Were you the victim of former Calton & Associates, Inc. broker Daryl Calton (CRD# 1002304), who is accused of unsuitable investment recommendations? He was registered with Calton & Associates, Inc. in Mesa, Arizona, from 1991 to 2023.
In 1991, he faced a regulatory sanction by the Arizona Corporation Commission, Securities Division related to “violations of Arizona securities statutes in the offering and selling of securities within or from Arizona. failed to timely update his U4 form, and not of good business reputation or not qualified by training or experience.” He was sanctioned to pay a $250 monetary fine, and he was suspended.
Daryl Calton Customer Complaints
He has been the subject of four customer complaints between 2003 and 2023, one of which was denied, according to his CRD report. The most recent complaints were regarding:
March 2024. “Client alleges Mr. Calton made unsuitable investments.” The customer is seeking $50,000.01 in damages, and the case is currently pending.
August 2023. “Client alleges Mr. Calton made unsuitable recommendations to her and her late husband.” The customer is seeking $236,200 in damages, and the case is currently pending.
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, Calton & Associates, Inc. may be liable for investment or other losses suffered by Daryl Calton’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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