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Daniel Beech Named in Suitability and Negligence Allegations

Daniel Beech (CRD #: 6169844), a broker registered with Innovation Partners, is involved in several pending disputes, according to his BrokerCheck record, accessed on July 10, 2023. Investors may have also engaged his services through IP Financial Advisory Services. If you want to learn more about Daniel Beech’s conduct as a broker, keep reading.

Pending Investor Disputes

On April 21, 2023, an investor filed a dispute alleging that Daniel Beech engaged in negligent misrepresentation and other negligence. 

On January 11, 2023, an investor filed a dispute alleging that Daniel Beech engaged in negligent conduct and violated the suitability rule.

Investors also named Daniel Beech in four pending disputes, filed in October and November 2022, making undisclosed allegations regarding his conduct but seeking reimbursement for certain investments. The dispute asking for the largest damages seeks $1 million.

Three disputes filed in June and July 2022 allege that Daniel Beech recommended unsuitable investments. Investors seek $938,150 in damages.

Two more pending disputes, filed on April 29 and June 9, 2022, alleged that Daniel Beech engaged in negligent conduct. One client seeks $300,000 in damages.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent tactics to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to their client’s profiles. Investors’ profiles describe their investment goals, risk tolerance, and other characteristics.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

What qualifies as broker negligence?

Many types of broker behavior can qualify as negligent. Common forms of negligence include excessive or unauthorized trading, unsuitable investment recommendations, and making misrepresentations about investments.

Investors who lose money through broker negligence may be able to recover their losses through FINRA arbitration.

Settled and Denied Disputes

A dispute filed on June 29, 2022, named Daniel Beech in an allegation involving the unsuitability of investments. This dispute was denied by the firm.

Investors should know that firms can deny disputes without an external review. Investors may be able to recoup their losses by seeking out FINRA arbitration after a denial.

A dispute filed on August 27, 2021, made allegations involving Daniel Beech and the performance of the client’s investments. This dispute was settled for $62,500.

Background Information

Daniel Beech 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
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Daniel Beech is a registered broker in 13 states and a registered investment adviser in California, Georgia, Ohio, and Texas.

He has also worked for the following firms:

  • Western International Securities (CRD#:39262)
  • Independent Financial Group (CRD#:7717)
  • Royal Alliance Associates (CRD#:23131)

Kurta Law Can Help

If you worked with Daniel Beech and you have concerns about your investments, please contact us today at 877-600-0098 or 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.