Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 9, 2018 indicate that Michigan-based PFS Investment Services broker/adviser Daniel Hartley has received regulatory sanctions and customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hartley (CRD# 1141270).
Daniel Hartley has spent 34 years in the securities industry and has been registered with PFS Investments in Portage, Michigan since 1985. He was previously registered with First American National Securities (1983-1985). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 21, 2011; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 21, 1983; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 21, 1983; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on July 2, 1986. He is a registered broker and investment adviser with four US states: Arizona, California, Illinois and Michigan.
According to his BrokerCheck report, he has received three customer complaints and two regulatory sanctions.
In 2016 the State of Michigan sanctioned him in connection to allegations he participated in “dishonest and unethical business practices in the securities industry.” He was placed on conditional registration and issued a fine of $500.
In 2014 FINRA sanctioned him following allegations he solicited a $150,000 loan from a customer which he structured as a promissory note between the customer and Mr. Hartley’s wife, in contravention of firm policies prohibiting representatives from taking loans from customers, and additionally that he failed to disclose to his firm and on his Form U4 that four IRS liens had been filed against him. He was issued a two-month suspension and a fine of $10,000.
In 2012 a customer alleged Daniel Hartley, while employed at PFS Investments, provided inaccurate tax advice and participated in a personal loan transaction. The complaint settled for $40,239.
In 2008 a customer alleged Daniel Hartley, while employed at PFS Investments, made unauthorized transactions. The complaint settled for more than $10,200.
In 2004 a customer’s executor alleged Daniel Hartley, while employed at PFS Investments, failed to follow instructions to sell stock certificates and liquidate mutual fund accounts. The complaint settled for $24,000.
If you or someone you know has lost money investing with Daniel Hartley, 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.