Options for Clients of Former Cetera Advisors LLC Broker Daniel McPherson

Cetera Advisors LLC

Former Cetera Advisors LLC broker Daniel McPherson (CRD# 4964802) is accused of unsuitable investment recommendations. He was registered with Cetera Advisors LLC In Idaho Falls, Idaho, from 2012 to 2018.

Daniel McPherson Customer Complaints

He has been the subject of four customer complaints between 2013 and 2023, one of which was denied, according to his CRD report. The most recent complaints were regarding: 

January 2023. “Claimants allege they were recommended unsuitable investments.” The customer is seeking $500,000 in damages, and the case is currently pending. 

July 2020. “Claimant alleges unsuitable investment recommendations.” The customer sought $250,000 in damages, and the case was settled for $57,500.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Advisors LLC may be liable for investment or other losses suffered by Daniel McPherson’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.