Darrell Delphen Allegedly Recommended an Unsuitable Investment

Darrell Delphen (CRD #: 1603277), a broker registered with Independent Financial Group, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 24, 2024, an investor alleged that Darrell Delphen recommended an unsuitable investment. This is according to his $59,000. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment is suitable in light of their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

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

Background Information 

Darrell Delphen 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

He is a registered broker in 31 states and is a registered investment adviser in Texas. 

During his 37 years of experience, Darrell Delphen has registered with ten firms. These are the five most recent: 

• Independent Financial Group (CRD #: 7717) 
• Cornerstone Financial Services (CRD #: 112278) 
• Cambridge Legacy Securities (CRD #: 103722) 
• Intersecurities (CRD #: 16164) 
• Mariner Financial Services (CRD #: 8292) 

Kurta Law Can Help 

If you have worked with Darrell Delphen 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.