Securities Arbitration Lawyers BlogFINRA Bars Daniel Winger For Improper Use Of Customer Funds
Daniel Noah Winger (CRD #1542674) is a former registered broker whose last employer was PFS Investments Inc. (CRD #10111) of Federal Way, WA. No current employment information is available. He began in the industry in 1986.
Winger was discharged by PFS on 8/10/2018 after a customer alleged that he took checks from her and deposited them into his personal bank account.
A subsequent FINRA investigation dated 8/28/2018 found that the elderly customer gave him checks made out to “Dan Winger & Associates,” totaling $100,000. The customer was under the impression that the funds would be used for her benefit, including paying any commissions associated with her brokerage account, and for taxes that became due. However, Winger deposited those checks into his own bank account. Winger then spent the monies for his own personal use.