Last Updated: February 2025 (Henderson, NV)
National securities fraud lawyers at Patil Law, P.C. are investigating former Kalos Capital broker Daniel H. Mann (CRD #4592568) regarding allegations of breach of fiduciary duty and over-concentration in high-risk securities. The investigation stems from multiple customer complaints and arbitration claims alleging significant losses from unsuitable investment recommendations.
Critical Insights About Henderson Financial Advisor Daniel H. Mann
- Advisor Name: Daniel H. Mann
- CRD: 4592568
- Location: Henderson, NV
- Current Employer: Independent Financial Group, LLC
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: Henderson, NV
- Can Daniel Mann be sued in FINRA arbitration: Yes
- Customer Disputes: Two settled complaints
- Current Registrations: Licensed in 17 states
- Years of Experience: Since 2002
- Previous Employers: Kalos Capital (2016-2021), Global Financial Private Capital (2014-2015)
- Professional Qualifications: Series 7, 63, 65 licenses
- Business Names: Cornerstone Wealth Management (DBA)
- Current Status: Active with Independent Financial Group
Details Of Recent Settlements
Recent customer complaints allege:
- Over-concentration in high-risk securities
- Breach of fiduciary duty
- Unsuitable investment recommendations
- Damages alleged exceeding $334,000
- Settlement amounts totaling $140,000
- Investment losses in GPB Holdings II and other banking products
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Investment suitability standards
- Risk concentration levels
- Fiduciary duty obligations
- Due diligence procedures
- Client risk tolerance assessment
- Portfolio diversification
- Protection of client interests
Regulatory Framework And Investor Protection
SEC Regulation Best Interest
Reg BI requires:
- Appropriate risk diversification
- Suitable investment recommendations
- Client risk tolerance evaluation
- Portfolio concentration limits
- Protection of client interests
- Compliance with firm procedures
FINRA Rules And Their Significance
FINRA Rule 2111 mandates:
- Suitable investment strategies
- Proper risk assessment
- Appropriate concentration levels
- Client-specific suitability
- Documentation requirements
- Regular account review
Professional Background
Mr. Mann’s career includes:
- Current position at Independent Financial Group since 2021
- Previous registration with Kalos Capital from 2016-2021
- Multiple state registrations
- Various business activities including insurance and tax preparation
- Operation of multiple related businesses in Henderson area
Red Flags For Investors
- Multiple customer complaints
- Significant settlement amounts
- High-risk security allegations
- Concentration issues
- Fiduciary duty concerns
- Product suitability questions
- Risk assessment issues
- Complex product sales
Implications For Current And Former Clients
Current and former clients should:
- Review all account statements
- Examine risk levels
- Verify investment suitability
- Check portfolio concentration
- Monitor account activity
- Document communications
- Assess investment losses
- Consider independent review
- Evaluate risk tolerance alignment
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about unsuitable investments or over-concentration in your accounts handled by Mr. Mann, 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.
