Advisor Alert: Our Attorneys Are Investigating Daniel M King For Investment Fraud
Did You Lose Money Because of Dan King?
Filed: January 30, 2024
Daniel King has been the subject of two (2) regulatory events 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 M King.
Who Is Daniel M King of Kingswood Wealth Advisors, LLC and Kingswood Capital Partners, LLC?
- Advisor Name: Daniel M King
- Aliases: Dan King
- CRD: 5954543
- Location: San Diego, California
- Current Employer: Kingswood Wealth Advisors, LLC and Kingswood Capital Partners, LLC
- Previous Firms: Benchmark Investments, LLC and Newbridge Securities Corporation
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 2
- Can Daniel King Be Sued: Yes, in Private Arbitration
- Can Daniel King’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $80,000
- Highest Settlement: $20,000
If you have suffered investment losses by Daniel King, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 King For Broker Misconduct
As of this publication date, Daniel King has been the subject of 2 regulatory events and 2 customer disputes. Let’s review them below.
In August 2023, Maryland initiated a regulatory action against or in reference to Daniel King for allegedly recommending unsuitable use of margin in the accounts of two customers, causing the accounts of those customers to pay more than $46,000 in commissions, fees, and margin interest. Mr. King also allegedly employed a strategy of frequently recommending that his customers buy securities on margin only to hold the positions for a short time before selling them, causing customers to incur realized losses in addition to trading costs and margin interest.
In July 2023, FINRA initiated a regulatory action against or in reference to Daniel King for allegedly recommending unsuitable use of margin to effect trades in the accounts of two customers who were not sophisticated investors causing them to pay more than $46,000 in commissions, fees, and margin interest.
In March 2022, a complaint was filed against or in reference to Daniel King by a customer of Newbridge Securities Corporation alleging unsuitable recommendations. On June 2, 2022, Mr. King settled the claim for $20,000, and some or all of this amount may have been paid by Mr. King’s employer and/or insurance carrier.
In July 2016, a complaint was filed against or in reference to Daniel King by a customer of Newbridge Securities Corporation alleging failure to execute, unauthorized trading, and respondent superior/vicarious liability. Per the customer, he/she lost over $80,000 because of Mr. King’s actions. On January 20, 2017, Mr. King settled the claim for $12,000.
How To File A Claim Against Dan King of Kingswood Wealth Advisors, LLC and Kingswood Capital Partners, LLC (previously with Benchmark Investments, LLC and Newbridge Securities Corporation) To Get Your Money Back
If you have questions about Daniel King, Kingswood Wealth Advisors, LLC, Kingswood Capital Partners, LLC, Benchmark Investments, LLC, Newbridge Securities Corporation, 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.