Last Updated: February 2025 (Dalton, GA)
National securities fraud lawyers at Patil Law, P.C. are investigating current Dempsey Lord Smith, LLC broker Joel A. Goldberg (CRD #6590746) regarding allegations of unsuitability, breach of fiduciary duty, and accountant malpractice. The investigation stems from a recently filed FINRA arbitration alleging serious misconduct in the handling of direct participation program (DPP) and limited partnership investments.
Critical Insights About Dalton Financial Advisor Joel Goldberg:
- Advisor Name: Joel A. Goldberg
- CRD: 6590746
- Location: Dalton, GA
- Current Employer: Dempsey Lord Smith, LLC
- Classification: Registered Representative
- Primary Location: 906 Vista Dr, Suite 100, Dalton, GA 30721
- Can Joel Goldberg be sued in FINRA arbitration: Yes
- Customer Disputes: One pending complaint
- Current Registrations: Licensed in 6 states (FL, GA, IL, MS, TN, TX)
- Years of Experience: Since 2015
- Professional Qualifications: Series 22 and 63 licenses
- Current Status: Active with Dempsey Lord Smith, LLC
Details Of Current Investigation:
A FINRA arbitration filed in October 2024 (Case #24-02182) alleges:
- Unsuitability of investment recommendations
- Breach of fiduciary duty
- Accountant malpractice and negligence
- Damages: Unspecified compensatory and punitive damages
- Focus on Direct Investment-DPP & LP Interests
Analysis Of Alleged Misconduct:
The allegations raise serious concerns about:
- Investment suitability standards
- Fiduciary obligations
- Professional duty of care
- Due diligence procedures
- Risk disclosure practices
- Account supervision
- Integration of accounting and investment services
Regulatory Framework:
SEC Regulation Best Interest requires:
- Thorough client suitability analysis
- Full disclosure of risks
- Documentation of investment rationale
- Clear communication of conflicts
- Regular portfolio review
- Client best interest prioritization
FINRA Rules Implications:
- FINRA Rule 2111 (Suitability)
- FINRA Rule 2010 (Standards of Commercial Honor)
- FINRA Rule 3110 (Supervision)
Professional Background:
Mr. Goldberg’s career includes:
- Entry into securities industry in 2015
- Continuous employment with Dempsey Lord Smith since 2015
- Multiple business activities including Medical Business Concepts and various real estate ventures
- Direct participation program specialist
- Multi-state registration
Red Flags For Investors:
- Pending unsuitability allegations
- Multiple business activities potentially creating conflicts
- Complex investment products
- Dual role as accountant and investment advisor
- Fiduciary duty concerns
- Professional negligence claims
- Limited securities industry experience
Implications For Current And Former Clients:
Current and former clients should:
- Review all DPP and LP investments
- Examine investment suitability
- Verify risk disclosures
- Document all communications
- Assess portfolio concentration
- Review tax implications
- Evaluate investment performance
- Consider independent review
Contact Patil Law P.C. To Protect Your Rights:
If you have concerns about unsuitable investments or questionable advice in your account handled by Mr. Goldberg, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
