Daryl Calton: Ex-Calton & Associates Advisor Lands $50K-$99K Complaint

Former Mesa, Arizona financial advisor Daryl Calton (CRD# 1002304) allegedly recommended unsuitable investments, according to a recent investor complaints. Financial Industry Regulatory Authority records show that the former Calton & Associates representative is no longer registered as a broker or an investment advisor.

Mr. Calton’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Calton & Associates, he recommended unsuitable real estate investment trust (REIT) products. The pending complaint alleges damages between $50,000 and $99,000.

An earlier investor complaint, filed in 2023, similarly alleges that as a representative of Calton & Associates, he recommended unsuitable real estate investments. The pending complaint alleges damages of $236,200.

A third investor complaint, filed in 2012, alleged that he breached his fiduciary duties, acted negligently, committed fraud, and violated Arizona securities law. The complaint reached a settlement of $14,999. In a statement included with the complaint’s disclosure, Mr. Calton defended himself against the allegations. “I disclosed all risks and pertinent facts to the client and the client signed and initialed all disclosure documents,” he wrote. “The allegations are false. I settled to avoid further cost for litigation.”

According to the Financial Industry Regulatory Authority, Daryl Calton holds 42 years of securities industry experience. Most recently based in Mesa, Arizona, he was registered a broker with Calton & Associates from 1991 until 2023. His registration history includes First Affiliated Securities (1989-1991), Ambanc Securities (1987-1989), and Buchanan & Company (1981-1987). He is not currently licensed with any state or broker-dealer firm. (Information current as of August 23, 2024.)

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