment Advisor Representative. His expertise spans diverse investment products, including options and fixed-income securities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Rollan Dizon Customer Complaints and Reviews
Dizon has two Disclosures listed:
- Customer Dispute Filed July 28, 2023.
- Allegations: Breach of contract, fiduciary duty, negligence, misrepresentation, and other claims related to options trading between September 2020 and May 2023.
- Alleged Damages: $5,000,000.
- Firm Involved: Creative Planning, LLC.
- Status: Pending arbitration with JAMS (Case #5460000640).
- Customer Dispute (Settled)
- Allegations: Unsuitable recommendation of a fixed-income security (Lehman Brothers Principal Protected Securities) that declined in value after the Lehman bankruptcy. The client claimed they were not adequately informed of associated risks.
- Alleged Damages: $400,000.
- Settlement Amount: $137,040, with no contribution from the advisor.
- Firm Involved: Fidelity Brokerage Services LLC.
- Status: Settled on August 23, 2010, following FINRA arbitration (Case #09-3422).
Allegations Against Rollan Dizon
- Options Trading Dispute (Pending): The client alleges significant misconduct, including breaches of fiduciary duty and negligence, during options trades conducted over three years. The substantial claimed damages and arbitration proceedings suggest this dispute’s importance for potential clients to monitor.
- Fixed-Income Security Dispute (Settled): This older case involved allegations of unsuitable investment recommendations and inadequate disclosure of risks. Despite the advisor’s claim of proper communication, the settlement indicates a compromise. However, the advisor did not contribute to the settlement, suggesting no direct finding of personal wrongdoing.
These cases, while not definitive of misconduct, highlight the importance of due diligence and clear communication in complex investment scenarios.
Rollan Dizon Employment History
Employment History:
- Creative Planning (Investment Advisor Representative) – 2014 to 2022.
- Strategic Advisers, Inc. – 1999 to 2014.
- Registration Details: Registered as an Investment Adviser Representative in multiple states during his tenure but is no longer actively registered.
Exams Passed:
- Series 65 (Uniform Investment Adviser Law) – Passed July 29, 1997.
- Professional Designation:
- Certified Financial Planner (CFP).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary duty to act in the best interest of their clients, placing the client’s interests above their own. This includes providing full disclosure about nature, mechanics, and risks of any recommended investment strategies or activities. Advisors must ensure that clients understand the potential outcomes, costs, and risks associated with investments, enabling them to make informed decisions. The duty of care requires advisors to exercise skill, diligence, and prudence in managing client portfolios, ensuring that recommendations are suitable for each client’s specific financial goals, risk tolerance, and circumstances. This fiduciary responsibility is essential in maintaining trust and ensuring the advisor’s decisions prioritize the client’s needs.
Option Trading Can Be Extremely Risky
Option trading can be highly risky, particularly when it involves complex strategies or high leverage. Options give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a set period. While options can be used to hedge risks, they can also amplify losses, especially for inexperienced investors. Investment advisors who engage in options trading on behalf of clients must carefully consider the client’s risk tolerance and ensure they fully understand the potential outcomes.
More risky options strategies, such as naked calls or puts, involve selling options without holding the underlying asset. This exposes the investor to unlimited losses if the market moves unfavorably. For example, in a naked call strategy, an advisor sells a call option without owning the underlying stock. If the stock price rises significantly, the client could face substantial losses, as they would be obligated to buy the stock at a much higher price. Due to these risks, it’s crucial for advisors to fully explain the strategy and its potential consequences before engaging in such transactions.
Rollan Dizon Red Flags & Your Rights As An Investor
Of course, Rollan Dizon 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 Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Rollan Dizon has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning 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 Creative Planning Due To Rollan Dizon
If you have questions about Creative Planning and/or Rollan Dizon 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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