Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 28, 2017 indicate that former New York-based Four Points Capital Partners broker Daniel Fischer has been named in an investigation by the Securities and Exchange Commission (SEC) and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Fischer (CRD# 2796625).
Daniel Fischer has spent 11 years in the securities industry and was most recently registered with Four Points Capital Partners in New York, New York (2012-2017). Previous registrations include WTS Proprietary Trading Group in New York, New York; Dimension Securities in New York, New York; Dimension Trading Group in New York, New York; ETrade Securities in Jersey City, New Jersey; Hold Brothers On-Line Investment Services in New York, New York; Quest Capital Strategies in Lake Forest, California; Worldco in New York, New York; On-Site Trading in Great Neck, New York; and Monroe Parker Securities in Purchase, New York. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has been sanctioned by FINRA and was recently named in a pending SEC investigation.
In July 2017, he was named in an investigation by the SEC into allegations he violated securities laws and rules. The action remains pending.
In 2016 FINRA sanctioned him following allegations he “exercised discretion in customers’ accounts, notwithstanding the fact that he did not have written authorization from the customers to place discretionary trades [and] moreover, Fischer’s member firm had not approved and accepted the accounts as discretionary.” He was issued a 20-day suspension and a fine of $5,000.
If you or someone you know has lost money investing with Daniel Fischer, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.