Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that advisor Dana Vietor (Vietor) has been accused by his former employer and a financial regulator of selling a non-approved product among other allegations. According to records kept by The Financial Industry Regulatory Authority (FINRA) Vietor was terminated by his prior employer, CFD Investments, Inc. (CFD Investments) concerning his outside business activities. Thereafter, FINRA barred Vietor from the securities industry relating to sales activities. If you have been a victim of Vietor’s alleged misconduct our firm may be able to assist you in recovering funds.
In November 2018 CFD Investments terminated Vietor after alleging that he engaged in private securities transactions without providing information to the firm or seeking approval for the transactions. Financial adviser submitted annual questionnaires to the firm advising the firm that he was not engaging in private securities transactions.
In March 2020 FINRA filed a regulatory action against Vietor finding that Vietor consented to sanctions and findings that he engaged in the sale of promissory notes called deposit agreements totaling more than $3 million without disclosing and receiving approval from his member firms for the private securities transactions. FINRA also found that Vietor was engaged in a start-up business venture that required funding and that the deposit agreements raised funds for entities associated with the business venture.
Vietor’s outside business activities disclosed on his publicly available BrokerCheck report include Financial Independence Corporation, SRS Holdings LLC, and SRS Management LLC.