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Daniel Evans: $10 Million Complaint Against Seattle Advisor
Wells Fargo financial advisor Daniel Evans (CRD# 1573625) recently received an investor complaint alleging eight-figure damages. Financial Industry Regulatory Authority records indicate that he is a broker and an investment advisor based in Seattle, Washington. According to his firm’s website, he is a member of Evans Cahill Private Wealth Group.
Mr. Evans’ BrokerCheck report discloses two investor complaints. The most recent, filed in December 2021, alleges that as a representative of Wells Fargo Clearing Services, he recommended unsuitable investments between 2015 and 2020. The pending complaint alleges damages of “not less than $10,000,000.00.”
An earlier complaint, filed in 2003, alleges that as a representative of Salomon Smith Barney, he failed to disclose the charges associated with mutual fund sales. The complaint reached a settlement of $80,000. In a statement on the disclosure, Mr. Evans wrote that the complaint “has been completely mischaracterized by [his] former firm.” He added that “[t]here was no failure to disclose a mutual fund sales charge on my part,” and that the underlying matter was “a[n] operational failure to process the order properly.”
According to the Financial Industry Regulatory Authority, Daniel Evans holds 32 years of securities industry experience. Based in Seattle, Washington, he has been a broker and an investment advisor with Wells Fargo Clearing Services, where he is a member of Evans Cahill Private Wealth Group, since 2003. His past registrations include Prudential Securities, Salomon Smith Barney, and Royal Alliance Associates. His credentials include the passage of four securities industry qualifying exams: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He holds 24 state licenses. (Information current as of September 20, 2022.)
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