Daryl Calton Facing Investment Suitability Disputes

Daryl Calton (CRD #: 1002304), a previously registered broker with Calton & Associates, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 22, 2024, an investor alleged that Daryl Calton recommended unsuitable investments. The investor is seeking $50,000.01. 

On August 3, 2023, an investor alleged that Daryl Calton recommended unsuitable investments. The investor is seeking $236,200. 

Other Disclosures

Investors should note that there are two other investor disputes on his record and one regulatory action. 

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 

Daryl Calton has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 62 Corporate Securities Limited Representative Examination 
• Series 22 Direct Participation Programs Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 
• Series 52 Municipal Securities Representative Examination 
• Series 24 General Securities Representative Examination 

During his 42 years of experience, Daryl Calton has registered with four firms: 

• Calton & Associates (CRD #: 20999) 
• First Affiliated Securities (CRD #: 23737) 
• Ambanc Securities (CRD #: 16351) 
• Buchanan & Co. (CRD #: 7113) 

Kurta Law Can Help 

If you have worked with Daryl Calton 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.