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Daniel Garvin: Ex-Taylor Capital Advisor Lands GWG Complaint
Woodstock, Georgia financial Daniel Garvin (CRD# 1481768) allegedly recommended an unsuitable GWG L bond, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is a broker with World Equity Group and an investment advisor with Triumph Wealth Advisors, having previously been registered with Taylor Capital Management.
Mr. Garvin’s BrokerCheck report discloses two investor complaints. The most recent, filed in March 2023, alleges that as a representative of Taylor Capital Management, he recommended an unsuitable investment “in a speculative junk bond investment called GWG,” breached his fiduciary duty, acted negligently, breached contract, made misrepresentations of material facts regarding the investment he recommended, and violated FINRA conduct rules. The pending complaint alleges damages of $49,000.
An earlier investor complaint, filed in 2011, alleged that as a representative of NEXT Financial Group, he “made unsuitable investment recommendations and overly concentrated the customers’ accounts in illiquid, non-publicly traded REITs and direct investments.” In 2013 the complaint resulted in an award to the customer of $40,000.
According to the Financial Industry Regulatory Authority, Daniel Garvin holds 37 years of securities industry experience. He has been registered as a broker with World Equity Group in Acworth, Georgia since 2019 and an investment advisor with Triumph Wealth Advisors in Woodstock, Georgia since 2016. His registration history includes Taylor Capital Management, Brokers Financial, Brokers International Financial Services, First Allied Advisory Services, First Allied Securities, NEXT Financial Group, American Investment Services, SunAmerica Securities, WMA Securities, InterSecurities, and PFS Investments. His credentials include the passage of seven securities industry qualifying examinations: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; 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 Georgia, Louisiana, Michigan, and Ohio. (Information current as of April 1, 2023.)
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