Were you the victim of former Cape Investment Advisory, Inc. and Cape Securities Inc. broker Darwin Dees (CRD# 4662702) who is accused of unsuitable investment recommendations? He has been registered with Kovack Securities Inc. in Tifton, Georgia, since 2022. Previously, he was registered with Cape Investment Advisory, Inc. in Tifton, Georgia from 2020 to 2022. Prior to then, he was registered with GWN Securities Inc. in Adel, Georgia, from May to June 2015.
In 2009 and 2010, he receive two regulatory sanctions. The State of Georgia suspended him for one year in 2010, and previously the Florida Department of Financial Services suspended him for 30 days
Darwin Dees Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
November 2022. “Client alleges that representative recommended unsuitable investments and recommended selling positions that resulted in large capital gains taxes.” The customer is seeking $162,000 in damages and the case is currently pending. The complaint took place while he was registered with Cape Investment Advisory, Inc. and it was regarding variable annuities, equity OTC, and common and preferred stocks.
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, Cape Securities Inc. may be liable for investment or other losses suffered by Darwin Dees’ 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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