Allegations Against Danny Pelton

According to FINRA’s BrokerCheck, Arvest Wealth Management fired Danny Pelton in December 2025.  Regarding the reasons for his termination, the firm simply disclosed “Please see the 7B DRP”.  This refers to a line on a Form U-5, which is a document that a brokerage firm files with a regulator when a broker’s registration is terminated with the firm.  Line 7B of the Form U-5 asks whether the representative “Currently is, or at termination was, the individual under internal review for fraud or wrongful taking of property, or violating investment-related statutes, regulations, rules or industry standards of conduct?”.

Pelton’s BrokerCheck report does not disclose what was the alleged conduct at issue.

Background on James Pelton

James Pelton was licensed with Arvest Wealth Management from 2013 to December 2025 at a West Fork, Arkansas office.  He was also previously licensed with several other firms since 1988.

Can Arvest Wealth Management Be Liable for Customer Losses?

FINRA Rule 3110 requires securities brokerage firms like Arvest Wealth Management to adequately supervise the activity of its advisors.  Arvest Wealth Management could be responsible for investor losses if it failed to reasonably supervise him.

Israels & Neuman Helps Investors in Arkansas

We represent investors throughout the United States as well as Arkansas, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  We have represented investors in Arkansas in the past.  If you were a client of James Pelton and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Pelton’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call Israels & Neuman today at (720) 599-3505 or (206) 795-5798

We are here to help you recover what you deserve.

LITTLE ROCK, ARKANSAS Are you a former customer of Alton Raney, formerly with LPL Financial in Little Rock, Arkansas? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made by the Arkansas Securities Department against Alton B. Raney II.

Arkansas investigated Mr. Raney regarding allegations that he engaged in short-term trading of mutual funds in a customer’s accounts during 2022. It was alleged that the short-term trading of mutual funds with large upfront commissions caused unnecessary charges to the customer. See Complaint and BrokerCheck Report linked below.

Alton B. Raney II was a representative of LPL Financial in Little Rock, Arkansas from December 2018 to April 2023. He then joined St. Bernard Financial from September 2023 to May 2024 in Russellville. He also had a tax lien against him in 2023.

Pursuant FINRA Rule 3110, securities brokerage firms must adequately supervise their representatives. If firms like LPL Financial fail to provide sufficient supervision, the firms could be held responsible for financial damages.

If you lost money with Alton Raney or LPL Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.

View Complaint HERE View FINRA BrokerCheck Report HERE