Daniel Bicket (also known as Dan Bicket), a former broker, was reportedly barred for failure to appear for on-the-record testimony requested by FINRA in connection with an investigation into selling equity indexed annuities, according to a Letter of Acceptance, Waiver & Consent (AWC) presented on his FINRA Brokercheck Report. Bicket’s alleged misconduct is under review by investment loss attorney, Alan Rosca.
Rosca Scarlato LLC attorney Alan Rosca and his colleagues are investigating the alleged circumstances that lead to Bicket’s FINRA barring. Individuals who are concerned about investments with Daniel Lee Bicket may contact Alan Rosca for a free case evaluation or to provide any helpful information toll free at 888-998-0530, through email arosca@rscounsel.law, or may use the contact form on our website.
Daniel Bicket is Barred by FINRA
Bicket’s AWC, which was signed in July of 2022, reported that he “consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA.” Furthermore, the AWC states that FINRA was investigating whether Dan Bicket sold equity indexed annuities (EIAs) and consequently violated FINRA’s rules governing outside business activities.
Without admitting or denying FINRA’s findings, Daniel Lee Bicket agreed to being permanently barred from associating with any FINRA member in all capacities.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog. Readers interested to learn more are encouraged to read the Brokercheck report or contact the Rosca Scarlato investor lawyers.
Daniel Lee Bicket Has Been Registered with FINRA Since 1985
Daniel Bicket was reportedly employed as a broker with Northwestern Mutual Investment Services, LLC., in Reinbeck, IA, from 1985 until 2021.
According to his Brokercheck Report, Dan Bicket was discharged from his employment at Northwestern Mutual Investment Services, LLC in June of 2021. The employment separation was reportedly due to alleged selling and facilitating the sale of EIAs.
Potential Compensation Claims May Be Available
The Rosca Scarlato LLC law firm represents individuals who lose money as a result of investment-related fraud or misconduct and is currently investigating circumstances surrounding broker Daniel Bicket’s alleged selling of equity indexed annuities.
Rosca Scarlato LLC law firm typically offers a contingency fee representation, advances the case costs and expenses, and only gets paid for fees and expenses out of compensation recovered for clients. Attorney Alan Rosca, an investment loss lawyer and sometimes adjunct professor of securities regulation, has served thousands of clients and has substantial experience handling broker misconduct cases.
Investors who are concerned about their investments with Dan Bicket may contact attorney Alan Rosca for a free no-obligation consultation by calling toll-free 888-998-0530, via email at arosca@rscounsel.law, or by using the contact form provided on our website.