Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 18, 2018 indicate that former Florida-based Sagepoint Financial broker/adviser Dean Nicholson, who has received several resolved or pending customer disputes, is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Nicholson (CRD# 1644952).
Dean Nicholson has spent 29 years in the securities industry and was most recently registered with Sagepoint Financial in Summerfield, Florida (2012-2017). Previous registrations include Ameriprise Financial Services in The Villages, Florida (2007-2012); Prime Capital Services in Nokomis, Florida (2006-2007); National Planning Corporation in Glastonbury, Connecticut (2003-2006); Washington Square Securities in Des Moines, Iowa (1996-2003); Polaris Financial Services in Concord, New Hampshire (1993-1995); Mariner Financial Services in Largo, Florida (1990-1993); Chris Securities (1989-1990); and Shearson Lehman Hutton in New York, New York (1987-1989). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 18, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 25, 1987; Series 3 (National Commodity Futures Examination), which he obtained on April 27, 1987; Series 7 (General Securities Representative Examination), which he obtained on March 21, 1987; and Series 24 (General Securities Principal Examination), which he obtained on June 27, 1997. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint, two pending customer complaints, and one state regulatory sanction.
In October 2017 a customer alleged Dean Nicholson, while employed at Sagepoint Financial, recommended unsuitable investments, misrepresented material facts, breached his fiduciary duty, acted negligently, breached contract, and failed to supervise in connection to investments in exchange-traded funds and real estate investment trusts (REITs). The customer is seeking $140,000 in damages in the pending complaint.
In May 2017 a customer alleged Dean Nicholson, while employed at Sagepoint Financial, recommended unsuitable securities. The customer is seeking $140,000 in damages in the pending complaint.
In 2016 a customer alleged Dean Nicholson, while employed at Sagepoint Financial, made unsuitable investment recommendations. The complaint settled for $18,000
In 2012 the Florida Office of Financial Regulation sanctioned Mr. Nicholson following allegations he violated state law when he was named on a customer’s account as a 20% beneficiary, though he was not in fact related to the customer, and removed from the customer’s file an “unexecuted draft will” when submitting outgoing correspondence for the firm’s review and approval. He was ordered to pay a fine of $18,000 and disgorgement of $5,200.
If you or someone you know has lost money investing with Dean Nicholson, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.