Last Updated: September 2023 (New York, NY)
Dan King Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Daniel M. King:
- Name: Mr. Daniel M. King
- Current Employer: Currently Suspended
- Previous Firms: Kingswood Capital Partners, Benchmark Investments, Newbridge Securities Corp.
- Function: Former Stock Broker/ Financial Advisor
- Aliases: Dan King
- Primary Location: New York, NY
- CRD 5954543
- Can Dan King be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement: $20,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Dan King As Your Stockbroker?
In 7/2023 FINRA fined Dan King $10,000 , ordered him to pay restitution of $33,374 aned suspended him for two months to resolve allegations that he recommended the unsuitable use of margin in two customer’s accounts causing them to pay more than $46,000 in commissions, fees and margin interest. According to FINRA King recommended the use of margin to leverage additional buying power while also employing a short-term trading strategy. As a result of King’ s strategy one customer, a retired repairman, had trading losses of more than $22,000. A second customer, an IT account manager had trading losses of more than $57,000.
In 6/2022 a customer of Newbridge Securities was paid $20,000 to resolve allegations that King made unsuitable recommendations.
Allegations of Broker Misconduct Against Dan King
Customers of Dan King have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
Securities regulators have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable use of margin borrowing
- Unsuitable strategy of short term trading
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 Dan King, 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.
