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Investor Seeks Six Figures in Dispute with Dan Winn

May 27, 2022 Excessive Trading

Dan Winn (CRD #: 4200300), a broker registered with Newbridge Securities, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 22, 2022. Keep reading to learn more about Dan Winn’s conduct as a broker.

Investor Dispute

In a dispute filed on February 25, 2022, an investor alleges that Dan Winn committed constructive fraud, churning, negligence, negligent supervision, and breached his contract. The client seeks $854,247 in this pending dispute.

FINRA Rules 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to match investors’ profiles. Investors’ profiles contain information such as their tax status, risk tolerance, and other investments.

Churning, another name for excessive trading, violates this rule by generating a high volume of fees which cut into investors’ returns. Investors who feel their losses were caused by excessive trading or other violations of suitability can pursue FINRA arbitration to recoup their losses.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of all forms of deception and manipulation to influence the purchase or sale of securities, including misrepresentation and omission of facts. 

What is broker negligence?

Many broker behaviors can qualify as negligent, including churning, unauthorized trading, and failure to supervise. Investors may be able to recover money lost through broker negligence by pursuing FINRA arbitration.

Tax Lien

On January 29, 2021, Dan Winn faced a $3,454.82 tax lien.

Discharge from LPL Financial

On September 13, 2017, Dan Winn was fired from LPL Financial after allegedly failing to disclose reportable events on his Form U4 (Uniform Application for Securities Industry Registration or Transfer).

FINRA Rule 1122

FINRA Rule 1122 requires members to maintain accurate and up-to-date membership records and to correct any misleading or incomplete information.

Background Information

Dan Winn has passed the following exams:

  • Series 66 - Uniform Combined State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 31 - Futures Managed Funds Examination
  • Series 7 - General Securities Representative Examination

Dan Winn is a registered broker and a registered investment adviser in California.

He has also worked for the following firms:

  • LPL Financial (CRD#:6413)
  • IFS Advisory (CRD#:154680)
  • IFS Securities (CRD#:40375)
  • Raymond James Financial Services Advisors (CRD#:149018)
  • Raymond James Financial Services (CRD#:6694)
  • M.L. Stern & Company (CRD#:8327)
  • Morgan Stanley DW (CRD#:7556)

Kurta Law Can Help

If you worked with Dan Winn 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.