Dan Charles Vismor (CRD #5321492) Has Customer Dispute Disclosures on FINRA BrokerCheck

Dan Charles Vismor (CRD #5321492) was previously registered as a broker and has customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 27, 2026. It reflects three customer disputes. If you invested with Dan Vismor and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Dan Vismor’s FINRA BrokerCheck Report reflects three customer dispute disclosures. Two disputes are pending. One dispute is settled. Summaries of two pending disputes are below. One additional customer dispute remains listed in this category.

On February 25, 2026, a customer alleged unsuitable recommendations by Dan Vismor. The customer also alleged misrepresentation, omission, and breach of fiduciary duty. Dan Vismor’s FINRA BrokerCheck lists the product as a private placement called Energy 12. The customer sought $200,000 in damages. The pending FINRA arbitration is listed under docket 26-00384.

On February 11, 2021, a customer alleged that J.P. Turner allowed registered representatives to recommend unsuitable investments. Dan Vismor’s FINRA BrokerCheck lists the products as CDs and corporate debt. The customer sought $125,000 in damages. The FINRA arbitration is listed under docket 20-03893.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. The recommendation should match the customer’s investment profile. That profile includes risk tolerance, liquidity needs, and investment goals.

Rule Summary #2: FINRA Rule 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices)

FINRA Rule 2020 prohibits manipulative, deceptive, or fraudulent conduct in securities transactions. Disputes involving misrepresentation or omission may raise questions under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Dan Vismor:

Was previously registered with David Lerner Associates, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Dan Vismor has also passed Series 7 and Series 66.

Was previously registered with firms that include Newbridge Securities Corporation, Centaurus Financial, Inc., and J.P. Turner & Company, L.L.C.

Kurta Law Can Help

If you have worked with Dan Vismor and have concerns about his activity, Kurta Law may be able to help. The firm can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Misrepresentation and Omission

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. An attorney can review the facts. Then the attorney can explain possible next steps.