Daryl Calton: $260K Complaint Against Calton & Associates Advisor

Multiple investor complaints against Mesa, Arizona financial advisor Daryl Calton (CRD# 1002304) allege that he breached his duty to his clients. Financial Industry Regulatory Authority records show that he is a broker with Calton & Associates.

Mr. Calton’s BrokerCheck report discloses three investor complaints. The most recent, filed in October 2022, alleges that as a representative of Calton & Associates, he breached his fiduciary duty and made misrepresentations of material facts between 2012 and 2019. The pending complaint, which concerns a real estate investment, alleges damages of $260,000.

A second investor complaint, filed in 2012, alleged that he breached his fiduciary duty, committed fraud, acted negligently, and violated Arizona securities law. The complaint reached a settlement of $14,999. In a comment on the disclosure, Mr. Calton defended himself against the claim, writing that he “disclosed all risks and pertinent facts to the client and the client signed and initialed all disclosure documents.” According to the comment, he settled the “false” allegations in order to avoid litigation costs.

A third investor complaint, filed in 2003, alleged unsuitable investment recommendations. The complaint alleged damages of $46,100 and was denied by the Calton & Associates.

According to the Financial Industry Regulatory Authority, Daryl Calton holds 41 years of securities industry experience. Based in Mesa, Arizona, he has been a broker with Calton & Associates since 1991. His past registrations include First Affiliated Securities (1989-1991), Ambanc Securities (1987-1989), and Buchanan & Company (1981-1987). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Securities Representative Examination, or Series 52; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Corporate Securities Limited Representative Examination, or Series 62; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He currently holds 27 state licenses. (Information current as of December 13, 2022.)

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