Dana Vietor: $2.6 Million Complaint Against Ex-Dallas Advisor

Former CFD Investments representative Dana Vietor (CRD# 873129) has received numerous pending investor complaints alleging millions in damages. Financial Industry Regulatory Authority records show that the former Dallas-based broker has been barred from associating with any broker-dealer firm.

Mr. Vietor’s BrokerCheck report discloses nine pending investor complaints. The most recent, filed in February 2022, alleges that as a representative of FD Investments, he breached his fiduciary duty, committed fraud, and violated FINRA’s suitability rules. The pending complaint alleges damages of $345,000.

A complaint filed in December 2021 alleges that he sold promissory notes away from his member firm, CFD Investments, involving companies he owned or controlled. The pending complaint alleges damages of $75,000. A complaint filed in September 2021, meanwhile, alleges misrepresentation of material fact relating to an unsuitable and fraudulent investment. The pending complaint alleges damages of $250,000.

A complaint filed in August 2021 alleges that as a representative of Cape Securities, Allied Beacon, Oakbridge Financial, and CFD Investments, he engaged in the sale of private and unregistered securities, made unsuitable investment recommendations, over-concentrated investments in his customers’ accounts, and made fraudulent misrepresentations of omissions. The pending complaint alleges damages of $1,107,000.

A complaint filed in June 2021 alleges that in connection with private securities transactions away from CFD Investments, he engaged in fraud, negligently misrepresented material facts, breached his fiduciary duty, breached contract, and violated the Iowa Securities Act. The pending complaint alleges damages of $2,658,320.

An April 2021 complaint alleges similarly that he breached his fiduciary duty and committed fraud in relation to the sale of private securities transactions, alleging damages of $108,667. A March 2021 complaint, meanwhile, alleges he made private transactions involving promissory notes issued by a company under his control, alleging damages of $608,852. Both complaints are pending.

In March 2020, FINRA sanctioned Mr. Vietor over findings that he engaged in undisclosed and unapproved private securities transactions involving the sale of promissory notes, totaling more than $3 million in transactions, to raise funds for a business venture in which he had membership interests. He was permanently barred from associating with any FINRA member in any capacity.

According to the Financial Industry Regulatory Authority, Dana Vietor holds 31 years of securities industry experience. He was a representative of CFD Investments in Dallas, Texas from 2016 until 2018 and is now barred from acting as a broker. His past registrations include Oakbridge Financial Services, Cape Securities, Allied Beacon Partners, Workman Securities Corporation, Linsco/Private Ledger Corp., the Advisors Group, Allied Group Merchant Banking, LaSalle Street Securities, Financial Network Investment Corporation, F&G Securities, St. Paul Investors, and SMA Equities. His credentials include the passage of seven securities industry qualifying exams. He is currently not licensed as a broker in any state. (Information current as of May 19, 2022.)

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