Haselkorn & Thibaut, a nationally recognized investment fraud law firm, has initiated an investigation into Dan McClory, a financial advisor based in Irvine, California, who is currently registered with both Boustead Securities and Sutter Securities. If you have invested with Dan McClory or these broker-dealers and have concerns about possible investment losses, this research report will give you the crucial details, highlight red flags, and provide a clear path to take action.
Dan McClory of Boustead Securities and Sutter Securities: Overview
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Dan McClory (CRD# 1390780) is a veteran in the securities industry, boasting more than 26 years of experience. McClory operates out of Irvine, California, and is currently associated with several firms:
- Boustead Securities, LLC – Broker (since 2016)
- Sutter Securities, Inc. – Broker (since 2019)
- Sutter Capital Advisory/Partners, LP – Registered Investment Advisor (since January 2026)
His qualifications span seven industry-standard securities exams, with current licensure in multiple states including California, New York, Texas, Florida, and Puerto Rico.
Current Disclosures: Complaints and Regulatory Record
The most significant concern for investors is a pending $950,000 customer complaint involving Dan McClory as a representative of Boustead Securities. Below you’ll find summarized details as shown in public regulatory records:
| Date Filed | Allegations | Claimed Damages | Status |
|---|---|---|---|
| July 2023 | Breach of fiduciary duty, misrepresentation of the nature, cost and risk of recommended investments, and unsuitability regarding a private placement not aligned with the client’s interests | $950,000 | Pending – No resolution or damages awarded as of latest update |
Prior Disclosures and Commentaries
Aside from the current $950K complaint, another investor issue was filed in 2020, also while McClory was at Boustead Securities. This earlier complaint alleged unreasonable underwriter compensation; however, it was closed with no action taken. Dan McClory commented that the compensation was reviewed and approved by FINRA and that he was named as Head of Underwriting for the engagement.
- No other customer-initiated complaints or arbitrations are listed as pending or resolved against Mr. McClory, according to public FINRA records.
Regulatory, Civil, and Financial Background
Transparency is essential when evaluating your financial advisor’s background. Here is a comprehensive assessment from regulatory and public records:
- Regulatory Actions: No FINRA, SEC, or state disciplinary actions (such as fines, suspensions, or bars) currently exist against Dan McClory.
- Civil Litigations: A broad search of federal and state court dockets shows no civil lawsuits or judgments listed against McClory or his affiliated firms where he is a defendant.
- Bankruptcies and Liens: No personal bankruptcies, tax liens, or civil judgments appear in public records for Dan McClory.
- Criminal Records: There are no criminal indictments or convictions reported for McClory.
What Does This Mean for Investors?
While many financial professionals maintain spotless records throughout their careers, it is important to note that one significant pending complaint can indicate potential risk, especially when the claim involves allegations such as breach of fiduciary duty, misrepresentation, and unsuitability. The complaint tied to a $950,000 claim is a substantial amount, and its outcome could impact not only the involved parties but also reveal broader concerns about the supervision and recommendations provided by Boustead Securities and affiliated advisors.
It is not uncommon for complex investment products, such as private placements, to generate complaints when investors feel they were inadequately informed of the risks or suitability of such products. Even if only one customer complaint is pending and no formal regulatory action has been announced, it is always wise to exercise precaution, especially if you experienced significant losses or felt you were misled about an investment’s cost, structure, or risk profile.
Should You Be Concerned About Your Portfolio or Previous Advice?
If you have invested with Dan McClory of Boustead Securities or Sutter Securities, or are holding illiquid or complex private placement products, you may wish to review those investments closely. Taking prompt action to review your investments or seek a second opinion can make a critical difference in protecting your rights and financial interests.
What Steps Can You Take Next?
If you’re unsure whether your investments were suitable or properly presented to you, know that Haselkorn & Thibaut offers free, confidential consultations to all investors who may have concerns about their financial advisor or broker-dealer. With more than 50 years’ experience, a 98% success rate, and millions of dollars recovered for clients nationwide, you can count on our dedicated team to provide thoughtful, trustworthy guidance every step of the way.
- No recovery, no fee: You won’t pay any legal fees unless we recover money for you.
- National reach: Haselkorn & Thibaut works with investors all across the country on cases involving unsuitable investments, breach of fiduciary duty, and investment losses.
- Personal care: Every case is handled with empathy, professionalism, and attention to detail.
How to Check an Advisor’s Record
You can look up additional details on FINRA’s BrokerCheck using Dan McClory’s CRD# 1390780 for the most up-to-date public disclosures, including current and past complaints as well as licensing and employment history.
If you or a loved one have questions about investments with Dan McClory at Boustead Securities or Sutter Securities, or wish to pursue a claim regarding investment losses, contact Haselkorn & Thibaut at 1-888-885-7162 for your free, confidential case review. Engaging early with experienced securities attorneys can help you understand your options and protect your hard-earned assets.
Your peace of mind and financial security are important. Take the first step toward reviewing your investment portfolio and addressing your concerns today.
