Daniel Kistler is Facing a $100,000 Investor Dispute

Daniel Kistler (CRD #: 6203300), a broker registered with Dempsey Lord Smith, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on April 17, 2024. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations 

On December 10, 2023, an investor alleged that Daniel Kistler failed to conduct reasonable due diligence and recommended an unsuitable, high-risk investment. The investor is seeking $100,001. 

On September 22, 2020, investors alleged that Daniel Kistler solicited them for accredited investor products even though they were not accredited. Accredited investors have sufficient wealth to take on substantial risks. The investor sought $101,000 and the dispute settled for $85,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration. 

Background Information 

Daniel Kistler has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination 

He is a registered broker in 20 states and is a registered investment advisor in Georgia. 

During his nine years of experience, he has registered with the following firms: 

• Dempsey Lord Smith (CRD #: 141238) 
• Retirement Cash Flow Group (CRD #: 285843) 
• Roger’s Retirement Readiness Alliance (CRD #: 285843) 
• Coastal Equities (CRD#: 23769) 
• Waddell & Reed (CRD #: 866) 

Kurta Law Can Help 

If you have worked with Daniel Kistler and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.