Did You Lose Money Because of Dan Pimental?
Filed: February 9, 2024
Daniel Pimental (also known as Dan Pimental) has been the subject of three (3) 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 Lawrence Pimental.
Who Is Daniel Lawrence Pimental?
- Advisor Name: Daniel Lawrence Pimental
- Aliases: Dan Pimental, Daniel Pimental
- CRD: 2196343
- Location: Hingham, Massachusetts
- Current Employer: Currently Not Registered
- Previous Firms: Wells Fargo Advisors Financial Network, LLC, Raymond James Financial Services, Inc., and Goldman, Sachs & Co.
- Number of Known Customer Complaints: 3
- Can Daniel Pimental Be Sued: Yes, in Private Arbitration
- Can Daniel Pimental’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $3,000,000
- Highest Settlement: $700,000
If you have suffered investment losses by Daniel Pimental, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Pimental For Broker Misconduct
As of this publication date, Daniel Pimental has been the subject of 3 customer disputes. Let’s review them below.
In January 2020, a FINRA arbitration was filed against or in reference to Daniel Pimental by a customer of Raymond James Financial Services, Inc. and Wells Fargo Advisors Financial Network, LLC alleging churning, unsuitability, unauthorized trading, negligent supervision, breach of fiduciary duty, negligence, material misrepresentations and omissions, fraud, breach of contract, violations of federal securities laws by unsuitable and unauthorized trading, and making materially false statements; violations of state Blue Sky Laws and Massachusetts General Laws, Chapter 93A; and violations of FINRA, NYSE, NASD and SEC regulations. An arbitration panel found that Daniel Pimental was negligent and awarded $67,917 in favor of the customers.
In May 2008, a complaint was filed against or in reference to Daniel Pimental by a customer of Goldman, Sachs & Co. alleging that investments made in the client’s account were inconsistent with stated investment objectives. On October 13, 2008, Mr. Pimental settled the claim for $14,138, and some or all of this amount may have been paid by Mr. Pimental’s employer and/or insurance carrier.
In March 2002, a complaint was filed against or in reference to Daniel Pimental by a customer J.P. Morgan Securities, Inc. alleging that from April 1999 through December 2001, the customers invested in technology stocks and incurred a substantial aggregate net loss as a result. Per the customers, they lost over $3,000,000 because of Mr. Pimental’s actions. On September 13, 2002, Mr. Pimental settled the claim for $700,000, and some or all of this amount may have been paid by Mr. Pimental’s employer and/or insurance carrier.
How To File A Claim Against Dan Pimental (previously with Wells Fargo Advisors Financial Network, LLC, Raymond James Financial Services, Inc., and Goldman, Sachs & Co.) To Get Your Money Back
If you have questions about Daniel Pimental, Wells Fargo Advisors Financial Network, LLC, Raymond James Financial Services, Inc., Goldman, Sachs & Co., 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.
