Investor Files Complaint Against Hackensack Advisor Daniel Mackle

Recent investor complaints against former Garden State Securities advisor Daniel Mackle (CRD# 2239531) allege that his investment advice resulted in more than $2 million in cumulative damages. Financial Industry Regulatory Authority records show that he was most recently registered as a broker and an investment advisor in Hackensack, New Jersey. 

Mr. Mackle’s BrokerCheck report multiple investor complaints. The most recent, filed in April 2022, alleges that as a representative of Garden State Securities, he recommended unsuitable products, churned investments in the customer’s account, and breached his fiduciary duty to place the client’s interests above his own. The pending complaint alleges damages of $1.8 million.

A second investor complaint, filed in July 2021, alleges that as a representative of Garden State Securities, Mr. Mackle engaged in unauthorized trading, executed excessive transactions, made misrepresentations of material information, and failed in his supervisory duties. The pending complaint alleges damages of $550,000.

A third complaint, filed in 2000, alleged dissatisfaction with the handling of the customer’s account at Barron Chase Securities. In 2002 the complaint reached a settlement of $20,000.

According to the Financial Industry Regulatory Authority, Daniel Mackle holds 27 years of securities industry experience. He is not presently registered as a broker or as an investment advisor. His past registrations include MD Global Partners (Hackensack, New Jersey; 2019-2020), Garden State Securities (Hackensack, New Jersey; 2008-2019), J.P. Turner & Company (Pomona, New York; 2000-2008), Barron Chase Securities (Boca Raton, Florida; 1998-2000), Worthington Capital Group (Garden City, New York; 1997), Investors Associates (Hackensack, New Jersey; 1995-1997), M.S. Farrell & Company (Syosset, New York; 1993-1995), and Sands Brothers & Company (New York, New York; 1992-1993). His credentials include the passage of seven securities industry qualifying examinations: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the Limited Representative-Equity Trader Exam, or Series 55; 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. (Information current as of August 3, 2022.)

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