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Dan Beech: $300K Complaints Against Simple Wealth Advisor
Thousand Oaks, California financial advisor Dan Beech (CRD# 6169844) has received several investor complaints alleging his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Innovation Partners, doing business as Simple Wealth. He was previously affiliated with Western International Securities in Westlake Village, California.
Mr. Beech’s BrokerCheck report discloses multiple investor complaints. One of the most recent, filed in June 2022, alleged that he recommended an unsuitable corporate bond investment. The complaint alleged damages of at least $5,000 and was denied by Western International Securities.
A second investor complaint, filed in June 2022, similarly alleged that he recommended unsuitable bond products while a representative of Western International Securities. The pending complaint alleges damages of $300,000.
Another investor complaint filed in June 2022 alleged that as a representative of Western International Securities, Mr. Beech engaged in negligence connected to a corporate bond investment. The pending complaint alleges damages of $300,000.
A third investor complaint, filed in April 2022, alleged negligence connected to alternative investment recommendations. The pending complaint alleges unspecified damages estimated to exceed $5,000.
An investor complaint filed in 2021 alleged “performance related” issues connected to Mr. Beech’s conduct as a representative of Western International Securities. The complaint reached a settlement of $62,500.
One final complaint disclosed on Mr. Beech’s BrokerCheck report, filed in 2019, alleged that he recommended an unsuitable real estate investment trust (REIT) while at Western International Securities. In 2020 the complaint reached a settlement of $10,000.
According to the Financial Industry Regulatory Authority, Dan Beech holds eight years of securities industry experience. Based in Thousand Oaks, California, he has been a broker and an investment advisor with Innovation Partners since 2022, doing business as Simple Wealth. His past registrations include Western International Securities (Westlake Village, California; 2016-2022), Independent Financial Group (Sherman Oaks, California; 2014-2016), and Royal Alliance Associates (Los Angeles, California; 2013-2015). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Florida, Georgia, Maryland, Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, and Virginia. (Information current as of August 24, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.