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Daniel George McPherson Formerly with Cetera Advisors, LLC Has 3 Customer Complaints for Alleged Broker Misconduct

Who is Daniel G. McPherson formerly with Cetera Advisors, LLC?

Daniel McPherson (CRD #4964802) who was formerly registered with Cetera Advisors, LLC and located in Idaho Falls, Idaho is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to Cetera Advisors LLC, Daniel McPherson was associated with 4 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Cetera Advisors, LLC Broker Misconduct

In his career, Daniel McPherson has been the subject of 3 customer complaints that we know about, one of those complaints were filed in the last year to recover investment losses.

One of Daniel McPherson’s 3 customer complaints was settled in favor of investors for $1 million. There is currently one pending customer complaint filed against Daniel McPherson’s former employer Cetera Advisors, LLC for investment losses caused by his alleged misconduct.

Allegations Against Daniel McPherson  

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The claimant alleged that Daniel McPherson made unsuitable investment recommendations to invest in variable annuities, real estate securities, and other private placement investments.
  • The client alleged that Daniel McPherson made an unsuitable equity-indexed annuities (EIA) investment recommendation.
  • The claimant alleged that Daniel McPherson made misrepresentations in unsuitable investment recommendations to invest in equipment leasing and oil and gas private placements, and a Tenant in Common (TIC) investment.

Daniel McPherson Red Flags & Your Rights as An Investor

Of course, Daniel McPherson 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 that should put all current and former customers of Daniel McPherson at Cetera Advisors, LLC on alert to review carefully the activity and performance of their accounts and question whether Daniel McPherson has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Cetera Advisors, LLC also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses at Cetera Advisors, LLC

If you have questions about Cetera Advisors, LLC and/or Daniel McPherson 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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