Advisor Alert: Our Attorneys Are Investigating Daniel G. Dillard For Investment Fraud
Did You Lose Money Because of Dan Dillard?
Filed: October 30, 2023
Dan Dillard (also known as Daniel Dillard) currently has one (1) pending judgment/lien event. Overall, he has been the subject of one (1) regulatory event, one (1) termination event, one (1) judgment/lien event, and two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Daniel G Dillard.
Who Is Daniel G Dillard?
- Advisor Name: Daniel G Dillard
- Aliases: Dan Dillard
- CRD: 4289333
- Location: Austin, Texas
- Current Employer: Currently Not Registered
- Previous Firms: Union Capital Company, Sagepoint Financial, Inc., and LPL Financial LLC
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 1
- Can Daniel Dillard Be Sued: Yes, in Private Arbitration
- Can Daniel Dillard’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,500,000
- Highest Settlement: $215,000
If you have suffered investment losses by Daniel Dillard, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Dan Dillard For Broker Misconduct
As of this publication date, Daniel Dillard has been the subject of 1 regulatory event, 1 termination event, 1 judgment/lien event and 2 customer disputes. Let’s review them below.
In January 2021, a FINRA arbitration was filed against or in reference to Daniel Dillard by multiple customers of SagePoint Financial, Inc. alleging Mr. Dillard’s recommendations of certain private placement investments were not suitable, and that the Firm did not conduct proper due diligence on certain investments. Per the customers, they lost over $1,500,000 because of Mr. Dillard’s actions. On July 21, 2022, Mr. Dillard settled the claim for $215,000, and some or all of this amount may have been paid by Mr. Dillard’s employer and/or insurance carrier.
In June 2020, a FINRA arbitration was filed against or in reference to Daniel Dillard by a customer of SagePoint Financial, Inc. alleging that Mr. Dillard recommended unsuitable investments, made misrepresentations/omissions, and breached fiduciary duties. On October 19, 2021, Mr. Dillard settled the claim for $85,000, and some or all of this amount may have been paid by Mr. Dillard’s employer and/or insurance carrier.
In December 2018, Daniel Dillard was the subject of a civil judgment or lien in the amount of $59,428.33. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor. As of this publication date, this event remains pending.
In September 2015, FINRA initiated a regulatory action against or in reference to Daniel Dillard. Without admitting or denying the findings, Dillard consented to the sanctions and to the entry of findings that he tracked his progress towards generating $1,500,000 in net commissions, as part of a financial institution services agreement with a third party, using his member firm’s year-to-date commission summaries. The findings stated that once he reached that amount, Dillard took an internal firm form that he submitted previously to his firm and falsified it by altering the commission distribution percentages to reflect 25 percent to the third party and 75 percent to Dillard, reusing the third party President’s prior signature, and then submitting the falsified form to his firm. Dillard changed the commission distribution percentages and reused the third party president’s prior signature without the third party’s knowledge, authorization, or consent. The findings also stated that Dillard’s actions caused his firm to maintain inaccurate books and records.
In April 2013, LPL Financial LLC terminated Daniel Dillard for submitting an altered document regarding the advisor’s commission split with the bank, previously signed by the bank CEO, to the firm.
How To File A Claim Against Dan Dillard (previously with Union Capital Company, Sagepoint Financial, Inc., and LPL Financial LLC) To Get Your Money Back.
If you have questions about Daniel Dillard, Union Capital Company, Sagepoint Financial, Inc., LPL Financial LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.