WARNING! Impending Investigation: DARNELL DEANS and BLACKBOOK CAPITAL, LLC
Israels & Neuman, PLC Investigates Darnell Deans (CRD# 2200059) Of Blackbook Capital, LLC.
Have you lost money with financial advisor Darnell Deans (CRD# 2200059) of Blackbook Capital, LLC of New York, New York? We are investigating allegations of various state regulatory agencies related to the conduct of Darnell Deans. Mr. Deans’ CRD report, a public record maintained by FINRA, the Financial Industry Regulatory Authority states that:
Deans was named a respondent in a FINRA complaint alleging that he willfully failed to amend his form U4 to disclose three unsatisfied federal tax liens. The complaint alleges that Deans borrowed money from customers of his member firm without seeking or obtaining the firm’s approval for the loans. The complaint also alleges that Deans falsely represented to the firm in an annual attestation that he had not borrowed money from any firm customers and he failed to disclose to the firm the extent of funds borrowed from customers of it.
A customer, in attempt to recoup a trade loss, filed suit against Deans, as well as the actual representative responsible for the trade. The customer alleges concerns with Dean’s supervision and alleges losses in the amount of $50,000.00.
The state of Indiana securities commission is seeking a permanent bar of Deans’ from selling securities in Indiana for having his registration revoked by a state securities regulator, in violation of Ind. Code 23-19-4-12(d).
Deans’ securities license in the state of Michigan has been revoked due to regulatory actions pending in other states, and he has been ordered to pay a fine to the state of Michigan in the amount of $7500.00.
The state of New Jersey securities commission found that:
Deans engaged in dishonest or unethical business practices in the securities business by borrowing money from his clients. Deans engaged in dishonest or unethical business practices in the securities business by violating FINRA Rule 3240. Deans engaged in a dishonest and unethical business practice by failing to disclose tax liens against him. Deans filed a false application with the bureau. Deans made false or misleading filings with the bureau. Accordingly, the commission suspended Deans for 2.5 years and fined him $37,500.00.
Deans currently has a tax lien in the amount of $114,383.00, which he is paying on a rate of $200.00 per month.
Deans has previously settled 2 FINRA lawsuits filed against him by his former customers.
Darnell Deans is currently a financial advisor and registered representative of Blackbook Capital in New York, New York. He was also an advisor with John Carris Investments, LLC from January 2005 to November 2013, and with Garden State Securities from January 2002 to January 2005. He worked at branch offices in New York, New York.
Brokerage firms have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Iowa. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including AXA Advisors, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
If you lost money with Darnell Deans or Blackbook Capital, please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Deans Broker Check