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Investor Alleges Dale McCarty Misrepresented DPP

Nov 14, 2022 Misrepresentation

Dale McCarty (CRD #: 5676607), a broker registered with Brokers International Financial Services, allegedly misrepresented an investment product, according to his BrokerCheck record, accessed on November 4, 2022. Investors may have also engaged his services through Brokers Financial or Retirement Designers. Read on if you have questions about his conduct as a broker.

Investor Dispute

On September 16, 2022, an investor alleged that Dale McCarty misrepresented a direct participation program (DPP) as being only a three-year investment. The client further alleged that the DPP was a scam and that Dale McCarty engaged in elder financial exploitation. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive and manipulative tactics, including the omission or misrepresentation of material facts, in relation to the purchase and sale of securities.

What is a direct participation program?

A direct participation program (DPP) allows investors to buy shares of private companies. However, DPPs are illiquid and investors do not have access to financial information about the companies they invest in.

Background Information

Dale McCarty has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Dale McCarty is a registered broker in Texas and Virginia. He is also a registered investment adviser in Texas.

Kurta Law Can Help

If you worked with Dale McCarty and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.