Last Updated: February 2024 (Elgin, IL)
Daniel Lundquist Investigation Summary
Here’s what you need to know about Elgin, IL, stockbroker Daniel Lundquist:
- Name: Mr. Daniel Matthew Lundquist
- Current Employer: Ausdal Financial Partners
- DBA: Medigap Referrals
- Previous Firms: LPL Financial, Independent Financial Partners
- Function: Stock Broker/ Financial Advisor
- Aliases: Dan Lundquist
- Primary Location: Elgin, IL
- CRD 2784929
- Can Dan Lundquist be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $50,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Daniel Lundquist As Your Stockbroker?
A customer of Ausdal Financial Partners filed a FINRA arbitration in 9/2023 alleging that Dan Lundquist was negligent and violated Regulation Best Interest Rule when he recommended an investment in GWG L Bonds. Damages of $50,000 are sought in this currently pending matter.
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Daniel Lundquist
A customer of Dan Lundquist has alleged the following wrongdoing in connection with the handling of customer accounts:
Violation of Regulation Best Interest for Recommending GWG L Bond
- Breach of Fiduciary Duty
- Negligence
- Breach of Contract
[LEARN MORE]: Other Investigations of GPB Holdings
[LEARN MORE]: How to recover losses on GWG Bonds-UPDATE
[LEARN MORE]: Overwhelmed by GWG Losses Some Broker Dealers Are Shutting Down
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
[LEARN MORE]: Other Investigations of Ausdal Financial Partners brokers
If you have suffered investment losses in an account handled by Dan Lundquist, contact us for a complimentary consultation with an experienced 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.
