Last Updated: September 2023 (Westlake Village, CA)
Daniel K. Beech Investigation Summary
Here’s what you need to know about Westlake Village, CA, stockbroker Daniel Beech:
- Name: Mr. Daniel Keith Beech
- Current Employer: Innovation Partners LLC & IP Financial Advisory Services
- Previous Firms: Western International Securities, Independent Financial Group, Royal Alliance Associates
- Function: Stock Broker/ Financial Advisor
- Aliases: Daniel K. Beech
- Primary Location: Westlake Village, CA
- CRD 6169844
- Can Daniel K. Beech be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No, but Wells Notice recently received. Investigation pending
- Highest Settlement: $110,000
- Customer Disputes Pending: Yes, 10 currently pending customer disputes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Daniel Beech As Your Stockbroker?
In 7/2023 a Wells Notice was sent indicating that FINRA has made a preliminary determination to recommend disciplinary action against Daniel Beech alleging that he violated FINRA Rules 2040 and 2010 by paying transaction based compensation to an unregistered person.
Wells Notice-Per the SEC Enforcement Manual:
“A Wells notice is a communication from the staff to a person involved in an investigation that: (1) informs the person the staff has made a preliminary determination to recommend that the Commission file an action or institute a proceeding against them; (2) identifies the securities law violations that the staff has preliminarily determined to include in the recommendation; and (3) provides notice that the person may make a submission to the Division and the Commission concerning the proposed recommendation.”
Daniel Beech has 10 pending and 5 prior customer disputes. The five cases that have been settled all were brought by customers of his prior employer Western International Securities. Over $350,000 was paid, cumulatively, to resolve those cases.
The 10 pending cases are also brought by customers of Daniel Beech during the time he was with Western International Securities. The cases allege unsuitable investment recommendations and seek total damages of more than $2 million. Several of the pending cases involve GWG bonds.
Allegations of Broker Misconduct Against Daniel K. Beech
Customers of Daniel K. Beech have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Unsuitable Alternative Investments
- Negligence
- Poor performance
- Unsuitable GWG Bonds
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Daniel K. Beech, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
