The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Daniel Richard Garvin (CRD#1481768) regarding allegations made regarding the following:
Claim(s) Made Against Daniel Richard Garvin:
Claim Date: 11/16/2023
“The Statement of Claim alleges that the alternative investments recommended to claimants were unsuitable for them in light of their age, need for liquidity, and risk tolerance. It also claims that the investments were misrepresented to the claimants causing them significant damages. The investments in question were made from January, 2015 to February, 2015.”
This claim, as of this posting, is currently Pending.
As of 3/5/2024, this claim status is Settled.
Claim Date: 3/15/2023
“Claimant has limited investment experience. Accordingly, Claimant wanted investments that did not take on any unnecessary risks. Claimant brings this claim as a result of Respondent‘s misconduct in managing Claimant‘s investments. Claimant trusted and relied upon Respondent to provide her with suitable investments that met her needs and goals. For whatever reason, the Financial Advisor sold Claimant $49,000 in a speculative junk bond investment called GWG. In April 2022, GWG declared bankruptcy all but guaranteeing that the $49,000 investment will be lost. As a result of the improper recommendations, Claimant has suffered damages of approximately $49,000 during a time when the markets have enjoyed record returns. Respondent‘s misconduct, includes but is not limited to negligence, breach of fiduciary duty, breach of contract, misrepresentation, and violations of FINRA‘s conduct rules.”
This claim is currently Pending with a claim amount of $49,000.00 .
