Can you recover losses due to recommendations by former Dempsey Lord Smith, LLC broker Daniel Kistler (CRD# 6203300)? He has been registered with Dempsey Lord Smith, LLC in Rome, Georgia, since 2016. He was registered with Retirement Cash Flow Group, LLC in Alpharetta, Georgia, from 2019 to 2020, Roger’s Retirement Readiness Alliance LLC in Alpharetta, Georgia, from 2016 to 2018, Coastal Equities, Inc. in San Diego, California, in 2016, and Waddell & Reed in Lincoln, Nebraska, from 2014 to 2016.
Daniel Kistler Customer Complaints
He has been the subject of two customer complaints between 2020 and 2023, according to his CRD report:
December 2023. “Failed to conduct reasonable due diligence unsuitable recommendation of high-risk investment.” The customer is seeking $100,001 in damages, and the case is currently pending. The complaint was regarding direct investments, and it took place while he was registered with Dempsey Lord Smith, LLC.
September 2020. “Clients state that they do not qualify as accredited investors under 506d of regulation d but were solicited and sold accredited investor products. breach of fiduciary duty and negligence.” The customer sought $101,000 in damages, and the case was settled for $85,000. The complaint was regarding direct investments, and it took place while he was registered with Dempsey Lord Smith, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Dempsey Lord Smith, LLC may be liable for investment or other losses suffered by Daniel Kistler’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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