Dan McClory: Boustead, Sutter Advisor Faces $950K Complaint

A recent investor complaint against Irvine, California financial advisor Dan McClory (CRD# 1390780) alleges that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Sutter Securities and Sutter Capital Advisory, respectively, and that he is also registered as a broker with Boustead Securities.

Mr. McClory’s BrokerCheck report discloses two investor complaints. The most recent, filed in October 2025, alleges that as a representative of Boustead Securities, he recommended an unsuitable private placement that was not in the customer’s best interest. The pending complaint alleges damages of $950,000.

An earllier investor complaint, filed in 2020, alleged that as a representative of Boustead Securities, he charged unreasonable underwriter compensation. The complaint alleged unspecified damages and was closed with no action taken. “The complaint is without merit as FINRA Corporate Finance approved the underwriter compensation,” Mr. McClory wrote in a comment included with the dislcosure. “I was personally named in the complaint as the Head of Underwriting for an engagement in which the Firm served as Underwriter. We intend to vigorously defend our actions.”

According to the Financial Industry Regulatory Authority, Dan McClory holds 26 years of securities industry experience. Based in Irvine, California, he has been registered as a broker with Sutter Securities since 2019 and with Boustead Securities since 2016, and as an investment advisor with Sutter Capital Partners since January 2026. His registration history includes Bonwick Capital Partners, Burnham Securities, Hunter Wise Securities, and Cigna Securities. His credentials include the passage of seven securities industry qualifying exams: TKTK. He is licensed in California, Connecticut, Florida, Indiana, Michigan, New York, North Carolina, Puerto Rico, and Texas. (Information current as of February 8, 2026.)

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