Marco A Daniel (Marco Daniel) Licensed with PFS Investments Inc., Suspended from Securities Industry -- Goodman & Nekvasil P.A, May Recover Investor Losses
Goodman & Nekvasil P.A, May Recover Investor Losses - Marco A Daniel (Marco Daniel) Licensed with PFS Investments Inc., Suspended from Securities Industry
Since 2005, Marco Daniel has been licensed with PFS Investments Inc. in Chula Vista, California.
FINRA brought a disciplinary action against Marco Daniel in 2016. FINRA reports that Marco Daniel consented to a 4-month suspension from the securities industry. Marco Daniel consented to the entry of findings that, contrary to Marco Daniel’s member firm’s written policies and procedures, Marco Daniel borrowed a total of $19,015 from a customer of the firm. According to FINRA, these loans were not repaid until after the customer complained to the firm. The findings stated that Marco Daniel certified on the firm’s annual compliance questionnaire that Marco Daniel had read and understood the firm’s policies and procedures, and inaccurately certified to the firm on an annual compliance questionnaire that Marco Daniel had not borrowed money from any customer. The findings stated that Marco Daniel did not disclose the loans or receive approval from the firm. The findings also stated that Marco Daniel engaged in an outside business activity (purchasing pre-owned automobiles at a dealer auction with the intent to sell the automobiles for profit) without providing any notice to Marco Daniel’s firm. FINRA also reports that the State of California Department of Insurance brought an enforcement action against Marco Daniel in 2017 by suspending Marco Daniel for 14 days.
FINRA reports an arbitration claim/complaint alleging sales practice violations against Marco Daniel. The claim alleged that Marco Daniel borrowed money from a customer that has not been repaid and that Marco Daniel accepted money to purchase shares of Primerica Stock and that Marco Daniel failed to return the customer’s purchase money and gains when Marco Daniel later sold the shares. The claim was settled for $26,415 and Marco Daniel contributed $12,000 of the settlement.
If you lost any money on investments with Marco Daniel, you may be able to recover your losses from PFS Investments Inc. This is because PFS Investments Inc. had a duty to supervise Marco Daniel.
If you lost money on investments with Marco Daniel, and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against PFS Investments Inc., concerning Marco Daniel’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq, formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on any investments with Marco Daniel and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Keywords: Marco Daniel, PFS Investments, FINRA, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, SecuritiesBack to Blogs