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David Karandos Formerly With Dinosaur Financial Group, LLC Has 7 Customer Complaints For Alleged Broker Misconduct

Who is David Karandos formerly with Dinosaur Financial Group, LLC?

David Karandos (CRD #1934119) who was formerly registered with Dinosaur Financial Group, LLC and located in Indianapolis, Indiana has been the subject of three regulatory investigations and actions and permanently barred from association with any FINRA member firm. He is also a subject of one of our many securities industry sales practice abuse investigations.  

David Karandos Customer Complaints

David Karandos has been the subject of 7 customer complaints that we know about, 3 of those complaints were filed in the last year to recover investment losses. Three of David Karandos’ 7 customer complaints were settled in favor of investors. One of David Karandos’ customer complaints was denied and, to date, the customer has not taken any further action. There are currently 3 pending customer complaints filed against David Karandos’ former employers Dinosaur Financial Group, LLC and DLG Wealth Management LLC for investment losses caused by the alleged misconduct.

Allegations Against David Karandos

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

  • Breach of Fiduciary Duty to Indiana Teachers Association in making excessive alternative investments
  • Breach of Fiduciary Duty in making unsuitable recommendations of volatile, high risk, and illiquid investments.
  • Unsuitable and unauthorized transactions
  • Unsuitable recommendations to invest in private placements and viatical settlement contracts
  • Unsuitable recommendations of alternative investments

David Karandos Red Flags & Your Rights As An Investor

Of course, David Karandos 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 which should put all current and former customers of David Karandos at Dinosaur Financial Group, LLC on alert to review carefully the activity and performance of their accounts and question whether David Karandos has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Dinosaur Financial Group, LLC also raises questions about the brokerage firms’ 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 Dinosaur Financial Group, LLC Due To David Karandos

If you have questions about Dinosaur Financial Group, LLC and/or David Karandos 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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